Pay Less Interest

Student Loan Refinancing

Lower your monthly payment or pay off your student loan as fast as possible by refinancing with PenFed.

Fixed rates as low as % APR and Variable Rate as low as % APR.

 

Benefits of Refinancing

WHY SHOULD YOU REFINANCE?

save money

 

SAVE MONEY

Expenses come at you hard, be proactive by refinancing a high interest rate student loan.

simplify

 

SIMPLIFY

Refinance your federal, private, or parent student loans into one, simple PenFed loan.

Quick and easy

 

QUICK & EASY

Complete the online application. No fees or prepayment penalties.

cosigners and parents

 

COSIGNERS & PARENTS

Cosigners can improve your rate. Parents can refinance their loans too!

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Rates and offers current as . Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from % APR to % APR and Variable Rate range from % APR to %. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed % for 5 year and 8 year loans and % for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be %.

Chalmer Barker

Boise, ID

You're doing a good job. The vast majority of web sites are more difficult to navigate and use - some are impossible. Your web site, and the process, are very user friendly.

Dennis Willis

Wahiawa, HI

Customer services was excellent...and I deserve the best service.

George Ross

Colorado

I have been with Penfed for over 30 years and they continue to provide outstanding a timely service. Very customer facing!

Jennifer Olschefski

Pennsylvania

The membership process was done quickly, and was very easy to complete. Thank you for a wonderful experience, and I would highly recommend to family and friends.

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