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 the 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.

Editorial Disclaimer: The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities. Some of the offers below are from our partners.

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SHOWING 6 LOAN OFFERS

Sofi Parent Plus Loan

A+

Very Transparent

3.89%-
7.62%

Fixed Rate

2.50%-
7.12%

Variable Rate

No Max

Undergrad / Grad Max Loan

Fixed rates from 3.890% APR to 7.624% APR (with AutoPay). Variable rates from 2.500% APR to 7.115% 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 2.500% APR assumes current 1 month LIBOR rate of 2.50% plus 0.04% 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

3.50%-
7.02%

Fixed Rate

2.50%-
6.65%

Variable Rate

Information Not Available

Undergrad / Grad Max Loan

Sallie Mae Bank Sallie Mae Bank

A+

Very Transparent

10

Years

5.49%-
12.87%

Fixed Rate

5.74%-
12.37%

Variable Rate

Information Not Available

Undergrad / Grad Max Loan

Citizens Parent Plus Loan

A+

Very Transparent

5.74%-
8.56%

Fixed Rate

5.45%-
8.77%

Variable Rate

$350k / $350k

Undergrad / Grad Max Loan

Parent Loan Rate Disclosure: Variable rate, based on the one-month London Interbank Offered Rate ("LIBOR") published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of April 1, 2019, the one-month LIBOR rate is 2.50%. Variable interest rates range from 5.45%-8.77% (5.45%-8.77% APR) and will fluctuate over the term of the loan with changes in the LIBOR rate, and will vary based on applicable terms. Fixed interest rates range from 5.74%-8.56% (5.74%-8.56% APR) based on applicable terms. Lowest rates shown are for eligible applicants, require a 5-year repayment term and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of the loan.... Read More

College AVE Parent Plus Loan

A+

Very Transparent

15

Years

6.62%-
11.56%

Fixed Rate

5.34%-
10.16%

Variable Rate

Information Not Available

Undergrad / Grad Max Loan

Digital Federal Credit Union (DCU) Digital Federal Credit Union (DCU)

B

A little complex

15

Years

5.99%-
N/A

Fixed Rate

Variable Rate

Not Available

Information Not Available /$100k

Undergrad / Grad Max Loan

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