Why refinance your student loans?

You've graduated from college and want to move out of your parent's house? Been working for a few years and dream to buy your first home? Whatever is next for you, don't let your student loans hold you back.

Whether you need to lower your interest rate or your monthly payments, or just to consolidate multiple loans into one simple payment, Webster Bank can help you make the most of your student loan refinance.

Calculate how much you may be able to save

$20,000
 
 

 

 

 

 

  

 

 
 
 
 

If you are applying for student loan refinancing, you will be redirected to our loan processor, Campus Door. Webster does not control or manage the Website content, privacy or security policies of Campus Door. We recommend that you review the privacy and security policies of Campus Door. If you are logged on to WebsterOnline Services, you will remain logged on until your session is timed out (after 20 minutes of inactivity).

The Webster Bank Student Loan Refinance calculator is intended for illustrative and educational purposes only. Results are based on information you provided and assumes satisfactory borrower credit history. The range of rates and monthly payment amount is an estimate and subject to change. The APRs displayed include a 0.25% discount for automatic payments (ACH) made from a personal checking account. Your Annual Percentage Rate (APR) will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit history and amount of credit requested. Your actual APR will be determined when a credit decision is made and may be higher than the rates shown. Rates are subject to change without notice.

 

What you need to know about refinancing student loans

Who's eligible to refinance? What student loans can you refinance? And what factors do you need to consider before you apply? Webster Bank provides everything you need to know right here.

 
Are you eligible to refinance your student loans?

Are you eligible?

Your current situation and future goals can determine whether you're a good candidate for refinancing. See if you're eligible.

What types of student loans can you refinance?

Which loans can you refinance?

You can refinance both federal and private student loans. And Webster Bank can help you refinance some or all of them.

Should I choose a fixed rate or variable rate for my student loan refinancing?

What choices do you need to make?

Do you want a fixed rate or a variable rate? Would you rather get rid of your debt faster or take more time to pay? Before you decide, weigh the pros and cons.

 

Get answers to more questions like these about refinancing student loans.

 

How To Refinance Student Loans

With just a few steps, you can begin the process to refinance your student loans. Click on the arrows to the right or left to get a better idea of what you'll need to do.

Step 1: Gather a few items

You'll need to provide verification of income, loan statement, proof of graduation, driver's license # and a few other personal details.

Step 2. See if you’re eligible to apply

Pick your completed degree level, and answer 5 quick questions.

Step 3. Apply

Fill out our online application so we can assess your unique situation and we’ll give you a decision in 60-seconds.

Step 4. Get Formal Approval

Review multiple offers on interest rates and terms for your new loan, and decide what’s best for you. Provide any additional required documentation, including formal payoff letter(s) from your current lender(s).

Step 5. Complete The Process

Sign the final paperwork to make it official.

Enjoy the freedom to move on with other financial goals—big or small!
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