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Credible student loan refinancing review

Student loans can become a burden if you're paying high interest.

  • Best for borrowers who want to get connected to the best offers with just one online form.
  • Pick something else if you want to keep your federal loan benefits.

1.80% to 7.74%



Max. Loan Amount

Good to excellent credit

Min. Credit Score


Product NameCredible Student Loan Refinancing
Minimum Loan Amount$5,000
Max. Loan AmountNone
APR1.80% to 7.74%
Interest Rate TypeVariable
Minimum Loan Term5 years
Maximum Loan Term20 years
Requirements$5,000+ of student debt from a qualifying US educational program, 18+ years old, US citizen or permanent resident — or have a cosigner that meets this criteria
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Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

Credible is ideal for graduates looking to refinance their student debt who don’t have the time to sift through dozens of providers. With just one online form, you can get connected to lenders in its network you qualify with — saving you sweat and tears. Plus, you can bring on a cosigner if you want to qualify for the best rates. You don’t even need to have completed your degree to qualify — something you can’t say about many other lenders.

However, if you plan on refinancing your federal loans, be aware that you’ll lose the benefits that come with them — such as income-based repayments and loan forgiveness. And since Credible isn’t a direct lender, dealing with any loan disputes through them can be frustrating. If you don’t want extraneous layers of communication when refinancing, consider looking elsewhere.

Want to explore other credible options? Check out our list of other student loan refinancing providers that might be a better fit for you.

What makes Credible student loan refinancing unique?

Credible isn’t a direct lender, but a marketplace. The benefit for you is some time saved in applying for refinancing. With one form, you’ll get prequalified rates from multiple lenders instantly.

What is Credible student loan refinancing?

Loan rates and terms through Credible vary based on the lender you prequalify with. All participating lenders can refinance federal and private loans, and most can refinance Parent PLUS Loans that were used to fund approved US undergrad and graduate programs.

However, there are a few restrictions to be mindful of. You need to have at least $5,000 in student loan debt to qualify. And you’ll also need to be at least 18 years old and a US citizen or permanent resident — or have a cosigner that meets this criteria.

What are the benefits of Credible student loan refinancing?

  • No origination and repayment fees. One fee that you’ve probably seen when comparing loans is an origination fee. If you get a loan with any of the providers through Credible you won’t pay an origination. You also won’t get slammed for making extra repayments, which could save you hundreds of dollars in interest.
  • Cosigners allowed. If your credit less than perfect or you otherwise don’t completely qualify on your own, you can apply with a cosigner. You can also check your rates with multiple cosigners to see which one helps you get the best deal.
  • Multiple lenders. Submitting one form will get you prequalification results from multiple lenders at once. This can save you time and frustration by avoiding having to input the same information on multiple websites.
  • No degree required. You can find a lender through Credible even if you didn’t finish your program.

What to watch out for

Credible is a handy tool to save time, but it’s not flawless. While some of these drawbacks are generally applicable to any privatization of federal loans, there are also some more general drawbacks.

  • Loss of federal benefits. Federal loans carry certain benefits. Some of those benefits, like income-based repayment plans, won’t transfer if you refinance privately. While some lenders may offer similar benefits like unemployment protection, it’s not a guarantee. You may want to check with any potential providers before you accept an offer.
  • Middle man. Sometimes less is more. Dealing with an intermediary to get a problem fixed can be frustrating and time-consuming, no matter how good the service is.
  • Prequalification does not mean guarantee. If you have a change of circumstances that impacts your credit profile between the time you checked your rates and apply for the loan, you may not get approved. When you’re looking over the initial offers presented by Credible, keep in mind you may need to have a backup or two ready.
  • Limited selection. Getting your information to multiple providers at once is a timesaver, but there are many more lenders out there than those in Credible’s network. It may be beneficial to compare other student loan providers to get a rounded picture of how competitive offers can be.

Compare more student loan refinancing providers

Explore your options by APR, minimum credit score, loan amount and loan term. Select the Get started button to start an application with a specific lender.

Name Product APR Min. Credit Score Loan amount Loan Term
Purefy Student Loan Refinancing (Variable Rate)
1.88% to 5.54%
$5,000 - $300,000
5 to 20 years
Refinance all types of student loans — including federal and parent PLUS loans.
Credible Student Loan Refinancing
1.80% to 7.74%
Good to excellent credit
Starting at $5,000
5 to 20 years
Get prequalified offers from top student loan refinancing providers in one place.
SoFi Student Loan Refinancing Variable Rate (with Autopay)
1.74% to 7.24%
Starting at $5,000
5 to 20 years
A leader in student loan refinancing, SoFi can help you refinance your loans and pay them off sooner.
Splash Financial Student Loan Refinancing
1.74% to 7.49%
Starting at $7,500
5 to 25 years
Save on your student loans with this market-leading newcomer.
Education Loan Finance Student Loan Refinancing
1.86% to 6.01%
Starting at $15,000
5 to 20 years
Lower your student debt costs with manageable payments, affordable rates and flexible terms.
Earnest Student Loan Refinancing
1.74% to 5.74% APR with autopay
$5,000 - $500,000
5 to 20 years
Get a tailored interest rate and repayment plan with no hidden fees.
Supermoney student loan refinancing
Starting at 1.9%
No minimum credit score
$5,000 - $300,000
5 to 20 years
Compare options to combine both private and federal debts into one monthly payment.

Compare up to 4 providers

Credible reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 1 out of 5 stars, based on 2 customer reviews
Trustpilot Score 4.7 out of 5 stars, based on 3,988 customer reviews
Customer reviews verified as of 16 October 2020

Which lenders does Credible partner with?

Credible partners with the following student loan refinancing providers:

    Am I eligible?

    Credible can be a helpful tool for comparing multiple prequalified offers at once. To be eligible, you need to meet the following criteria:

    • At least $5,000 of student debt from a qualifying US educational program
    • US citizen or permanent resident — or have a cosigner that meets this criteria
    • At least 18 years old

    How do I apply?

    Expect to supply your personal and contact information, information about your former school and the amount you want to refinance. Once you’ve gathered everything and are ready to move towards getting in control of your student debt, follow these simple steps:

    1. Click the Go to site button on this page to be directed to Credible’s student loan refinancing application form
    2. Fill out the requested education and financial information
    3. Review the prequalified options
    4. Provide your existing loan details to get a final refinancing offer

    I got student loan refinancing through Credible. Now what?

    Now that you’ve made a big step towards financial wellness, you can keep that forward momentum going. There are just a few things you’ll want to keep in mind.

    Setting up payments will vary between lenders. Most providers offer online solutions, including autopay to help you avoid late and missed payment fees. It’s important to only choose this option if you’re able to keep enough money in your account to avoid nonsufficient funds (NSF) fees.

    Lenders may also have additional resources for you, like free credit scores. You can explore the website or contact the lender directly to learn more about any additional services offered.

    You can compare additional student loan refinancing lenders to get what’s best for you.

    Frequently asked questions

    Do I have to accept an offer that I receive?

    No. An offer is not an obligation, and you don’t have to accept it.

    Can I refinance with Credible if my loans are in forbearance?

    No. Any loans that are in forbearance are ineligible for refinancing.

    Do I need to have a degree or graduated from school?

    No. If you didn’t graduate, but you are no longer in school, you can refinance through Credible.

    What if I don’t receive any offers?

    There could be additional information the lenders need before approving your application. You could still get an offer by just sending in some additional documentation or by adding a creditworthy co-signer.

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