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DCU Routing Number: 211391825

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Student Refinance Loan

Take control of your student loan repayment by refinancing and consolidating

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 APR¹
5-Year between 6.50% and 11.00%
10-Year between 6.75% and 11.50%
15-Year between 7.50% and 12.00%

¹Important: 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 January 1, 2023 is 7.00%, which was the Prime index published in the Wall Street Journal on the first business day of December 2022. 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. 

  • Variable 5 Year: Your estimated monthly payments are $1,087 and you will pay $15,227 in interest over the life of the loan.  
  • Variable 10 Year: Your estimated monthly payments are $703 and you will pay $34,357 in interest over the life of the loan.
  • Variable 15 Year: Your estimated monthly payments are $600 and you will pay $58,015 in interest over the life of the loan.

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 APR¹
5-Year between 7.50% and 12.00%
10-Year between 7.75% and 12.50%
15-Year between 8.50% and 13.00%

¹Important: 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 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. 

  • Fixed 5 Year: Your estimated monthly payments are $1,112 and you will pay $16,733 in interest over the life of the loan.
  • Fixed 10 Year: Your estimated monthly payments are $732 and you will pay $37,826 in interest over the life of the loan.
  • Fixed 15 Year: Your estimated monthly payments are $633 and you will pay $63,872 in interest over the life of the 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

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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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Contact Student Choice

Let's talk student loans.

Our partner, Student Choice, will help you explore your options and get answers to your questions.
Our partner, Student Choice, will help you explore your options and get answers to your questions.