Some student loan lenders offer cash bonuses when you refinance a student loan with them. Many of these offers are unique to The College Investor readers because we've built these partnerships and only highlight the best offers for our readers.
These are referral links, meaning I do receive a commission if you refinance through these lenders. However, that doesn't impact you in any way. We're simply trying to showcase the best bonus offers for refinancing your student loans.
Remember, at the end of the day, don't let $500 sway you. Shop around to find the best lender that meets your needs. A lower interest rate will probably outweigh any bonus offer over the course of the loan.
The current best student loan refinancing bonus is offered by Splash Financial. You can receive a $500 bonus when you refinance through them. Check out more info on them below or in our Splash Financial review.
Best Student Loan Refinancing Bonuses
Here's our current list of the best student loan refinancing bonuses. We keep this list up to date as best as possible. These bonuses are based on our relationship with the student loan lender. You might find different offers elsewhere, but we strive to have the best available.
Remember to check out our list of the best places to refinance student loans as well.
Splash Financial - $500
Splash Financial is a newer student loan refinancing lender, and they have come onto the marketplace with a "splash". We highly recommend Splash as they typically have one of the lowest rates you'll find in the student loan marketplace. Furthermore, their $500 student loan refinancing bonus makes them a great choice.
You can read our Splash Financial Review here.
Credible - $200
Credible is our favorite marketplace for comparing student loans. They have almost a dozen different lenders that you can easily shop and compare on their platform. And as a College Investor reader, no matter what lender you actually choose - if you refinance on their platform you'll get a $200 bonus.
Check out our Credible review here.
Laurel Road - $200
Laurel Road, formally DRB Student Loans, is an established student loan lender with a new name. Laurel Road really focuses on medical and dental graduates, but they have loan options that will work for any borrower. They might not be the best, however, if you're not in one of those categories. If you do consider Laurel Road, make sure you take advantage of their $200 bonus offer!
SoFi - $100
SoFi is one of the original student loan refinancing lenders. They still offer some of the best rates and terms available, but you're typically only going to get those if you're a highly qualified borrower. For most other borrowers, you'll probably get better rates at companies like Splash or comparing on Credible. However, SoFi is still a great choice, and if you're going to use them, you might as well get a bonus for doing so!
Check out our SoFi Review here.
Final Thoughts
Remember, don't choose a student loan refinancing company simply because of their bonus or promotional offer. The interest rates, term, and fees can make a big difference and easily outweigh any bonus offer.
If you have Federal student loans, remember, it typically doesn't make sense to refinance Federal loans into private student loans.
At the end of the day, if you've already found a lender with a great rate and term that matches your needs - then get paid for using them!
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