While legal challenges have currently slowed down the federal student loan cancellation plans, federal student loan borrowers at least have better clarity on what type of cancellation might be possible in the future. For loans that won’t qualify for federal measures, or go beyond the proposed cancellation limits, let UMassFive help you take control of your debt with a student loan refinance. Refinance and consolidate your private and/or federal student loans* including PLUS loans, and set up one convenient payment and potentially save on interest or monthly payments.
Refinance to Take Control of Your Student Loan Repayment
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Our student loan refinance option comes with:
- Competitive interest rates—fixed and variable options
- Loan limits up to $150,000
- Flexible repayment terms to fit your needs
- An easy online application and instant credit decision
- A relationship with a local, not-for-profit lender you can trust
Whether you want to lower your interest rate, pay your loans off sooner, or reduce your monthly payment, we have options to fit your needs.
For a limited time, get three months with no payments or interest, and get $250 when you refinance with us!1
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*By refinancing federal student loans, you may lose certain borrower benefits from your original loans, including interest rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans. It is important to remember that if you refinance some or all of your federal student loans into a private student loan with the credit union, you will lose access to any current or future federal student loan benefits, such as potential debt cancellation or income-driven repayment options. For more information, visit studentaid.gov or contact your federal student loan servicer. 1 Click here for important information and full disclosures.