Take Control of Your Student Loans with 1st Advantage
Tired of feeling overwhelmed by your student loan debt? We’ll help you take control with Student Loan Refinancing. Our competitive rates and flexible repayment options help you save money and simplify your finances. Plus, our easy online application process makes refinancing quick and hassle-free.
Pay off your student loans with less stress and less interest.
Our refinancing experts find a number of ways to create one lower monthly payment for you.
No application or origination fees.
The Affordable Way to Refinance Your Loans
Instead of paying several different payments, make one payment per month with a lower interest rate. Plus, pay no application or origination fees when you apply for student loan refinancing.
Choose the Option that Best Fits Your Situation
Whether you have private or federal student loans, we’ll work with you create a plan that aligns with your goals for the future. When you refinance your student loans with us, you’ll also get:
- A discount for making automatic ACH payments
- Co-signer release after 12 months of on-time, interest and principal payments, when requested
Ready to apply? Get started now.
When you refinance your student loans with 1st Advantage Federal Credit Union, you have a great opportunity to consolidate and refinance one or more student loans into a single loan that may have a lower interest rate and monthly payment.
Yes, you can! Please be aware that you may lose certain benefits (e.g., favorable repayment options, loan forgiveness options, extended loan terms, etc.) associated with your federal student loans by refinancing with a private loan. We strongly advise you to review and understand your options and the potential benefits and drawbacks of refinancing your federal loans before doing so.
Check your last statement. Most lenders and servicers specify which loans are federal and which are private. If you’re unsure. Please contact your lender for help.
In addition to 1st Advantage’s underwriting criteria, you must also meet the following:
- You and your cosigner (if applicable) are US citizens or permanent residents.
- You’ve graduated from an eligible school.
- You’re refinancing private and/or federal loans.
- If you have loans for preparation classes (including LSAT, MCAT, GMAT, and GRE), they’re not eligible for refinancing.
- You’re a member of 1st Advantage Federal Credit Union (or become a member during the online application process).
The minimum you can borrow is $5,000. The maximum you can borrow over a lifetime is $125,000 for undergraduate debt and $250,000 for graduate school debt.
A creditworthy cosigner increases the likelihood of loan approval and may lead to a lower rate. However, if you meet the credit and income requirements on your own, you may apply without a cosigner.
Once you’re conditionally approved, you may be asked to submit the following documents:
- Proof of Identity (a government-issued ID)
- Proof of Graduation
- Proof of Income
- Account statements for the loans that you wish to refinance
You should allow 2 weeks until funds are disbursed on approved loans, but it can take less or more time in some cases. Remember, once the process is completed, you should continue to make payments to your previous lenders up until you have confirmed that your previous loans are paid in full.