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Student Loan Debt

how does student loan refinance work

Student Loan Debt

Student Loan Refinancing: How Does It Work?
Posted on March 28, 2022
Pros and cons of student loan forgiveness in dollars and cents

Student Loan Debt

Benefits and Drawbacks of Student Loan Forgiveness
Posted on March 8, 2022
Link to post When Is The Best Time To Refinance Student Loans?

Student Loan Debt

When Is The Best Time To Refinance Student Loans?
Updated on June 24, 2022
note with meaning of student loan forbearance

Student Loan Debt

What does forbearance mean on a student loan?
Posted on February 28, 2022
Link to post How Much Student Loan Debt is Too Much?

Student Loan Debt

How Much Student Loan Debt is Too Much?
Posted on November 22, 2021
Link to post Success Story: Student Debt Has Positive Influence on IT Consultant’s Career Path

Student Loan Debt

Success Story: Student Debt Has Positive Influence on IT Consultant’s Career Path
Posted on September 22, 2021
Link to post 4 Tips to Find the Best Student Loan Refinance Companies

Student Loan Debt

4 Tips to Find the Best Student Loan Refinance Companies
Posted on September 8, 2021
Link to post Should I Refinance My Student Loans?

Student Loan Debt

Should I Refinance My Student Loans?
Posted on September 1, 2021
Link to post How Does the Average Student Loan Debt Affect Mental Health?

Student Loan Debt

How Does the Average Student Loan Debt Affect Mental Health?
Posted on August 28, 2021
Link to post Success Story: Guidance Counselor Sees New Life After Refinancing

Student Loan Debt

Success Story: Guidance Counselor Sees New Life After Refinancing
Posted on August 25, 2021
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Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are subject to change at any point prior to application submission. Your prequalified rate is based on information you provided. All final offers require verified credit information which could impact your qualified rate. The information you provide to us is an inquiry to determine whether we or Splash’s lending partners can make you a loan offer. Some lending partners may require less information if you submit an application directly on their website. If Splash, or any of our lending partners, has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. Please be advised that a lending partner who has an available loan offer for you may conduct another soft credit pull as part of its application review process.

To qualify, a borrower must be a U.S. citizen or other eligible status and meet lender underwriting requirements. A co-signer may be required. The borrower is required to meet applicable underwriting requirements based on specific lender criteria. Not all borrowers receive the lowest rate as advertised. Lowest rates are reserved for the highest qualified borrowers. Splash does not guarantee that you will receive any loan offers or that your loan application will be approved. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Variable rates subject to change.

If you are interested in refinancing your student loans, please note the following:
Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal student loans carry special benefits. If you refinance a federal student loan with Splash Financial, you will no longer be eligible for those benefits such as a COVID-19 temporary interest rate of 0% through 08/31/2022, public service loan forgiveness, and economic hardship programs, fee waivers and rebates on the principal.

Fixed Rate options range from 2.29% (without autopay) to 8.63% (without autopay) and will vary based on application terms, level of degree and presence of a co-signer. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Rates are subject to change without notice. Not all rates and amounts available in all states. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.

Variable rate options range from 1.74% (with autopay) to 9.51% (without autopay). Our lowest rate option is shown with a 0.25% autopay discount. The variable rates are based on a Variable rate index. Some of the rates are based on the one-month London Interbank Offered Rate (“LIBOR”) and some are derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). The interest rate on a variable rate loan is comprised of an index and margin added together.

Splash Financial, Inc. (NMLS #1630038), NMLS Consumer Access. Equal Housing Lender Equal Housing Lender Logo
Splash Financial, Inc. is licensed by the Department of Financial Protection & Innovation under the California Financing Law, license number 60DBO-102545
Splash® is a registered trademark of Splash Financial, Inc.

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