Student Loan Refinancing
With a lower rate or a shorter term, you may be able to save thousands. Alumni and their families receive a special 0.25% rate discount.
Refinancing involves having a new lender pay off federal and private student loans and issuing a new loan at a potentially lower rate.
Alumni must apply through this website to access these benefits.
Our lending partner, Laurel Road, offers:
- Low rates: Low fixed and variable rates available across different loan periods
- No application or origination fees. No prepayment penalties
- Easy online application process: Check rate options in minutes and avoid all that paper
- Special medical resident and fellow terms: Pay one low monthly payment through residency or fellowship
- Autopay discount: Additional 0.25% rate discount when automatic monthly payments are made from a bank account
All credit products are subject to credit approval. Terms and conditions apply. Click here to learn more
Frequently Asked Questions
Who can refinance?
U.S. citizens or permanent residents with a valid I-551 form (“permanent green card”) are eligible to refinance student loans with Laurel Road.
- Working professionals:
- with four-year undergraduate and/or graduate degrees from Title IV accredited institutions
- who have an associate degree4 in designated professions
- Graduate students and undergraduates in the healthcare industry can refinance student loans as early as their final semester of school, provided they have a signed contract or letter of employment.
- Undergraduates with non-healthcare related degrees can refinance student loans after 12 months of employment following graduation.
- Medical interns, Residents, and Fellows who have matched.
- Parents who took out debt to finance their child’s education may also refinance. To be eligible for the Parent Student Loan Refinancing Program, the child must have attended a Title IV School, but does not need to have graduated.
Loan eligibility depends on lending criteria, such as your credit profile, monthly income, and monthly debt payments.
How to refinance your student loans
- Check rates. A soft credit pull will not affect your credit score.
- Apply. Upload your documents to finalize your rates.
- Comparison shop.
- If approved, choose your loan and e-sign.
Refinancing your loan could provide an opportunity to do one or more of the following:
- Lower your interest rate and save money
- Pay off student loans faster
- Lower monthly payments
- Change from a fixed rate to a variable rate, or vice versa
- Reduce the number of loans in repayment
Laurel Road is a digital banking platform, and brand of KeyBank, that provides tailored solutions to support the financial wellbeing of healthcare and business professionals. Laurel Road’s banking and lending solutions include student loan refinancing, mortgages, and tailored checking and savings accounts, and more.
In April 2019, Laurel Road became part of KeyBank, one of the nation’s largest bank-based financial services companies.
IMPORTANT INFORMATION: Please note that if you refinance qualifying federal student loans with Laurel Road, you may no longer be eligible for certain federal benefits or programs and waive your right to future benefits or programs offered on those loans. Examples of benefits or programs you may not receive include, but are not limited to, Public Service Loan Forgiveness, Income-driven Repayment plans, forbearance, or loan forgiveness. Please carefully consider your options when refinancing federal student loans and consult https://studentaid.gov/ for the most current information.
Laurel Road is a brand of KeyBank N.A. All products are offered by KeyBank N.A. Student loans ARE NOT FDIC INSURED OR GAURANTEED. ©2023 KeyCorp® All Rights Reserved.
KeyCorp® All Rights Reserved. Laurel Road is a federally registered service mark of KeyCorp. 3 Corporate Drive, 4th fl, Shelton, CT