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Benefits of Refinancing
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Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from % APR to
% APR and Variable Rate range from
% APR to
%. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed
% for 5 year and 8 year loans and
% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be
%.
WHY SHOULD YOU REFINANCE?
SAVE MONEY
Expenses come at you hard, be proactive by refinancing a high interest rate student loan.
SIMPLIFY
Refinance your federal, private, or parent student loans into one, simple PENZIOX loan.
QUICK & EASY
Complete the online application. No fees or prepayment penalties.
COSIGNERS & PARENTS
Cosigners can improve your rate. Parents can refinance their loans too!
WHAT THEY'RE SAVING
Our Members Love Us, You Will Too
Chalmer Barker
Boise, ID
You're doing a good job. The vast majority of web sites are more difficult to navigate and use - some are impossible. Your web site, and the process, are very user friendly.
Dennis Willis
Wahiawa, HI
Customer services was excellent...and I deserve the best service.
George Ross
Colorado
I have been with Penfed for over 30 years and they continue to provide outstanding a timely service. Very customer facing!
Jennifer Olschefski
Pennsylvania
The membership process was done quickly, and was very easy to complete. Thank you for a wonderful experience, and I would highly recommend to family and friends.