Each student loan refinance lender has basic eligibility requirements. These eligibility requirements may include:
Having graduated from an eligible program
Meeting the minimum refinance balance
Your student loan(s) not being in default
Beyond the basic eligibility requirements, each lender will have a different method for determining whether you qualify. In general, lenders typically look for the following in a student loan refinance applicant:
Good Credit Score
Stable Income
Good Debt-to-income ratio
Eligible degree and school
Strong repayment history
To see what student loan refinance options you prequalify for, complete the two-minute Sparrow application.