Save money when you refinance or consolidate your education loans.

Whether you are looking to lower your payments, reduce your interest rate, or just consolidate your loans into one monthly bill, refinancing may be a good option.

A submitted application does not commit you to borrowing the loan.

If you’ve already submitted an application and created an account, click below to log in.

  • Fixed rates1
    • Rates1 starting at 5.00 %
    • As low as 5.00 % APR1
    • 5, 10, and 15 year term options available
  • Loans starting at $5,000, and up to $200,000
  • 0.25% interest rate reduction with automatic payments2
  • 0.25% interest rate reduction with a qualifying relationship3
  • No application, origination or disbursement fees
  • No prepayment penalty
  • Potential for a better interest rate
  • May be able to lower your monthly payments
  • One convenient monthly payment for all your education loans
  • 0.25% interest rate reduction for automatic recurring payments2, applied the date the payment is created
  • 0.25% interest rate reduction for qualifying relationships3, applied after the loan is disbursed. Contact us to receive the benefit

You may be eligible to refinance if:

  • You are a U.S. citizen or permanent resident with a Social Security Number
  • You are no longer a full-time student
  • You are the primary borrower on one or more existing education loans
  • You meet Harvard FCU credit requirements

Private and federal undergraduate, graduate and parent education loans are eligible for refinancing

Please review the full program disclosure for further information on loan rates and cost.


Refinancing gives you the ability to consolidate one or more federal and/or private education loans into a single loan with new terms, including a new interest rate, monthly payment amount or repayment length. Even if you have previously consolidated or refinanced your education loans, you may be able to lower your interest rate and/or your monthly payment.

  • Complete an application by using the “Apply Now” button above.
  • Submit the required documentation, which may include identification documents, your current education loan payoff statement(s), and income information.
  • If approved, Harvard FCU will pay off your current education loans as requested in your application.
  • You will make payments to UAS, Harvard FCU’s Education Loan Servicing Partner, for your new loan.

Whether to refinance your education loans is a personal decision, here’s what to consider:

  • Refinancing allows you to organize your finances with one convenient payment
  • You could be eligible for a lower interest rate, reducing your total cost over the long-term
  • You can extend your repayment term to reduce your monthly payment

If you have federal education loans:

  • Federal loans offer income-based repayment programs which could be beneficial if your income might fluctuate
  • Federal loans have the potential to be forgiven or have a portion forgiven if the borrower is working in a certain field for a certain amount of time, such as teachers in low-income schools and designated public servants
  • Federal loans may offer more flexibility with deferment and forbearance options
  • Federal loans are forgiven if the borrower passes away or becomes disabled

Before finalizing the loan documents, we encourage you to clearly understand the rates and terms of your current loans, your goals for refinancing, and your new loan terms.

You can include any loans used for financing your education where you were the primary borrower. You cannot include any other debt (for example, credit card or mortgage), even if it was used to pay educational expenses. If you previously consolidated your education loans into a single loan, you may still be able to refinance.

Our application has a list of the most common loan servicers; however, you may submit loans for servicers not listed. When we review your application, we will determine whether loans from that servicer may be refinanced.

Terms and Conditions Apply. In order to qualify, a borrower must be a U.S. Citizen or permanent resident, and meet Harvard FCU’s underwriting requirements. Applicants must have a responsible financial history, and meet other conditions.

1. Interest Rate & APR. The rate you receive is based upon the length of your repayment term, your credit score and history, length of employment, and you must meet income requirements. Not all borrowers receive the lowest rate. The APR assumes your loan will enter immediate repayment after disbursement. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, through any deferment period, and ending when the loan is paid in full. Rates and terms are subject to change without notice. Such changes will only apply to applications taken after the effective date of the change.

NOTICE: Please think carefully before refinancing federal student loans, as private loans may not offer the same features or benefits available to federal loan borrowers, including options such as income-driven repayment, and future loan forgiveness.

Loan Example: Borrowing $10,000 at 5.00% and 5 year term, results in 5.00% APR, monthly payment of $188.71, finance charge of $1,322.60 and total repayment of $11,322.60.

2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.

3. RELATIONSHIP DISCOUNT. A qualifying relationship discount is considered an active checking account for a minimum of 12 months, or any non-education Harvard FCU loan product. Discount to be applied after the loan is disbursed, if applicable. Member must contact the credit union to receive the discount. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Harvard FCU reserves the right to modify or discontinue relationship benefits at its discretion without notice.

4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023

5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.