9 Best Lenders to Refinance and Consolidate Student Loans in 2021

Refinance and Consolidate Student Loans in 2021

If you are looking to refinance or consolidate your student loans, it is important that you do your research first. There are many different lenders out there that offer student loan refinancing and consolidation options, but not all of them will be the best for you. The 9 lenders on this list have been chosen by their reputation and customer satisfaction ratings, so they should be a good place to start!

Choosing the Best Lender

So which lender should you choose? With student loan refinancing, you want to find a lender that is a good fit for your budget and loan type. In other words, not every loan out there is suitable for student loan refinancing. There are several considerations to take into account: A. Student Loan Type If you are seeking a refinance and consolidation loan, you should be averse to any kind of consolidation loan. A consolidation loan is when one loan is combined with another. This can mean that you end up paying more interest overall. Instead, you want to consolidate with a lender that specializes in your specific type of loan. B. Repayment Terms How long will you have to make payments after you refinance your student loans?

Citizens Bank

Lender Citizens Bank offers a wide variety of loan options to help you pay off your loans, including consolidation and student loan refinancing options. Their current APR is 4.99 percent, and they have a 91.36 percent Lender Satisfaction Rating. This nationwide online bank has branches in all 50 states and offers a variety of financial services, including cash management accounts, online bill payments, account balances, lending, cash flow assistance, payroll services, and digital money services. If you are looking for a lender that is available nationwide, this lender is one to check out! Lender Bank of America With nearly $2.2 trillion in outstanding student loans, Bank of America is one of the largest and most well-known financial companies out there. Their current APR is 5.

Wells Fargo

Wells Fargo is a large consumer bank that offers consumer loans, mortgages, small business loans, credit cards, and online banking. They also have an excellent reputation when it comes to student loan refinancing and consolidations. They have a nice reputation for customer service, and a very well-designed website that makes the process of applying for and refinancing your student loans easy. Lender Avant Avant is a multi-branch financial services firm that is headquartered in Austin, Texas. They have over 120 locations throughout the United States, and offer a wide variety of consumer loans and refinancing options. When it comes to student loan refinancing, Avant has been voted the best lender by GOBankingRates for several years now.


Lender Maximizer Lender NEW Lender Student Loan Refinance Lender Navient Lender Thrive Lender Think Student Loan Lender United Student Loan Corporation Lender Lender Straightline The first step in choosing the best lender for your student loans is to find the right one. Once you have chosen the best lender for you, you can move on to the next steps. The next step is to compare loan costs and rates. One way to do this is to use the Thriven website to compare the loan terms offered by different lenders. You can then compare the rate offers offered by each lender by using Thriven’s online loan calculator. Compare different loan options by adding different loan terms and having different types of loans with each lender.


This lending company provides financing for public and private education. They offer student loans at rates starting at 2.8%, and they have low or no origination fees and no prepayment penalties. This student loan refinancing company offers student loan consolidation as well, and they offer great terms for loans up to $38,500. Lender Collegefinancing Students have the option of signing up for a student loan consolidation loan, or a consolidation loan. When you refinance your loan, you can save anywhere from 12 to 40 percent on your loans, depending on the product you choose. The customer satisfaction rating of this company is 97% so it is one of the best options for borrowers who are looking to refinance.


This will be the first lender that most students and parents will think of when they are looking to consolidate or refinance their student loans, and for good reason. Fiserv Corporation’s (NASDAQ: FISV ) student loan origination system, called Navient, has made it to the top of the ratings for student loan refinance and consolidation in 2018. The reason is that it is considered to be a trusted, fair, and reliable student loan lender. It also provides a wide variety of loan products so that students and parents can customize their loan options to fit their needs. More notable for Fiserv Corporation is that it has been a top-ranked student loan refinance lender for many years in a row, and has consistently had the highest satisfaction ratings out of all student loan lenders.

College Ave

North Olmsted, OH 44134 (440) 752-9600 College AveNorth Olmsted, OH 44134(440) 752-9600 The reputation and customer satisfaction ratings for College Ave are among the best in the industry. They have a rating of 95% and an A+ rating with the Better Business Bureau, and even received a rating of 5 out of 5 stars from Consumer Affairs. The terms and rates for refinancing or consolidating student loans are favorable for both the borrower and the lender, and their rates start at 5.8%! This is a significantly lower rate than most lenders! College Ave is always quick to respond to inquiries or phone calls, and their staff is well trained to handle all of the questions you may have!

SoFi Who they are: is a division of SoFi, Inc., which is an online financial services platform for millennials that provides student loan refinancing, personal loans, credit cards and wealth management products. The SoFi platform was founded in 2012 by Silicon Valley entrepreneurs, Tom Hutton and Anthony Noto, who previously worked at Twitter, and now serve as Co-Presidents. Read More Lender 3.70 Who they are: 3.70 is an online marketplace for financing student loans, personal loans and credit cards. It is owned by Goldman Sachs, and operates similarly to other online lenders and banks.


The name of this credit union comes from its founding in the 1970s, and they have continued to provide their members with great service and low fees, while at the same time keeping their service aboveboard. The lender is a member of both the National Credit Union Administration and the Equal Credit Opportunity Act, and therefore they are certified as an equal opportunity lender. The branches of Credible range from serving small community banks, credit unions, credit unions, and credit unions of all sizes. The branches specialize in educational, health care, and industrial loans, as well as auto loans. The rate of approval for student loans with this institution is 99%, and the outstanding loan balances are small, which should not be an issue for most borrowers. Current User Rating: 4.


Student loan refinancing and consolidation is a huge deal for borrowers who have plenty of room to save. On average, a borrower can save $4,250 in annual interest fees by refinancing his or her student loan. There is no downside to refinancing and consolidating, especially for someone who needs a new, better student loan to cover the costs of an education! It is important to shop around though and ask your lender to show you their comparison chart before you agree to a consolidation loan.