Lower your interest rate and monthly payments when you refinance or consolidate your student loans.

Do you have over $5,000 in student loan debt? You may be able to save money by refinancing your federal and private student loans at HUECU.  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.

To find out what your rates and terms would be, complete our quick online application.


Apply Online Below


Loans under $75,000                        Loans over $75,000


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

  • Variable rates
    • as low as 3.99% APR1
    • 5, 10, and 15 year repayment term options
  • Fixed rates
    • as low as 4.99% APR1
    • 5 and 10 year repayment term options
  • Loans starting at $5,000
  • 0.25% interest rate reduction with automatic payments
  • 0.25% interest rate reduction with a qualifying relationship2
  • 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 student loans
  • You may be eligible to refinance if:
    • You are a U.S. citizen/national or permanent resident with a Social Security Number
    • You are no longer a full-time student
    • You have one or more existing student loans
    • You meet HUECU credit requirements
  • Private and federal graduate and undergraduate student loans are eligible for refinancing


What is student loan refinancing?

Student loan refinancing combines federal and/or private student loans into a new single loan with new terms,  interest rate, monthly payment amount or repayment length. Even if you previously consolidated or refinanced your student loans, you may be able to lower your interest rate and/or your monthly payment by refinancing.

How does student loan refinancing work?

  1. You complete the application
  2. You submit current student loan statement, which includes payoff amount
  3. We pay off your current student loans
  4. You make payments to us for your new student loan

Should I refinance my Federal Student Loans?

Whether to refinance your student loans is a personal decision, and it’s not right for everyone. Here’s what to consider:

  • Depending on the loan program, you might be giving up a low, fixed rate.
  • Federal loans offer several different types of repayment such as income-based repayment, extended repayment, graduated repayment, etc.
  • 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 are flexible with the amount of forbearance (payment suspension) whereas we limit ours to a year total in 6 month increments.
  • Federal loans are forgiven if the borrower passes away or becomes disabled whereas our private student loans are not forgiven.
  • Federal loans offer unlimited in-school deferment. Our loan does not offer any deferment.

Before finalizing the loan documents, we encourage you to clearly understand the rates and terms of you current lender, establish what you wish to accomplish by refinancing, and know your new refinanced rate and term are.

What loans are eligible for refinancing?

Private and federal graduate and undergraduate student loans are eligible for refinancing.

1. Annual Percentage Rate (APR). Variable rate based on Prime Index as published in the Wall Street Journal. Variable rate loans range from Prime -0.01% to Prime + 4.49% based on credit worthiness. Fixed rate loans range 5.49% to 9.49% based on credit worthiness. The rates are shown include all relationship discounts. Current prime rate is 4.25%.
2. A qualifying relationship is considered an active Crimson Checking account which has been opened for a minimum of 12 months, a mortgage,  home equity line of credit or auto loan.

Subject to credit approval.