Best Student Loan can offer cash bonuses and promotional offers when you refinance a student loan with them. Many of these offers are unique to The College Investor readers because we’ve built these partnerships and only highlight the best offers for our readers. Best Student Loan Refinancing
These are referral links, meaning I do receive a commission if you refinance through these lenders. However, that doesn’t impact you in any way. We’re simply trying to showcase the best bonus offers for refinancing your student loans.
Remember, at the end of the day, don’t let $1,000 sway you. Shop around to find the best lender that meets your needs. A lower interest rate will probably outweigh any bonus offer over the course of the loan.
Our favorite comparison tool is Credible. The reason is they aren’t a lender but a marketplace where you can compare a bunch of different offers at once. They offer College Investor readers a $1,000 gift card bonus if you refinance at least $100,000, otherwise it’s a $300 gift card bonus if you go through their platform. Best Student Loan Refinancing
Best Student Loan Refinancing Bonuses
Here’s our current list of the best student loan refinancing bonuses. We keep this list up to date as best as possible. These bonuses are based on our relationship with the student loan lender. You might find different offers elsewhere, but we strive to have the best Best Student Loan Refinancing available.
|
Lender |
Bonus |
Requirement |
|---|---|---|
|
Credible |
Up to $1,000 |
$1,000 for $100k+, $300 for less than $100k |
|
Juno |
Up to $1,000 |
$1,000 for $150k+, $500 for less than $150k |
|
LendKey |
Up to $750 |
$750 for $150k+, $300 for less than $150k |
|
ELFI |
Up to $599 |
$599 for $100k+, $500 for $50k – $100k |
|
Splash |
$500 |
$500 if refinance over $50k |
Remember to check out our list of the best places to refinance student loans as well.
Credible – Up to $1,000
Credible is our favourite marketplace for comparing student loans. They have almost a dozen different lenders that you can easily shop and compare on their platform. And as a College Investor reader, no matter what lender you actually choose – if you refinance on their platform, you’ll get: Best Student Loan Refinancing
A $1,000 gift card bonus if you refinance at least $100,000 in student loans.
A $300 gift card bonus if you refinance less than $100,000 in student loans.
Juno – Up to $1,000
Juno negotiates better student loan rates for groups of student loan borrowers. They currently have some excellent offers for refinancing student loans, and if you qualify, not only will you refinance your student loan to a better rate, but you can also take advantage of a sweet bonus.
Juno is currently offering College Investor readers a $1,000 bonus if you refinance a loan over $150,000, and a $500 bonus if you refinance under $150,000. Best Student Loan Refinancing
LendKey – $750
LendKey offers private student loans and student loan refinancing by connecting borrowers to its network of over 300 credit union and banking partners. With access to their large network of partner lenders, they offer some of the lowest rates you’ll find. Their loans have no origination fees or application fees, and you can check your rate online in just 2 minutes with no credit score impact. Best Student Loan Refinancing
LendKey is currently offering College Investor readers a $750 bonus if you refinance a loan over $150,000, and a $300 bonus if you refinance under $150,000.
ELFI – Up to $599
ELF I have a long track record of helping borrowers refinance their student loans. Plus, they are consistently at the top of “best rate” charts and customer service rankings. Best Student Loan Refinancing
Just for being a College Investor reader, you get an awesome bonus:
- A $599 bonus when you refinance at least $100,000 in student loans!
- If you refinance less than $100,000 but at least $50,000 in student loans, you will receive a $500 bonus!
That means if you’re quick and you sign up through our site, you can earn up to $599 toward your student loans!
If you’re organised, this can be an easy win for a substantial bonus. Check out our full ELFI (Education Loan Finance Inc.) review here.
This is the best bonus we see right now!
Splash Financial – $500
Currently, a variety of credit unions and banks partner with Splash Financial, a student loan marketplace.
We highly recommend Splash to medical residents, as they offer $100 payments on your refinanced loans during your residency and for up to 6 months afterward. Best Student Loan Refinancing
Splash is currently offering College Investor readers a $500 bonus if you refinance a loan over $50,000¹.
Student Loan Bonus Offer FAQs
We get a lot of questions about why companies offer bonuses for student loans. Like everything else – it’s marketing. Some companies try to compete on rates and fees; others offer repayment programs; and others offer awesome incentives to refinance your student loans. Best Student Loan Refinancing
Your goal as a borrower should be to figure out the best combination of all of the above for your needs.
Here are some common student loan bonus offer FAQs:
Should I refinance my student loans?
Maybe – if you have private student loans, it can make sense to shop often and refinance when you can get a better rate. If you have Federal student loans, it doesn’t always make sense – since you lose the benefits Federal loans offers.
Is it possible to refinance Federal and private student loans together?
Yes, you can refinance all of your student loans together.
How do you get the best rate when you refinance?
To get the best rate when you refinance student loans, you typically need to have great income, credit, and you are taking out a short term loan (5 years or less). Variable rates are also typically lower than fixed rate loans.
How do you get the best bonus offer?
Check out our list of student loan bonus offers and see the terms. The best offers are typically for higher balance refinancing.
Can you refinance more than once?
Yes, you can refinance as often as you would like to. However, you usually cannot refinance again at the same lender.
Why Should You Trust Us
I am America’s Student Loan Debt Expert™ and have been actively writing about and covering student loans since 2009. Myself and the team here at The College Investor have been actively tracking student loan providers since 2015 and have reviewed, tested, and followed almost every provider and lender in the space. Best Student Loan Refinancing
Furthermore, our compliance team reviews the rates and terms on these listing every weekday to ensure they are accurate. That way you can be sure you’re looking at an accurate and up-to-date rate when you’re comparison shopping.
Final Thoughts
Remember, don’t choose a student loan refinancing company simply because of their bonus or promotional offer. The interest rates, term, and fees can make a big difference and easily outweigh any bonus offer. Best Student Loan Refinancing
If you have federal student loans, remember that it typically doesn’t make sense to refinance them into private student loans.
At the end of the day, if you’ve already found a lender with a great rate and term that matches your needs – then get paid for using them! Best Student Loan Refinancing