Student Loan Refinancing

When you refinance your current student loan(s) you could potentially:
  • • Lower your payments
  • • Consolidate multiple loans
  • • Pay off your loan faster

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Have a current student loan or application in progress with Student Choice? Log in here.

Take control of your student loan repayment

FourLeaf has partnered with Student Choice, a student loan marketplace dedicated to providing refinancing options for students. Explore tailored student loan refinancing options and rates through FourLeaf's partnership with Student Choice.

Flexible repayment

Great rates, flexible terms
Choose from a variety of competitive rates and repayment terms that fit your needs.

Refinance and consolidate

Consolidate for one payment
Combine your private and federal loans (including PLUS loans) into one easy-to-manage loan.

one convenient payment

Apply online
Find your rate and apply online in minutes.

Student loan
refinance rates

Can student loans be refinanced at a lower rate? Explore our credit union's student loan refinance options featuring competitive interest rates tailored to suit your financial circumstances. With multiple fixed-rate terms available, you can select the repayment plan that best aligns with your budget and long-term financial goals.

FIND YOUR RATE

How Does Refinancing Student Loans Work?

Refinancing student loans with FourLeaf Federal Credit Union involves consolidating existing loans into a new loan with potentially lower interest rates and better terms. Through a simple application process, borrowers can apply for refinancing tailored to their financial situation. Once approved, FourLeaf pays off the existing loans, and borrowers make payments to FourLeaf at the new rate and term. Refinancing student loans with FourLeaf offers the opportunity to simplify payments and potentially save money over the life of the loan.



Student Loan Refinancing FAQs

What are the borrowing limits? What will my rates be?

The minimum refinance loan amount is $5,000. The maximum loan amount will be $100,000. Make sure to review your existing loans carefully so that you borrow the exact amount you need. Rates are determined on an individual basis. For more information please visit the Student Choice website.

What types of loans can I refinance?

All loans being refinanced must be post separation from school.

Federal Education Loans:

  • Federal Family Education Loan Program (FFELP)
  • Subsidized or Unsubsidized (aka Stafford Loan)
  • Grad or Parent PLUS William D. Ford Direct Loan Program Subsidized or Unsubsidized (aka Direct Stafford Loan)
  • William D. Ford Direct Loan Program Undergraduate, Grad or Parent PLUS
  • Perkins, Nursing or Health Education Assistance (HEAL)
  • Consolidation

If you choose to refinance a federal loan, you will lose federal student loan benefits such as income driven repayment or loan forgiveness options that may be available on your current federal loan(s). In addition, federal student loans offer deferment and forbearance options that may not be available to you if you take out a private refinance loan. You may qualify for a Federal Direct Consolidation Loan. For additional information about a consolidation option for federal loans, contact the Department of Education at: studentaid.gov. See disclosures for more details.

Private Education Loans:

  • Undergrad
  • Graduate
  • Consolidation

Institutional Education Loans:

  • Undergrad
  • Graduate
  • Consolidation

Do I need to be a member of FourLeaf Federal Credit Union in order to be eligible? Does my cosigner (if applicable) need to be a member?

Yes. In order to fund the loan, the borrower must be a member of FourLeaf Federal Credit Union by opening a $5.00 savings account. If there is a cosigner, they do not need to be a member.

Can my spouse and I refinance our individual student loans together?

No, individuals may not refinance loans together.

What is the difference between consolidation and refinancing?

Consolidation means you are simply combining existing loans. Your total payment amount and total interest will likely remain the same, but you'll have the convenience of making one payment rather than multiple payments. This type of loan is usually associated with federal government student loans.

When you refinance, you are taking out a single new loan to pay off your old ones. You'll probably have a new interest rate, new terms, and a different monthly payment amount. This is the loan solution offered by your credit union.

How can I learn more about the loan options and rates?

For more information please visit the Student Choice website.

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Is student loan refinancing right for you?

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Important: Please remember that federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan, you will lose any federal benefits that may apply to you. Please review this important disclosure for more information.

All loan terms are subject to credit and loan program requirements. Rates, loan programs, terms, and conditions are subject to change without notice. Other restrictions and limitations may apply. Credit products require membership at or prior to consummation. To obtain a loan, membership at FourLeaf is required, which is subject to approval and requires opening a $5.00 savings account at or prior to loan consummation. Must be a US citizen or permanent resident alien.

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