Are student loans
getting you down?

CAP has ways to lift you up! Connect with a CAP partner to refinance now with special rates.

You shouldn’t have to pay huge student loan bills for the rest of your life. Refinancing your student loans can be a great way to lower your monthly payment and build your personal savings.

Rise above
student loans

Refinancing can save you money and help jump-start your dreams.

Start saving

Don’t waste another minute (or another dollar). It’s fast and easy – and it’s about time.

Student loan
refinancing 101

A quick guide to lower rates, bigger savings, and greater financial freedom.

Every 1 in 4 students is at least, a month behind on their federal student loan payments. It’s time to find options.

What does it mean to refinance loans?

Refinancing involves repaying an older debt by taking on a new loan. Usually this is done to lower the monthly payment or reduce the interest rate. Do research before refinancing federal student loans and giving up the associated benefits.

What steps should you take?

Determine whether you qualify for refinancing

If you recently graduated, do not have a job, or are thinking of changing jobs soon, we recommend keeping your existing federal loans until you stabilize your employment situation. Federal loans often have generous repayment options available. However, if you have good credit, a good job, and a secure financial situation, and you are seeking to eliminate your student loan debt as quickly as possible, we recommend examining refinancing as a viable option. Learn the difference between refinancing and consolidation.

Find a lender

The lenders we recommend are credible companies with an easy refinancing process, no application or disbursement fees, and the ability to refinance private and federal student loans. However, not all lenders are alike. Our recommended lenders offer competitive interest rates to our clients who meet the minimum requirements.

Determine how much money you can repay per month

Interest rates are typically higher for longer repayment terms, but monthly payments are higher for shorter terms. The big question is, how much can you afford per month? Answering this question can help you decide how long you want to be repaying your loans. If you have the ability to pay a larger monthly payment, choose a shorter repayment period. As an example, the monthly payment may be higher for a 5-year loan, but you could save almost $10,000 in interest over the life of the loan. Still not sure, use this Loan Repayment Calculator.

Choose a fixed or variable interest rate

With a fixed interest rate, your rates will not change over time. A variable interest rate can change over the life of the loan. Fixed interest rates are generally higher in the short term than variable rates, but if variable interest rates remain low over time, there is the potential for saving money. There are pros and cons to both types of interest rates, so talk with your lender about which is best for you.

Consolidate or Refinance?

Should you consolidate or refinance?

Loan FAQs

Find answers to your frequently asked loan questions!

A Comprehensive Glossary of Loan Terms

Need help refinancing?

Our qualified team of experts will find the best rate and determine your best options. Our refi service will save you time, stress & money.


Let us de-mystify financial aid for you!