Why would I want to refinance my student loan(s)?
Refinancing can help you save money, simplify your payments, and lower your monthly payment each month.
What types of student loans can I refinance?
Private and Federal student loans are eligible.
What is the minimum and maximum that I can borrow?
The minimum student loan refinance amount is $5,000. The maximum loan amount is $100,000. Make sure to review your existing loans carefully so that you borrow the exact amount you need.
What will my rate be?
Your rate will be based on your credit score. You will be quoted a rate after your application has been submitted and reviewed. View our current rates. There is no obligation to take the loan once you apply. We encourage you to apply and evaluate your options before making a final decision.
What do I need to apply?
You should collect your most recent monthly statement from your current loan servicer. You will need this document to list the total amount you owe and the payment address that we will send a check to pay off your loan.
Do I need to be an Achieve Financial Credit Union member to apply?
No, membership is not required to apply, but you will have to open an Achieve Financial membership prior to the loan being funded.
Do I have to schedule an appointment to apply for a student loan refinance?
No, apply for a student loan refinance online or over the phone. If you would like to go into a branch to apply, an appointment will have to be made.
Is a co-signer required for a student loan refinance?
A co-signer may be used if you do not meet the qualification criteria. In some cases, including a cosigner will allow for a lower interest rate.
When do I begin making payments on my student loans?
Payments are due 30-60 days after the loan is signed for. There is no deferment period for Achieve Financial student loans refinances.
What is the maximum term for a student loan refinance?
10 years.
How do I make my Achieve Financial student loan payments?
Several payment options are available including: automatic transfer, Call 24 telephone banking, online & mobile banking and ACH origination.
Are there any fees associated with this loan?
There are no application or origination fees, and there are no prepayment penalties with Achieve Financial. Late fees will apply for past due payments.
Is loan protection offered on Achieve Financial student loan refinances?
Achieve Financial student loan refinances are not eligible for loan protection.
Are student loans eligible for Skip-A-Payment?
Yes, you can Skip-A-Payment once in a 6-month period, for a $25.00 processing fee.