Refinance Your Student Loans
Not happy with your current student loans? We can help. Refinance a single federal, private, or PLUS education loan, or combine multiple loans into a new refinance loan with EdvestinU.

Simplify your finances, reclaim your future
Combining multiple student loans into one refinanced loan can help reduce and simplify your monthly payments and even potentially lower the total cost of your loan. Sign up for automatic debit and lower your interest rate further. EdvestinU has multiple term options for you with no application or origination fees.
U.S. citizens or permanent resident students: State residency restrictions apply. Visit our State Eligibility page to see a listing of currently eligible states.
What is refinancing, and is it right for you?
Refinancing is a chance to “trade in” your current student loan or loans for a new one, with new terms that may better fit your needs. EdvestinU Refinance Loans allow borrowers to refinance both federal and private student loans into one single new loan with a new interest rate and repayment term. An EdvestinU Refinance Loan can potentially lower a borrower’s monthly payment by reducing their interest rate and/or extending the repayment term of their loan. However, extending a repayment term will typically result in a higher total cost of a loan. Additionally, refinancing a federal loan means forfeiting the benefits associated with federal loans. We encourage you to speak with your federal loan servicer and research the options on the studentaid.gov website before choosing an EdvestinU Refinance Loan.
Refinance Campaign Video
Loan Application Process
- .01
Start the loan process
Click ‘Get Started’ to pre-qualify and receive custom rates in under 3 minutes without affecting your credit score.4 - .02
Complete the application
Review the loan details and complete the secure online application. (This may affect your credit score.)4 - .03
Upload documentation
Upload required loan documentation to your account. - .04
Customize and sign
Review your rates, configure your loan terms, and sign loan documentation. - .05
We take care of the rest
Once all paperwork is signed, we’ll issue a payoff for your existing loan servicer(s) and issue one new student loan.


Sample Refinance Loan Rates & Terms
The tables below show you how much a $10,000 private student loan would cost in different scenarios with fixed and variable interest rates. These tables include EdvestinU’s optional .25% automatic debit discount, which borrowers can enroll in upon entering repayment. Notice how a loan’s rates and terms affect the monthly payments and overall cost.
Fixed Interest Rates
Fixed interest rates effective 6/6/23Term | Interest Rates | Annual Percentage Rate (APR) | Monthly Payments | Total Cost of $10,000 Loan |
---|---|---|---|---|
In Years | Low – High | Low – High | Low – High | Low – High |
5 Years | 6.00% – 8.37% | 6.000% – 8.370% | $194.49 – $205.74 | $11,588.34 – $12,255.35 |
10 Years | 6.40% – 8.87% | 6.400% – 8.870% | $114.31 – $127.33 | $13,504.95 – $15,020.01 |
15 Years | 6.50% – 9.02% | 6.500% – 9.020% | $88.49 – $103.04 | $15,513.85 – $17,990.28 |
20 years | 6.75% – 9.37% | 6.750% – 9.370% | $77.53 – $94.00 | $17,870.32 – $21,462.90 |
Variable Interest Rates
Variable interest rates effective 12/1/2023Term | Interest Rates | Annual Percentage Rate (APR) | Monthly Payments | Total Cost of $10,000 Loan |
---|---|---|---|---|
In Years | Low – High | Low – High | Low – High | Low – High |
5 Years | 8.05% – 8.80% | 8.050% – 8.800% | $204.20 – $207.83 | $12,163.96 – $12,378.56 |
10 Years | 8.55% – 9.30% | 8.550% – 9.300% | $125.60 – $129.67 | $14,818.77 – $15,292.86 |
15 Years | 8.70% – 9.45% | 8.700% – 9.450% | $101.13 – $105.63 | $17,666.58 – $18,429.29 |
20 years | 9.05% – 9.80% | 9.050% – 9.800% | $91.91 – $96.83 | $21,014.43 – $22,073.33 |
Why Choose EdvestinU?

Nonprofit
Our student loans are funded by a nationally recognized nonprofit provider.

Focused on You
We’re fully focused on serving the needs of hard-working college students across the U.S.

Want to talk through your loan options?
Schedule a free consultationStrategic Partnerships
As a lender of private student loans, Granite Edvance Corporation has established strategic partnerships to provide you with an optimal borrowing experience. One of those partnerships includes our loan originator Campus Door who partners with Sparrow for the online loan application process.
What people say about us
Tens of thousands of people have entrusted us with their student loans. Many borrowers have praised our friendly team and easy application process.
Apr 04, 2023
We have been using EdvestinU for many years and children now and always found the process to be
smooth. They keep you informed of the progress from application to disbursement. Always helpful for
calls too!