Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

LendEDU student loan refinancing review

Drowning in student debt? See if this marketplace can help you find a lower rate.

  • Best for borrowers who want to compare offers from multiple lenders at once.
  • Pick something else if you don't have at least an associate degree.

Starting at 2.56%


Varies by lender

Max. Loan Amount


Min. Credit Score


Product NameLendEDU student loan refinancing
Max. Loan AmountVaries by lender
APRStarting at 2.56%
Interest Rate TypeVariable
Minimum Loan Term5 years
Maximum Loan Term20 years
RequirementsYour level of education should be an Associate's Degree or higher.

Review by

Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.

Expert review

If you’re looking for lower repayments on your student loans but don’t know where to go for refinancing, LendEDU may be able to help. It lets you compare offers from 12 student loan refinancing providers to find the lowest rate — all without negatively affecting your credit score. With rates as low as 1.9%, LendEDU boasts that its borrowers can save $13,948 on average.

However, some of LendEDU’s lenders have stricter credit requirements than others, so you may need to bring on a cosigner to qualify. And if you need good customer support to get you through the finish line, then be sure to set enough time during the work week — LendEDU’s helpline is closed on the weekend.

Still not sold? Check out our list of other student loan refinancing providers that might be a better fit for you.

First, do I qualify?

To qualify for refinancing with one of LendEDU’s partner lenders, you must meet the following criteria at a minimum:

  • Credit score of 650 or higher
  • US citizen or permanent resident
  • At least 18 years old
  • Steady source of income

Keep in mind that specific lenders might have further eligibility requirements.

What are the benefits of LendEDU?

  • Convenient. Instead of submitting multiple applications to different lenders, you receive different quotes based on your credit and application information.
  • Variety of lenders. LendEDU works with traditional banks, credit unions and online lenders.
  • Free to use. 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.
  • Good customer reviews. LendEDU holds an A+ rating with the BBB and has a good reputation from former customers.
  • Multiple online 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.

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 refinancing providers

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 6.59%
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 6.15%
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

LendEDU reviews and complaints

BBB accredited No
BBB rating B+
BBB customer reviews
Trustpilot Score 4.7 out of 5 stars, based on 94 customer reviews
Customer reviews verified as of 16 October 2020

How safe is it to use LendEDU?

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

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 ranges1.74% to 6.59%
APR Variable w/ autopay
2.94% to 4.84% APR Variable w/ autopay1.03% to 10.24% APR Variable w/ autopay1.9%–7.26% APR Variable w/ autopay1.74% to 5.74% APR with autopay APR Variable w/ autopay3.74%–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 choose 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.

See how LendEDU stacks up to the competition with our guide to student loan refinancing.

Frequently asked questions

How much does LendEDU cost?

LendEDU is a free marketplace service that does not charge you to generate lender quotes.

How safe is LendEDU?

LendEDU is known as a safe service and uses Norton Security.

How does refinancing work?

Once your loan is approved, your new lender pays off the old student loan and issues you a new loan with new terms. You are then be responsible for paying off the new loan with the new lender.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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 only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site