Review your loan documentation for total cost of your refinanced loan.Īnnual Percentage Rate (APR) shown are as of Septemand subject to increase without notice.

Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Savings vary based on rate and term of your existing and refinanced loan(s). Please carefully consider your options when refinancing federal student loans and consult for the most current information. Examples of benefits or programs you may not receive include, but are not limited to, student loan debt relief or public service loan forgiveness, repayment options such as Income Based Repayment or Pay As You Earn, or COVID-19 relief benefits such as a 0% interest rate, suspension of payments or loan forgiveness. Please note that if you refinance qualifying federal student loans with Laurel Road, you may no longer be eligible for certain benefits or programs and waive your right to future benefits or programs offered on those loans. For more information, please read the announcement. Department of Education recently announced a student loan debt relief plan which includes forgiveness of up to $10,000 for qualifying federal student loans and up to $20,000 for qualifying Pell Grant recipients. All credit products are subject to credit approval

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