Parent PLUS Loan Refinance

Of all the different types of student loans, Parent PLUS loans have some of the highest interest rates out there. But if you have a good credit score, a job and good income, you can now use your creditworthiness to get a much lower interest rate with a private lender. Here are the best places to refinance a Parent PLUS loan. We encourage you to shop around for your best rate. As long as you do all of you shopping within one month, multiple credit inquiries will only count as one inquiry on your credit report.

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SHOWING 5 LOAN OFFERS

Sofi Parent Plus Loan

A+

Very Transparent

2.99%-
5.94%

Fixed APR

2.25%-
5.94%

Variable APR

No Max

Undergrad / Grad Max Loan

Fixed rates from 2.99% APR to 5.94% APR (with AutoPay). Variable rates from 2.25% APR to 5.94% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.11% APR assumes current 1 month LIBOR rate of 1.71% minus 0.15% margin minus 0.25% AutoPay discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Unlike Federal Parent PLUS loans, the SoFi Parent Loan is not discharged in the event of death or permanent disability of the borrower or the student on whose behalf the loan is taken out.

Laurel Road Bank Parent Plus Loan

A+

Very Transparent

20

Years

2.80%-
6.00%

Fixed APR

1.89%-
5.90%

Variable APR

Information Not Available

Undergrad / Grad Max Loan

Citizens Parent Plus Loan

A+

Very Transparent

2.99%-
6.19%

Fixed APR

1.99%-
5.94%

Variable APR

$500k / $500k

Undergrad / Grad Max Loan

Education Refinance Loan for Parents Rate Disclosure: Variable interest rates range from 1.99%- 5.94% (1.99%- 5.94% APR). Fixed interest rates range from 2.99%-6.19% (2.99% - 6.19% APR).... Read More

 
College AVE Parent Plus Loan

A+

Very Transparent

3.49%-
12.97%

Fixed APR

1.09%-
11.93%

Variable APR

Information Not Available

Undergrad / Grad Max Loan

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

2This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a first year graduate student borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.10% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $141.66 while in the repayment period, for a total amount of payments of $16,699.21. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 7/1/2020. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.

Sallie Mae Bank Sallie Mae Bank

A+

Very Transparent

10

Years

5.49%-
13.87%

Fixed APR

3.50%-
13.12%

Variable APR

Information Not Available

Undergrad / Grad Max Loan