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 $1,000 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.
Our favorite lender is Credible. The reason is they aren't a lender, but a marketplace where you can compare a bunch of different offers at once. They offer College Investor readers a $1,000 bonus if you refinance at least $100,000, otherwise it's a $200 bonus if you go through their platform.
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.
Credible - $1,000
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 $1,000 bonus if you refinance at least $100,000 in student loans.
A $200 bonus if you refinance less than $100,000 in student loans.
That's the best bonus we've seen yet!
Check out our Credible review here.
Splash Financial - $300
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 $300 student loan refinancing bonus makes them a great choice.
However, you must refinance at least $30,000 to qualify for the bonus.
You can read our Splash Financial 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!
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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