10 Best Student Loan Refinance Companies


August 31, 2020

By Joseph Reinke, CFA, Founder of FitBUX

Our student loan planning experts have helped FitBUX Members manage and eliminate over $1 billion in student loans.  In doing so, we’ve helped them find the best student loan refinance companies as part of our free student loan refinance service.

Therefore, we have developed good relationships with multiple student loan refinance companies. In addition, we have been able to “weed out” the ones that we don’t think can benefit our Members and/or those that we’ve received a lot of complaints about.

Below is list of the 10 best student loan refinance companies that FitBUX has chosen to partner with. For more information, you may click on each one for an in-depth review.

Also, we’ve broken down a handful of specific categories and ranked companies within those categories. Thus, you can find one that best suits your situation.

Table Of Contents

  1. 10 Best Student Loan Refinance Companies: Overall Ranking

  2. 3 Best Student Loan Refinance Companies: By Category

  3. Best Student Loan Refinance Rates

  4. How The Best Student Loan Refinance Companies Are Chosen

  5. FitBUX’s Unique Approach To Working With The Best Student Loan Refinance Companies

  6. More Student Loan Refinance Articles

10 Best Student Loan Refinance Companies & Reviews

1. Splash Financial

GET YOUR RATE  >

Splash Financial consistently has good rates, if not the best rates, in the industry. They also have some of them most lenient qualification standards of all the companies, i.e. they are one of the easiest to qualify for a loan.

SPLASH FINANCIAL REVIEW >

2. Earnest

GET YOUR RATE  >

Earnest has the best technology in the industry. They are the fastest student loan refinance company in the industry.  Check out an in-depth review of Earnest by clicking the button below.

EARNEST REVIEW >

3. Commonbond

Commonbond Student Loan Refinance

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Commonbond is one of the best student loan refinance companies to work with. However, they have more stringent qualification standards than other companies. Therefore, they have good rates… if you can qualify. Check out an in-depth review of Commonbond by clicking the button below.

COMMONBOND REVIEW>

4. Education Loan Finance

Education Loan Finance

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Education Loan Finance, a.k.a. ELFI is one of FitBUX’s newer partners.  We have a great relationship with them and so far they have been extremely competitive with rates.

ELFI REVIEW >

5. LendKey

LendKey Student Loan Refinance

GET YOUR RATE  >

LendKey shops over 275 credit unions and community banks. They won FitBUX’s 2019 award for best customer service.  Check out an in-depth review of LendKey by clicking the button below.

LENDKEY REVIEW>

6. Laurel Road

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Definitely check them out if you are in the healthcare industry  However, Laurel Road does not consistently have rates that are competitive with the other lenders.

Check out an in-depth review of Laurel Road by clicking the button below.

LAUREL ROAD REVIEW>

7. SoFi

GET YOUR RATE  >

SoFi won FitBUX’s 2019 award for being the best marketing student loan refinance company. They have some of the best technology and are quick to fund loans.  However, less than 1% of the time they have had the best rates for FitBUX Members relative to our other partners. Check out an in-depth review of SoFi by clicking the button below.

SOFI REVIEW >

8. College Ave

College Ave Student Loans

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College Ave is a recent addition to our platform. They originally had a poor application process but has since launched new technology. We are excited because they offer great in-school loans. Therefore, we are anxious to see what type of refinance rates they offer.

College Ave >

9. Thrivent

GET YOUR RATE  >

Thrivent’s management team has years of industry experience. We expect to see good things coming soon.  Check out an in-depth review of Thrivent by clicking the button below.

THRIVENT REVIEW>

10. Brazos Student Loans

Brazos Student Loans

GET YOUR RATE  >

Brazos is a new partner. They only lend to residents of Texas.  However, if you live in Texas, we’ve heard they have good rates.

Brazos Review Coming Soon!

