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Student Refinance Loan

Student Refinance Loan

Take control of your student loan repayment by refinancing and consolidating

At a Glance

Take control of your student loan repayment by refinancing with DCU. Featuring a competitive interest rate and zero origination fees, our refinance loan can help you simplify your life while amplifying your funds.

Benefits

Manage your loan - by setting up one convenient payment.
Flexible repayment terms - to fit your needs.
Refinance and consolidate - your private and federal student loans (including PLUS loans) .
AS LOW AS
4.00% APR
RATING
2.5 2.5 / 5 stars

MAXIMUM AMOUNT

$125,000

Fixed Rate Student Refinance Loan Rates

The APR is fixed¹ for the life of the loan. The rate you receive depends on your credit qualifications and the repayment term you select. The current offered fixed rates are:

Repayment Term Repayment Term APR¹ APR¹
5-Year between 5.00% and 9.50%
10-Year between 5.50% and 10.00%
15-Year between 6.00% and 10.50%
Repayment Term Repayment Term APR¹ APR¹
5-Year between 5.00% and 9.50%
10-Year between 5.50% and 10.00%
15-Year between 6.00% and 10.50%

Rates are effective {currentdate}.

Important: Please remember that federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan, you will lose any federal benefits that may apply to you. Please review this important disclosure for more information.

¹APR = Annual Percentage Rate is is fixed and is based on your credit qualification and the repayment term you select. Your actual rate within the ranges stated will be disclosed upon approval. Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

All loans are subject to approval and restrictions may apply.

Repayment examples: Examples provided use highest current offered rate in effect for each repayment term and assume a constant interest rate on a $50,000 loan amount. 

  • 5-year loan term: with a 9.50% APR, the monthly payment will be $1,050.09. Finance charges will be $13,005.64.
  • 10-year loan term: with a 10.00% APR, the monthly payment will be $660.75. Finance charges will be $29,290.76.
  • 15-year loan term: with a 10.50% APR, the monthly payment will be $552.70. Finance charges will be $49,485.77. 

Variable Rate Student Refinance Loan Rates

The APR is variable¹ and is based on the Prime index² plus a margin³. The rate you receive depends on your credit qualifications and the repayment term you select. The current offered variable rates are⁴:

Repayment Term Repayment Term APR¹ APR¹
5-Year between 4.00% and 8.50%
10-Year between 4.50% and 9.00%
15-Year between 5.00% and 9.50%
Repayment Term Repayment Term APR¹ APR¹
5-Year between 4.00% and 8.50%
10-Year between 4.50% and 9.00%
15-Year between 5.00% and 9.50%

Rates are effective {currentdate}.

Important: Please remember that federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan, you will lose any federal benefits that may apply to you. Please review this important disclosure for more information.

¹APR = Annual Percentage Rate is variable, subject to increase after consummation, and may be adjusted quarterly based on the Index. Any increase in the Index may increase the APR and may increase the amount of your monthly payment. Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

²The "Index" for the quarter beginning October 1st, 2019, is 5.25%, which was the Prime index published in the Wall Street Journal on the first business day of September 2019. The interest rate will not exceed 18.00% regardless of the Index.

³Margin will be disclosed upon approval. This Margin is added to the Index to determine the calculated interest rate.

⁴Current offered rates are calculated using the Index, Margin, and Floor values in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval will depend upon the student borrower's and co-borrower's (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

All loans are subject to approval and restrictions may apply.

Repayment examples: Examples provided use highest current offered rate in effect for each repayment term and assume a constant interest rate on a $50,000 loan amount. 

  • 5-year loan term: with an 8.50% APR, the monthly payment will be $1,025.83. Finance charges will be $11,549.54.
  • 10-year loan term: with a 9.00% APR, the monthly payment will be $633.38. Finance charges will be $26,005.38.
  • 15-year loan term: with a 9.50% APR, the monthly payment will be $522.11. Finance charges will be $43,980.73.

Plan for Your Student Loan

Choose from our easy to use calculators to help you manage your student loan.

What Our Members Are Saying

Easy Application

RATINGS 5 5 / 5 stars

Competitive rates, easy application process. I refinanced and consolidated some of my students loans which saved me money and reduced the number of servicers I have to deal with.

Dennis45 - Nashua, NH

READ MORE REVIEWS

Easy to apply

RATINGS 5 5 / 5 stars

Quick processing and easy payment options and online access.

Jamie - Hookset, NH

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Loan

RATINGS 4 4 / 5 stars

Although, the rate was a bit higher than I would have liked in this economy as a member, the staff was kind and helpful in every way to make this loan possible for me with such short notice.

Yvette02 - Danvers, MA

READ MORE REVIEWS

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