LendEDU student loan refinancing review | finder.com

LendEDU student loan refinancing review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Drowning in student debt? LendEDU can help you refinance your loan to get a lower rate.

Some student loans have such high interest rates, it can feel like you’ll never pay off your debt. The marketplace service LendEDU wants to help you find a way to lower your monthly payment.

Lend EDU lets you compare 12 student loan refinance lenders to find the lowest rate — all without negatively affecting your credit score. With rates as low as 2.21%, LendEDU boasts that its borrowers can save $13,948 on average.

Product NameLendEDU student loan refinancing
Min Loan AmountVaries by lender
Max. Loan AmountVaries by lender
APR2.56% (As low as)
Interest Rate TypeVariable
Minimum Loan Term5 years
Maximum Loan Term20 years
RequirementsYour level of education should be an Associate's Degree or higher.


  • Apply with no harm to your credit.
  • BBB accredited.
  • Offers savings and support.


  • Eligibility requirements vary by lender.

First, do I qualify?

To meet the basic eligibility requirements of most LendEDU lenders, you must:

  • Have a credit score of 650 or higher.
  • Be a US citizen or permanent resident.
  • Be at least 18 years old.
  • Have a steady source of income.

Keep in mind that specific lenders might have further eligibility criteria that you need to meet.

What are the benefits of LendEDU?

  • Resources. Along with student loan refinancing, student loan consolidation and low-cost student loans, LendEDU offers loan calculators, a financial aid helpline, student loan education courses and more.
  • Convenient. Instead of submitting multiple applications to different lenders, you receive different quotes based on your credit and application information.
  • Lenders. LendEDU works with traditional banks, credit unions and online lenders.
  • Free. You won’t pay a thing to get personalized quotes.
  • No harm to your credit. You won’t damage your credit score by signing up for the service and generating quotes from multiple lenders.
  • BBB accredited. LendEDU holds an A+ rating with the BBB.
  • Savings. It boasts saving its customers $150 million in interest.
  • Support. You can use LendEDU’s live chat, read helpful blog articles and watch YouTube videos for information.

What to watch out for

  • Weekday customer support only. LendEDU’s helpline is closed over the weekend.
  • Eligibility requirements vary by lender. You don’t need ideal credit to use LendEDU, but its lenders may require a certain credit score for approval.

Compare LendEDU to other student loan providers

Rates last updated December 15th, 2018
Name Product Min. Credit Score Max. Loan Amount APR Product Description
Earnest Student Loan Refinancing Variable Rate (w/ autopay)
2.46% to 6.97% (variable)
Get a tailored interest rate and repayment plan with no hidden fees.
LendingTree Student Loans
Good to excellent credit
Varies by lender
3% (As low as) (fixed)
Compare multiple student loans and student loan refinancing options in one place.
SoFi Student Loan Refinancing Variable Rate (with Autopay)
full balance of your qualified education loans
2.470% to 6.990% (variable)
A leader in student loan refinancing, SoFi can help you refinance your loans and pay them off sooner.
Credible Student Loan Refinancing
Good to excellent credit
2.57%(As low as ) (variable)
Get prequalified offers from top student loan refinancing providers in one place.
PenFed Student Loan Refinancing
3.75%–7.03% (fixed)
Straightforward refinancing with competitive rates.
Purefy Student Loan Refinancing
2.82% to 8.42% (variable)
Refinance all types of student loans — including federal and parent PLUS loans.
Splash Financial Student Loan Refinancing
3.75% (starting at) (variable)
Save on your student loans with this market-leading newcomer.

Compare up to 4 providers

How safe is it to use LendEDU?

Yes. LendEDU is highly transparent about what it does with your personal information, providing an easy-to-follow breakdown of when it gets shared and what you can do to opt out. It doesn’t share information about your past transactions, experiences or creditworthiness to its affiliates and you can limit its ability to share your information with non-affiliate marketing by filling out an opt out form and emailing it to compliance@lendedu.com.

Your information is also protected online with industry-standard encryption. It also says it takes safety precautions when storing your data, but doesn’t identify how.

How’s its online reputation?

LendEDU has a pretty great online reputation. It’s been accredited with the Better Business Bureau (BBB) since 2016, which gives it an A+ rating — probably because it hasn’t have any customer complaints levied against it yet. It has no reviews on the BBB website, however.

Over 100 Trustpilot reviewers give it a slightly more meaningful 9.7 out of 10, with 98% of them rating it as “Excellent” (0% said it was “Bad”). Users were most impressed with how simple it made the application process. Some users particularly liked how it allowed easily you to compare interest rates from different lenders. Terms like “tremendous,” “no-brainer” and “f***ing awesome!” were thrown around.

Rates and terms of LendEDU’s partner lenders

LendEDU works with top lenders in the industry. Here’s a sample of lenders you could see with LendEDU.

SoFiCollege AveCitizens BankLendKeyEarnestCommonBond
Interest rate ranges2.470% to 6.990% APR Variable w/ autopay3.13%–7.63%% APR Variable w/ autopay4.07%–8.4% APR Variable w/ autopay2.51%–7.26% APR Variable w/ autopay2.46% to 6.97% APR Variable w/ autopay3.2%–7.74% APR Variable w/ autopay
Rate types availableVariable and fixedVariable and fixedVariable and fixedVariable and fixedVariable and fixedVariable, fixed and hybrid
Loan terms5, 7, 10, 15, and 20 years5 to 15 years5, 10, 15, and 20 years5, 7, 10, 15, and 20 years5 to 20 years5, 7, 10, 15, and 20 years

LendEDU works with other lenders that include PNC, SunTrust Bank and Sallie Mae.

How to apply through LendEDU

Go to LendEDU’s website, and click then “Find my rates”. It’s free to apply, and you won’t pay application or origination fees. You will then answer 10 simple questions, which should take about three minutes. From there, you can compare rates and quotes.

Eligibility requirements

Eligibility requirements vary by lender, but you’ll likely need a credit score of 650 or more to be approved for student loan refinancing. LendEDU’s website reports that its average borrower has a 757 credit score, but some applicants report approval with scores of 560. Some 43% of student loan refinancing applicants to LendEDU are approved.

Most lenders also ask that you be a US citizen or permanent resident, have a steady source of income (it doesn’t always have to come from employment) and be the age of majority in your state — usually 18.

What information do I need to apply?

  • Your level of education — associates, bachelor’s or master’s
  • The amount of student loan debt you carry
  • Your personal contact information, including your email address

I got personalized rate quotes! Now what?

Once you apply with LendEDU and get your rates, you can apply with the company that works best for you. How the application process works varies depending on which company you choose. It wouldn’t hurt to check out online reviews of the lenders you’ve been matched with to make a more informed decision.

Bottom line

If you are looking for a lower payment on your student loan but don’t know where to go for refinancing, the marketplace service LendEDU could be a helpful solution. Just be sure to compare your LendEDU rates to the variety of student loan options that could be available to you.

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site