Student Loan Refinance Giveaway

3 Best Student Loan Refinance Company By Category

Having helped thousands of FitBUX members and thanks to our long-lasting relationships with our partners, here is a quick summary of our findings. Of course, each situation is different, but this is a great place to start. This list was last updated in February 2020

Most Competitive Rates

  1. Splash
  2. Earnest
  3. Education Loan Finance 

Best for High DTI Ratios

  1. Earnest
  2. Splash
  3. Lendkey

Best for Lower Credit Scores (sub 700)

  1. Earnest
  2. Lendkey
  3. Laurel Road

Easiest Application Process (time, ease of use)

  1. Earnest
  2. CommonBond
  3. SoFi

Best for Borrowers needing a “non-spouse” cosigner

  1. Splash
  2. Lendkey
  3. Education Loan Finance

Best for Spousal Cosigners

  1. Splash
  2. Laurel Road
  3. Thrivent Financial

Greatest Options/Customization

  1. Earnest
  2. Splash
  3. CommonBond

Most Innovative

  1. Earnest
  2. Splash
  3. CommonBond

Most Comprehensive for Complex Situations

  1. Splash
  2. Laurel Road
  3. CommonBond

FitBUX's Free Student Loan Refinance Service

Best Student Loan Refinance Rates

Below are rates that we are “typically” seeing right now for those applying without a co-signer.  By “typically” I am referring to what you can actually expect to receive not the ultra low rates that all the student loan refinance companies advertise.

5 Year Fixed Rate Loan: 3.0%

10 Year Fixed Rate Loan: 3.8%

15 Year Fixed Rate Loan: 4.1%

20 Year Fixed Rate Loan: 4.7%.

How The Best Student Loan Refinance Companies Are Chosen

We want Members of FitBUX to have a good experience. Therefore, we look at a number of factors when determining the best student loan refinance companies.  Below is a brief list of the factors we take into account:

  1. Technology Platform: How easy is it for people to get a quote, complete an application, and get their loan funded?
  2. Rates Stability: We want to make sure what you interest rate you are quoted is the same rate at the end of the process. I.e. the lender doesn’t quote you something good then increase your rate at the end.
  3. Quality of Customer Service: This is key during the application process as well as after the loan is completed.
  4. Product Availability: We want to make sure we have a lender that can service you. Therefore, we don’t include anyone that is geographically limited.
  5. Ease of Interaction: To make the end to end process as smooth as possible for FitBUX Members, we try and communicate with the company directly. However, due to legal restrictions, there may be instances where a FitBUX Member has to join a 3-way call with us and the lender. Some companies are better than others when it comes to this.
  6. Rates Competitiveness: We want to make sure that our refinance partners offer the most competitive interest rates in the market. We also have a few partners that will compete against each other if the situation is right.

Please note that there are student loan refinance companies that we’ve partnered with that we decided to no longer work with.  Some have really big names, others are small companies who are struggling with development. Either way, our Members have tended to have bad experiences with these companies or they don’t meet our requirements above. Therefore, if you don’t see a company on our list, chances are we know who they are and have decided not to work with them.  You are more than welcome to ask your FitBUX Coach about these other companies.

FitBUX’s Unique Approach To Working With The Best Student Loan Refinance Companies

The primary thing we want all our Member’s to know…We work for you not the lender!  Our approach is unique in two ways: First, we help you determine whether refinancing is right for you and whether you should be using our free student loan refinance service. Your FitBUX Coach will help you:

  1. Analyze your situation, crunch numbers for you, and help determine if refinancing is right for you,
  2. Find the best student loan refinance company for your situation,
  3. Help you choose the right loan product,
  4. Help you throughout the process should you need it, and
  5. Call your old lender with you should they not allocate the funds correctly or make other mistakes along the way.

Second, we have a truly unbiased approach.  I have spent a lot of time in the finance world and have personally witnessed “financial professionals” simply push certain products that pay them the most.

My personal goal is to avoid that at FitBUX.  All of our student loan refinance partners pay us when you refinance.  However, your FitBUX Coach does not know which company pays us more relative to other companies.  In addition, your FitBUX Coach is a salaried employee and does not get paid on commission.  Therefore, they have zero to gain or lose based on if you refinance or not. We truly have your best interest in mind. Period.

We know that finding a student loan planner is hard. Our FREE student loan planners have helped thousands of Young Professionals manage and eliminate over $1 billion in student loans. We help you develop your plan for free because planning your financial future should not cost you your financial future. If you are looking for free expert help with your student loans, be sure to check out FitBUX’s free student loan refinance service.


Below are student loan refinance articles that we recommend to read:

Also, if you are pursuing student loan forgiveness via an Income-Based repayment plan, do not refinance!

FitBUX student loan help, Student Loan Consolidation, Student Loan Refinance, Student Loan Repayment, Student Loans
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