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Student Loan Refinance

Reset your federal and private student loans with fixed rates from 3.25% to 7.78% APR.1

Get Your Rate*Apply Today

* Will not impact your credit score.

Banner: Reset Refinance Loan

Reset Refinance Loan

Ready to pay off your current loans and replace them with a new, single loan to fit your budget? The Reset Refinance Loan does that for you.

Icon: Fixed rates

Fixed interest rates provide you with certainty when it comes to your budget.

Icon: Repayment choices

Multiple repayment choices let you maximize your financial goals.

Icon: Simplified repayment

Simplifying repayment can help free up time so you can do more.

Icon: No Fees

No origination or prepayment fees and no late charges so you have more money in your pocket.

Refinancing Is Easy



Get your rate in less than a minute without impacting your credit score.

(Planning on having a cosigner? They can check their rate too to see if they would qualify you for lower rates.)



Know your rate or are you ready to apply? Our simple application can be completed in less than 15 minutes. And cosigners may help you qualify or receive better rates.



Once you're approved, you'll receive a loan offer. After you accept the offer, we'll pay off your current loans and issue you one, single new loan.

All the details. We're transparent. That's why we think you should know our credit requirements upfront.

I had no idea how much money I could save by refinancing … with Iowa Student Loan! The process was seamless…

Mary T.

Common Questions

There are many things to consider when thinking about refinancing education loans. For more information, check out our:

The Reset Loan is for creditworthy borrowers (those who meet the underwriting and credit criteria). Applicants who do not meet the underwriting and credit criteria on their own may apply with one or more creditworthy cosigners.

Borrowers and cosigners cannot have defaulted on any private or government student loan. In addition, borrowers and cosigners must be citizens or permanent residents of the United States. Cosigners must reside in the United States. Military addresses are considered U.S. addresses if designated as an APO or FPO.

You can release any cosigners from payment obligations:

  1. After the first 24 consecutive monthly principal and interest payments are received on time.
  2. If you meet the underwriting and credit criteria at the time the cosigner release is requested.

You may choose between five different repayment terms. View the Reset Loan repayment terms and APR Examples (PDF).

You may refinance up to $300,000 in eligible education loans. The loan must be at least $5,000.

The following loan types are eligible for refinancing:

  • Federal loans (William D. Ford Federal Direct Loan, Federal Family Education Loan and Federal Perkins Loan programs) including:
    • Undergraduate and graduate subsidized and unsubsidized student loans
    • PLUS Loans taken out by parents or graduate/professional students
  • Private education loans
  • Previously refinanced or consolidated education loans

Consumer loans, such as those used to attend coding bootcamps or other specialized training, are not eligible to be refinanced in a Reset Loan.

You can earn a 0.25% interest rate reduction by signing up to have payments automatically withdrawn. The 0.25% interest rate reduction will apply once payments begin to be automatically deducted. The reduction will remain in effect as long as automatic payments continue without interruption during the repayment period. The 0.25% interest rate reduction will not lower the monthly payment amount but will instead reduce the interest amount that accrues. The interest rate reduction will be suspended during approved assistance or if automatic payments are rejected due to insufficient funds.

Download and complete an auto-debit authorization form to start receiving this benefit as soon as possible for your new Reset Loan.

Reset Loans with seven-year repayment terms, under certain circumstances, as well as 10-, 15- or 20-year repayment terms are eligible for graduated repayment plans where you begin with lower payments that increase gradually during the life of the loan. By using a graduated repayment plan, you will pay more in interest over the life of the loan because the principal balance will decrease at a slower rate.

You may qualify for assistance based on your situation. Please call us as soon as possible if you experience issues, so we can help you avoid delinquency.

We offer reduced interest rates on current Reset Loan for qualifying active duty service members. If you are called to active duty, be sure to reach out to us as soon as possible so we can provide you with the information you need.

In the unfortunate event of a borrower’s death or qualifying total and permanent disability, Iowa Student Loan will forgive the loan and not require cosigners or the borrower’s estate to satisfy the loan obligation. A tax professional or the IRS can provide additional information about possible tax consequences of loan forgiveness.

No; in the event of a cosigner's death or qualifying total and permanent disability, you will not be required to find a new cosigner for an existing loan. In addition, if a cosigner suffers a qualifying total and permanent disability, Iowa Student Loan will release the cosigner from his or her obligation.

Customer service for all loans offered by Iowa Student Loan will be provided by Aspire Servicing Center, a wholly owned subsidiary of Iowa Student Loan.

1 Annual percentage rates (APRs) assume you are enrolled in and maintain auto-debit payments from the date of origination. Enrolling in auto-debit results in a 0.25% interest rate reduction. Without enrolling in auto-debit, the rate will range from 3.50% APR to 8.03% APR. Not all borrowers receive the lowest rate. If you are approved for a loan, the rate offered will depend on your credit profile and the term you select and will be within the ranges shown above assuming the auto-debit interest rate reduction applies.