Refinance Parent PLUS Loans

Parent PLUS Student Loan Refinancing
See how you as a parent can help your child afford school through a Parent PLUS loan
and see how your current rate stacks up to what our refinance lenders are offering.

If you have Parent PLUS student loans and are looking to refinance them, look no further. At The Student Loan Calculator, we pride ourselves in offering the largest list of refinancing and consolidation lenders who work with Parent PLUS loans. We constantly shop around to help give you, the user, as many options as possible when it comes to refinancing. We realize that not all lenders are equal, with varying terms, conditions, agreements and much more, we try to bring the most important information to the forefront so that you will be able to make an educated decision on which lender will fit your needs best. Helping your child be able to go to school is such a blessing. With that in mind, compare our refinance lenders rates to the current rate you are paying to see how much you could potentially save. Ready to see how much you can save with a new lower interest rate? We thought so! Compare our lender’s rates below.

Refinancing Parent PLUS Student Loans Process
Let us walk you through the refinance process for your Parent PLUS student loans.
Compare the current interest rate to our lenders below to see your potential savings.


Compare Rates with Multiple Lenders
Head over to one of our refinance pages to see a side-by-side comparison of our top student loan lending partners.

Select a Qualified Lender
Find a lender that fits your lifestyle based on items like interest rates, terms, discounts, and other factors pertaining to your loan.

Provide Legal Documents & Apply
When applying you may be required to show your ID and social, proof of income, and additional loan documents.

Wait for Approval
Continue paying your federal loans normally and you will be notified if you have been approved to refinance.
Current Parent PLUS Loan Refinancing Options
LENDER COMPARISON CHART
LENDERRATES (APR)MORE INFO
Earnest Student Loan Refinancing logo - The Student Loan Calculator 2.81 % – 6.39 %Request Rate
The Student Loan Calculator 2.79 %– 6.74 %Request Rate
The Student Loan Calculator 2.99 %– 6.99 %Request Rate
Purefy Logo - This is displayed through the lender comparison chart - The Student Loan Calculator 3.50 %– 7.28 %Request Rate
Sofi Logo - This is displayed through the lender comparison chart - The Student Loan Calculator 2.79 %– 6.74 %Request Rate
ELFI Logo - This is displayed through the lender comparison chart - The Student Loan Calculator 2.39 %– 6.69 %Request Rate

*Any terms, rates, or other student loan related information listed on The Student Loan Calculator’s website or blog is provided as is and without any warranty or guarantee. The displayed information is not intended to legally bind The Student Loan Calculator or any of its lending partners on The Student Loan Calculator. The displayed rates and terms are based on information provided to The Student Loan Calculator via its lenders. Rates will vary depending on credit information, employment history, and income statements as a few examples. The Student Loan Calculator is not a lender and is not involved with approving or granting loans through the approval process. If you would like more information on a specific loan, please head over to that lender’s website to further view terms and conditions. For any questions or concerns please email us at [email protected]

Common Parent PLUS Refinancing Questions

‣ What is a Parent PLUS Loan?

A Parent PLUS Loan is a loan that is provided by the federal government for Undergraduate Students and is also known as a PLUS loan. This loan is generally available through the Direct Loan program. This program allows parents and/or the legal guardian of the student to borrow money that will allow for the student to cover the costs that may not already be covered by the current student’s financial aid package and will help them in covering the full costs and expenses of attending college.

‣ Who makes Parent PLUS Loans?

As of 2010, all Parent PLUS Loans are made by the United States Federal Government. These loans are typically handled through the child’s college however, you may be able to find more info on these loans through the studentloans.gov. Through this site, you will be able to get a better idea of what is needed in order to qualify for the Parent PLUS Loan as where to apply for this type of loan.

‣ How much will a Parent PLUS Loan cost me?

At the time of writing this section, interest rates for Parent PLUS Loans are now market-based. What this means is rates may change through out the week, month, or year during the term of the loan similar to how you see mortgage rates changes. Parent PLUS Loans will have the rate set for the loan on or after July 1 each year. At the time the loan has been issued, the rate that you have received is locked in. One thing to note is that you may qualify for interest rate deductions on your taxes for qualifying low and middle-income families with Parent PLUS Loans.

‣ What are the advantages of a Parent PLUS Loan?

Parent PLUS Student Loans allow for a few different advantages that may be appealing to clients who look at this loan. Generally speaking, the interest rates for Parent PLUS Loans can vary annually depending on the type of loan offered. You do have the option to get both variable or fixed rate loans depending on the lender requirements. Another benefit of a Parent PLUS Loan is the offer of free insurance on the loan. What this means is the debt will be canceled if the parents or the student who took out the loan dies or becomes disabled.

‣ What are the downsides of a Parent PLUS Loan?

The one major downside of a Parent PLUS Loan is the fact that you are not able to declare bankruptcy on this loan. In fact, with all student loans, you will not be able to file for bankruptcy unlike how you can with mortgages or credit card debt. In extremely rare situations, you may be able to take your case to court.

Ready to take control of your student debt? We thought so.
Now let us help you. Get started today.