5 Best Student Loan Refinance Companies Of 2019

Considering refinancing your student loans? Finding the right student loan refinancing company can save you thousands of dollars in the long run. Here are five things to look for when choosing the right company for you.

2019 Best Student Loan Refinance Services in America

5 Signs A Student Loan Refinance Company Is Right For You

So you’ve decided to refinance your loans but you're not sure which student loan refinancing company is the best fit. Before you make any decisions, make sure that you have found the best company for you. Below, we list five factors of all great refinancing services.


When you are looking into a student loan refinancing service, you want to be able to find as much information on the service as possible. Due to the competitive nature of loan refinancing and the ever-changing interest rates, many companies choose not to share their rates and terms on their website even though you can always call to inquire.

However, there are a few companies that will provide you with information such as interest rates, loan terms, and loan ranges. Some companies may also supply additional information like frequently asked questions and educational blogs.

When it comes to transparency, there are a few outstanding companies, including SoFi, Credible, and Earnest.

Pricing And Fees

This should be high on the list of requirements when you are looking to refinance and save money in the long run. Most student loan refinancing companies offer fixed and variable interest rates ranging from around 2.10% to 8.38%.

Additional Benefits

Reputable student loan refinancing companies often offer additional perks. For example, SoFi's extra benefits include exclusive networking events, feedback on your resume, salary negotiation tips, and career counseling. Many lenders like LendEDU even offer credit cards, personal loans, and educational blogs.

Time In Business

Although student loan refinancing is relatively new, longevity in this industry is a plus. SoFi was founded in 2011 and has been one of the frontrunners in the student loan refinance industry since. Other long-running competitors include Earnest in 2013 and LendEDU in 2014.

Customer Service and Reviews

Because refinancing plays a large role in your future finances, checking reviews can help you determine if a company and their customer service are right for you. The BBB, Trustpilot, Yelp, and Google reviews are good places to find the answers to the following questions:

  • Is this student loan refinance company easy to contact through phone, email, or live chat 24/7?
  • Do they respond quickly to any questions or concerns I may have?
  • Will they keep me updated if any changes occur during the refinancing process?
  • Do they have additional tools like educational blogs and resources to assist me in the future?

Picking the right refinancing company can ease the burden of paying off your student loans by saving you thousands of dollars in the long run, so be sure to take your time and do the research to find the right company for you.