Student loan lenders can offer cash rewards and promotions when you refinance your student loan with them. Many of these offers are unique to The College Investor readers because we have built these partnerships and highlight only the best offers to our readers.
These are referral links, which means I receive a commission if you refinance through these lenders. However, this does not affect you in any way. We are simply trying to showcase the best bonus offers for refinancing your student loans.
Remember, at the end of the day, don’t let $1,000 sway you. Shop around to find the best lender that meets your needs. The lower interest rate will likely outweigh any bonus offer over the life of the loan.
Our favorite comparison tool is reasonable. The reason is that they are not lenders, but rather a marketplace where you can compare a bunch of different offers at once. They offer College Investor readers a $1,000 gift card bonus if you refinance at least $100,000, otherwise a $300 gift card bonus if you visit their platform.
Best Student Loan Refinancing Bonuses
Here is our current list of the best student loan refinancing bonuses. We keep this list as up to date as possible. These rewards are based on our relationship with the student loan lender. You may find different offers elsewhere, but we strive to provide the best.
$1000 for $100k+, $300 for under $100k Free +1000 AI Tools
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$1,000 for $150,000+, $500 for under $150,000. | ||
$750 for $150K+, $300 for under $150K | ||
$599 for $100K+, $500 for $50K-$100K | ||
$500 if the refinance is more than $50,000 |
Remember to check out our list of the best places to refinance student loans, too.
Reliable – up to $1000
reasonable is our favorite marketplace for comparing student loans. They have nearly a dozen different lenders that you can easily shop and compare on their platform. And as a College Investor reader, no matter which lender you actually choose – if you refinance on their platform, you’ll get:
A $1,000 gift card bonus If you refinance at least $100,000 in student loans.
A $300 gift card bonus If you refinance less than $100,000 in student loans.
Check out our trusted review here.
Apply on a reliable site here >>
Juno – up to $1000
Juno Negotiates better student loan rates for groups of student loan borrowers. They currently have some great offers for refinancing student loans, and if you qualify, not only will you refinance your student loan at a better rate, but you can also take advantage of a great bonus.
Juno is currently offering College Investor readers a $1,000 bonus if you refinance a loan over $150,000, and a $500 bonus if you refinance less than $150,000.
You can read our Juno Student Loans review here.
Apply at Juno here >>
Lindke – $750
LendKey It offers private student loans and student loan refinancing by connecting borrowers to its network of more than 300 credit unions and banking partners. With access to their large network of partner lenders, they offer some of the lowest rates you’ll find. Their loans have no origination fees or application fees, and you can check your rate online in just two minutes with no impact on your credit score.
LendKey is currently offering College Investor readers a $750 bonus if you refinance a loan over $150,000, and a $300 bonus if you refinance less than $150,000.
This is a great bonus, and you can Apply here to get started.
You can read our LendKey review here.
Apply on LendKey here >>
Elvi – up to $599
ELFI has a proven track record of helping borrowers refinance their student loans. Plus, they’re consistently at the top of our Best Price charts and customer service rankings.
Just for being a College Investor reader, you get a great bonus:
- A $599 bonus When you refinance at least $100,000 in student loans!
- A $500 reward When you refinance less than $100,000 but at least $50,000 in student loans!
That means, if you’re quick, and sign up through our site, you can earn up to $599 toward your student loans!
If you’re organized, this could be an easy win for substantial Bonus. Check out the full ELFI review here.
This is the best bonus we’ve seen right now!
Apply at ELFI here >>
Splash Finance – $500
Splash Finance It is a student loan marketplace that currently partners with a variety of credit unions and banks.
We highly recommend Splash for medical residents as they offer $100 payments on your refinanced loans during your stay and for up to 6 months afterward.
Splash is currently offering College Investor readers a $500 bonus if you refinance a loan over $50,000¹.
This is a great bonus and you can Apply here to get started.
You can read our financial review of Splash here.
Frequently asked questions about the student loan bonus offer
We get a lot of questions about why companies offer student loan bonus offers. Like everything else – it’s marketing. Some companies try to compete on rates and fees, others on repayment programs, and others by offering great incentives to refinance your student loans.
Your goal as a borrower should be to figure out the best combination of all of the above to meet your needs.
Here are some common FAQs about the student loan bonus offer:
Should I refinance my student loans?
Maybe – If you have private student loans, it might make sense to shop around more often and refinance when you can get a better rate. If you have federal student loans, this doesn’t always make sense — because you lose the benefits that federal loans offer.
Is it possible to refinance federal and private student loans together?
Yes, you can refinance all of your student loans together.
How do you get the best rate when refinancing?
To get the best rate when refinancing student loans, you usually need to have a high income and great credit, and get a short-term loan (5 years or less). Also, variable rates are usually lower than fixed-rate loans.
How to get the best bonus offer?
Check out our list of student loan bonus offers and see the terms. The best offers are usually for higher balance refinancing.
Can you refinance more than once?
Yes, you can refinance whenever you want. However, you usually can’t refinance again with the same lender.
Why should you trust us?
I’m America’s Student Loan Debt Expert™ and have been actively writing about and covering student loans since 2009. The team and I here at The College Investor have been actively tracking student loan providers since 2015 and have reviewed, tested, and followed almost every provider and lender in the industry.
Furthermore, our compliance team reviews the prices and terms contained in this list every day of the week for accuracy. This way you can make sure you’re looking for an accurate and up-to-date price when you comparison shop.
Final thoughts
Remember, don’t choose a student loan refinancing company just because of the bonus or promotion they offer. Interest rates, term and fees can make a huge difference and easily outperform any bonus offer.
If you have federal student loans, remember that it usually doesn’t make sense to refinance federal loans into private student loans.
Ultimately, if you’ve already found a lender with a great interest rate and term that suits your needs – get paid to use it!
Splash Finance
¹Terms and conditions apply. Offer subject to lender approval. To receive the offer, you must: (1) refinance over $50,000, $100,000, or $200,000 in student loans depending on the channel partner offering the bonus offer (2) register and/or apply through the referral link you have been given; (3) complete a loan application from Splash Financial; (4) you have and provide a valid US address to receive the reward; (5) and meet Splash Financial’s underwriting standards. Once the conditions are met and the loan is disbursed, you will receive your welcome bonus via check to your provided address within 90-120 calendar days. Rewards not redeemed within 180 calendar days from the date they are made available to the recipient may be subject to forfeiture. Bonus amounts of $600 or more in one calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. The recipient is responsible for any applicable federal, state or local taxes associated with receiving the reward offer; Consult your tax advisor to determine applicable tax consequences. Splash reserves the right to change or terminate the offer at any time with or without notice. Bonus offer is for new customers only.
