FAQs

Refinancing your student loans can lower your interest rate, potentially saving you thousands of dollars over the life of your loan. At Alt Lending everyone can qualify to refinance student loans with or without a cosigner. Consider refinancing in these circumstances:

• You are overwhelmed with student loan debt. It may seem that the best option to pay the loans down as much as possible to reduce the amount of interest but consider refinance your private student loans instead. Take action today to Check My Rate, providing you with a new monthly payment option and low fixed interest rate, without impacting your credit.
• You have student loans with high variable interest rates. It can be difficult to predict payments with a variable rate loan, and even loans with low variable rates can get more expensive to repay. Before they rise, consider refinancing to lock in a low fixed rate.
• Your student loans are delinquent or in collections. Again, it can be difficult to manage private student loans that are delinquent or in collection. Consider refinancing private student loans, into an affordable single monthly payment, and stop collection calls. Consider a fresh start.

• Refinancing may lower your interest rate/amount, and monthly payment to meet your current financial goals. Lowering your interest rate will save you money over the life of the loan.
• Refinancing may change your monthly payment from variable to fixed amount each month.
• Refinancing may assist with debt management, consolidating multiple loans into a single manageable monthly payment.
• Refinancing may offer you additional loan benefits, such as positive credit impact, skip a payment, cosigner release, or no prepayment penalties.