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 comparison tool 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 $750 gift card bonus if you refinance at least $100,000, otherwise it's a $200 gift card bonus if you go through their platform.
Note: The student loan offers that appear on this site are from companies from which The College Investor receives compensation. In fact, these bonus offers are tied to advertising agreements with these companies. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear, however, this list is ranked by bonus dollar amount). The College Investor does not include all student loan companies or all student loan offers available in the marketplace.
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.
ELFI - Up to $775
ELFI, one of the more unknown lenders on this list, but one that has a long track record of helping borrowers refinance their student loans. Plus, they are consistently at the top of "best rate" charts.
Just for being a College Investor reader, you get an awesome bonus:
- Refinance $50,000 to $99,999 - Get a $300 Bonus!
- Refinance $100,000 to $149,999 - Get a $575 Bonus!
- Refinance over $150,000 - Get a $775 Bonus!
That means, if you're quick, and you sign up through our site, you can earn up to $775 towards your student loans!
If you're organized, this can be an easy win for a bonus. Check out our full ELFI review here.
Credible - Up to $750
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 $750 gift card bonus if you refinance at least $100,000 in student loans.
A $200 gift card 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.
LendKey - $750
LendKey offers private student loans and student loan refinancing by connecting borrowers to its network of over 300 credit union and banking partners. With access to their large network of partner lenders, they offer some of the lowest rates you'll find. Their loans have no origination fees or application fees, and you can check your rate online in just 2 minutes with no credit score impact.
LendKey is currently offering College Investor readers a $750 bonus if you refinance a loan over $150,000, and a $300 bonus if you refinance under $150,000.
That's a great bonus, and you can apply here to get started.
You can read our LendKey review here.
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.
Splash is currently offering College Investor readers a $500 bonus if you refinance a loan over $50,000.
That's a great bonus, and you can apply here to get started.
You can read our Splash Financial Review here.
First Republic - $300
First Republic Bank is an exclusive bank that offers some of the best fixed rate student loans currently available. While they have tougher lending requirements and geography restrictions, for those that qualify, it's a solid deal.
However, they are a bit old school. You need to start the process of applying for a loan by contacting a personal banker. That banker will also give you the $300 bonus if you mention The College Investor.
Check out our full First Republic Student Loan Refinancing Review.
To get your bonus, you must start the online application here.
Figure - $200
Figure is one of the newest student loan refinancing lenders, and they are offering a special promotion to College Investor readers. One of their big differentiators is that they offer some of the best fixed-rate loans in the market.
Right now, if you refinance with Figure, you can get a $200 Amazon Gift Card within 90 days of your loan closing.
Check out our full Figure Student Loans 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!
Check out our full Laurel Road review here.
SoFi - $200
SoFi, one of the first student loan refinancing companies, consistently has some of the best student loan rates. They always make it on our list of the best places to refinance, and they offer a bonus of $200 to entice borrowers to consider them.
While SoFi's bonus isn't one of the biggest, you shouldn't choose a loan just based on the bonus offer. You should definitely get a loan that has the best rates and terms for you. However, if you're already leaning towards SoFi, you might as well get a bonus for signing up!
Check out our full 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!
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 here.
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.