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    Student Loan Refinancing
    for Parents

    You've given your children a brighter future.
    Now give yourself one.

    Rates as low as

    #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMin# APR Variable1

    #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMin# APR Fixed1

    Get My Rate


    Please read carefully while considering to refinance your federal student loans:

    The federal government announced that interest will not accrue and payments will not be due for a period of 6 months on federal student loans. We recommend that all customers with federal student loan debt carefully consider their options before refinancing with a private student loan. This interest free period is beneficial to customers and we advise you to consider these benefits during the six month period and over the life of the loan prior to refinancing. When you refinance, you waive any current and potential future benefits of your federal loans and replace those with the benefits of the Education Refinance Loan.

    Depending on your rate and amount borrowed, refinancing may still be a good lifetime savings option for you. We are here to help you think through what might be your best option. Please call us at 1-800-708-6684.

    Please carefully review your current and potential future benefits on your federal loans before refinancing.

    One Affordable Loan for All Your Kids' Education Loans

    Sending your children to college is a parent’s dream. Paying multiple high-interest loans for multiple children can be a financial nightmare. With a Citizens Bank Education Refinance Loan for Parents, you could save up to 3.59%2 on your interest rate while consolidating into one affordable payment.

    • Fixed Rates

      #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMax# APR1

      Your interest rate will remain constant over the life of your loan and your monthly payment amount will remain the same.

      Rate and Repayment Examples
    • Variable Rates

      #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMax# APR1

      Get a potentially lower rate and lower monthly payments. The interest rate will fluctuate monthly, and therefore, your monthly payment amount will vary over time.

      Rate and Repayment Examples

    3 Reasons to Choose Citizens Bank

    • Lower rates

      Discounts of up to 0.50%3

      With our competitive rates and discounts of up to 0.50%3, you could trim your interest rate as much as 3.59%2 on a Federal Parent PLUS Loan.

      View our rates

    • Lower payments

      Payments on your terms

      With our low rates and flexible terms of 5, 7, 10, 15 or 20 years, you may be able to lower your monthly payments, giving you more room in your budget.

    • Time savings
      and convenience

      A single payment

      Let us help you combine all your loans, including Federal Parent PLUS, private, and student loans you cosigned – for all your children – into one loan and payment. You can even refinance loans you haven’t yet begun to pay4.

    Student Loan Refinancing for Parents Features

    • Repayment

      Choose from 5, 7, 10, 15 and 20-year repayment periods, depending on your budget.

      View our repayment examples.

    • Eligibility5

      • At least $10,000 in student loans to refinance
      • US Citizens, permanent residents and resident aliens with a valid U.S. Social Security Number can apply
      • The primary applicant must be the primary borrower or co-signer on the loan to be refinanced.
    • Loan Amounts

      Minimum: $10,000

      Maximum: $500,000

    3 Easy Steps to Apply

    You’re busy. We get that. So, we’ve made applying for the Education Refinance Loan for Parents fast and easy. You can apply in 3 easy steps.
    Apply Now


    Complete the online application

    Apply from your computer or mobile device*.


    Select your rate and terms

    Choose a fixed or variable rate and a term of
    5, 7, 10, 15 or 20 years.


    Sign and accept.

    You will be asked to sign and accept your loan documents electronically.

    Learn More About Refinancing Student Loans

    Wondering if refinancing is right for you? Here is some information to assist you. Of course, if you have any additional questions, you’re always welcome to Ask a Citizen.

                    Want to learn more? See our FAQs section.

    Speak with a Student Lending Advisor

    Mon – Fri: 8:00 am – 9:00 pm ET
    Sat: 8:30 am – 5:00 pm ET

    Helpful Tools

    Questions? Ask a Citizen.
    Questions? Ask a Citizen.

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