a man and woman looking at a laptop

Refinance Student Loans

Refinance existing student loans to lower or reduce monthly payments.

Apply Now

Refinance Student Loan Rates as low as

APR Effective 12/1/2025*

6.99
%
APR

Student Refinance Loan

Fixed Rate

6.99
%
APR

Parent Refinance Loan

Fixed Rate

*See important information about rates, fees and other costs

Apply Now

Why Refinance Your Student Loans?

Refinancing student loans is a good option for graduates who are interested in consolidating multiple loans into one monthly payment. With a fixed rate and terms to meet your needs, refinancing your loans may help lower your monthly payments. Parent borrowers who have taken out loans for themselves on behalf of their children could also benefit from consolidating their loans.

Features and Benefits

  • Flexible repayment terms.1
  • 0.25% APR discount when you're enrolled in automatic payments.2
  • Cosigner release option after 24 months — see below for details.3
  • If rates decrease you can refinance to a new lower rate. Apply for a new loan easily through the account portal.
  • No origination fee and no repayment penalty.

Eligibility

There are a few eligibility requirements you must meet to apply to refinance your student loans through BECU.

  • Have a BECU membership (it's free to join).1
  • You must have graduated from an eligible school.
  • You are a legal adult in the state where you reside (age 18 in most states).
  • Have a valid Social Security number (SSN); U.S. citizenship is not a requirement.5
  • If you're applying with a cosigner, your cosigner must have a valid SSN. U.S. citizenship is not a requirement.5
  • Parents are also eligible to refinance federal ParentPlus or private student loans.

Cosigner Information

  • Approximately 43% of refinance loans have a cosigner.
  • Cosigners aren't required, but applying with a cosigner could help you secure a lower monthly payment.
  • Cosigners release is available after 24 on-time, consecutive payments.
  • Primary borrowers need to start the application before adding a cosigner.

Manage Existing BECU Student Loans

Frequently Asked Questions

  • You can refinance federal loans (government loans) and private loans (loans from BECU or another financial institution).
  • Eligible federal student loans include Federal Stafford, Federal Direct, and Grad PLUS Loans, as well as any private student loans in your name.
  • Eligible guardian loans include Federal PLUS Loans and Private Parent Loans taken out for a child, as long as the parent or guardian is the primary borrower on all loans being consolidated.

Please note that if you decide to combine and refinance federal loans through a private lender, you may not be eligible for forgiveness and repayment options that are exclusively available to federal loans. Visit studentaid.gov for more information.

  • Graduates of undergraduate programs: $10,000 - $100,000.

  • Graduates of graduate programs: $10,000 - $125,000.

  • Parents of graduates (either program): $10,000 - $125,000.

No. Your private student loan(s) will be serviced by LendKey, our trusted student loan partner. LendKey connects borrowers with private student loans and refinanced student loans from credit unions and community banks.

While you may choose to be the sole applicant on a loan, a creditworthy cosigner might help increase your approval odds and may even result in a lower interest rate. After 24 months of timely payments, most borrowers become eligible to remove their consigner from their loan.

Visit LendKey to access your account and make payments.

A fixed interest rate doesn't change. A variable interest rate can increase or decrease depending on the current economy.

A fixed rate may be right for you if:

  • You prefer the predictability of a stable interest rate.

  • The current rate environment is low.

  • You prefer to pay the same amount each month.

A variable rate may be right for you if:

  • Current interest rates are higher.

  • Your budget can withstand potential changes in the market – both high and low.

  • You expect to pay off your loan quickly, and changing rates won't significantly affect you long-term.

  • Private student loans are credit-based loans for college that are used to pay for qualified educational expenses including tuition, room and board, books and other school-related costs. They are offered by private lenders.
  • Federal student loans are offered by the government and include fixed interest rates.

If you're experiencing financial hardship, there are many resources to help.

  • Contact your loan servicer as soon as possible to discuss available options.
  • LendKey borrowers: Contact LendKey to see if there are options for you and your unique situation. If you have a BECU student loan originated prior to 2018, contact UAS Connect.
  • For federal student loan borrowers, contact your servicer to see if you're eligible for federal programs like Fresh Start, forbearance and deferment options, or an income-driven repayment (IDR) plan.
  • Take advantage of BECU's free debt management and financial counseling sessions available through GreenPath.
  • For information about federal student loans, including benefits, debt forgiveness and repayment options, visit studentaid.gov.

Related Content

1Rates are based on an evaluation of credit history and other factors specific to your loan (such as loan term and loan amount) and may be higher than the lowest rates advertised. Your final APR may differ from your loan interest rate due to additional fees that may apply. Advertised APR in effect as of 07/01/2025 and is based on excellent credit. Actual APR will be based on applicant creditworthiness and loan term and may be higher than the lowest rate advertised above. Loan program offered including rates, terms, and conditions are subject to change without notice.

2All rates shown include the automatic payment discount of 0.25%. If the automatic payment is canceled any time after enrollment, the rate reduction will discontinue. This rate reduction may be suspended during any period of forbearance or deferment.

3Primary borrower may apply to remove cosigner after 24 on-time payments of principle and interest during the repayment period, subject to credit approval and other underwriting criteria.

4Member Share, Member Advantage, or Early Saver savings account required to establish membership; not everyone will qualify.

5On the LendKey application site, you'll be asked to indicate your citizenship status (citizen, resident, nonresident). Your response will not affect your eligibility to refinance student loans with BECU, but you must select an option in order for your application to be processed.