U-fi Student Loans offers private loans and refinancing options to both graduate and undergraduate students. They are partnered with Nelnet, a student loan servicer that works with the Department of Education to service federal loans.
According to their site, their mission is to offer simple and accessible loans and refinancing in order to ease the burden of student loan debt on millions of Americans. In light of this mission, they offer several interesting features like co-signer release options, good-grade discounts and even cash-back rewards.
Remember, always compare your student loan options. Use a service like Credible to compare your loan rates and fees (U-Fi is one of the comparison options). Plus, College Investor readers get a up to a $1,000 gift card bonus when refinancing with Credible!
Also, always be sure to check our list of the best places to refinance student loans here! Onto the U-fi student loans review!
- Simple student loan refinancing
- Easy application process and low income requirements
- Private student loans with good rates
U-fi Student Loan Details
U-fi Student Loan Refinancing
Min Loan Amount
Max Loan Amount
Fixed Rate APR
2.80% - 6.10% APR
Variable Rate APR
1.89% - 5.99% APR
5 to 25-year terms
Private Loan Options
The loan options for undergraduate and graduate students are simple, easy to apply for, and give students the opportunity to get financially stable when studying. It's clear that college expenses are costly and there are several costs to consider besides just tuition. Applying for U-fi’s undergraduate or graduate loan options is quite simple. The application includes personal information like name, address, email address, social security number, date of birth, and driver's license or government-issued ID number, your employer's name, address, and phone number, and your annual gross income.
Once you have this part completed you must provide the school you already attend or plan to attend, your major, grade level, expected date of graduation, the requested loan amount and the type of school in which you will need the loan for. Like the refinance loan, the undergraduate and graduate loan options come with the same benefits. They offer cash back rewards with twelve consecutive on-time payments, the option of releasing your cosigner after twenty-four consecutive on-time payments, payment options to fit your needs, a .25% interest rate reduction for automatic bill payment with a debit card, and no application fee.
If you already have student loans in the repayment period and you’re struggling to make monthly payments, refinancing might help ease the burden of on your monthly budget. There are a variety refinancing and loan consolidation services available and it’s important to way your options. However, U-fi offers some unique benefits. They provide a variety of discounts and flexible repayment plans to help you make your loans more manageable.
The refinance loan is easy to apply for and has simple eligibility requirements. These requirements include:
- US citizen (or having a permanent address with a working Social Security Number)
- Being of legal age (17 years old with a cosigner)
- You must be full-time or part-time college student at a qualified school
- A yearly income of at least $12,000
- 680 FICO (or 640 with a highly qualified co-signer)
With the refinance loan there are cash back rewards with twelve consecutive on-time payments, the option of releasing your cosigner after twenty-four consecutive on-time payments, payment options to fit your needs, a .25% interest rate reduction with automatic bill payment with a debit card, and no application fee. This loan option is helpful for all different students.
According to Nelnet, U-fi’s refinance loan option allowing students the opportunity to put all of their loans into one payment to keep them on track and organized.
Rates And Terms
U-fi offers a variety of competitive rates and terms for its student loan refinancing products.
U-fi offers the following rates:
- Fixed: 2.80% - 6.10% APR
- Variable: 1.89% - 5.99% APR
You can select one of the following loan repayment terms:
- 5-year term
- 10-year term
- 15-year term
- 20-year term (for loan amounts of $25,000 or more)
- 25-year term (for loan amounts of $25,000 or more with variable interest)
Remember, rates and terms are subject to change. Please check U-fi's website for the most up to date information.
How Does U-Fi Compare?
U-Fi is definitely not the only student loan lender, but NelNet (their parent company) has been doing student loans for longer than most companies.
Check out this quick comparison and make sure you see our fill list of student loan refinancing lenders here.
1.89% - 5.99%
1.89% - 5.99%
2.39% - 6.01%
2.80% - 6.10%
2.63% - 6.88%
2.79% - 5.99%
Up to $500
Up to $775
U-fi is the place to come as an undergraduate or graduate student when you need the stress of money to be released.
Remember, always shop around when looking at student loan refinancing. Use Credible to compare up to eight different lenders at once (including U-fi). Don't forget to take advantage of the special up to $1,000 gift card bonus offer just for College Investor readers. Get a quote in 2 minutes from Credible here.
Also, if you want to read more reviews, check out our student loan refinancing reviews.
U-Fi Student Loans
- Rates And Fees
- Application Requirements
- Customer Service
- Products and Services
U-fi Student Loans offers private loans and refinancing options to both graduate and undergraduate students.
- Offers private student loans and student loan refinancing
- Low rates for qualified borrowers
- Doesn’t offer any bonus or incentive offers
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page, or on his personal site RobertFarrington.com.
He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.