Education Loans Refinancing
Lower Your EMI
by up to 30% *
Refinance to unlock better terms, lower your interest rate or reduce monthly repayments to free up cash for other important things
Get Started
Lower Your EMI
Is Refinancing Right for You?
It can be, especially if you:
Have built
U.S. credit history
Want to free up cash
or cosigner
Have gotten a good job
(OPT/H-1B)
Are paying high interest
on existing loan
*Case Study
A student's story of smarter refinancing
With a $50,000 loan over 10 years, one of our students was paying $806 per month. Refinancing brought it down to $542, cutting their EMI by 32% and freeing up $263 monthly.
Monthly Savings
$0 $263
Previous Lender
Before Refinancing
Interest rate 15%
EMI $806 per month
After Refinancing Interest rate 5.51%
EMI $542 per month
Benefits
Take control of your student loan with lower interest and flexible plans
Lower Interest Rates
As low as 3.99% APR
Free Your Cosigner
Refinance and remove their obligation
Reduce Monthly Payments
No application or origination fees
Flexible Terms
You can adjust your repayment timeline basis your goals
Lower Interest Rates
As low as 3.99% APR
Free Your Cosigner
Refinance and remove their obligation
Reduce Monthly Payments
No application or origination fees
Flexible Terms
You can adjust your repayment timeline basis your goals
How it works?
Easy steps. Big savings.
Get prepared
Check the eligibility criteria for info you’ll need to apply. And check in on your credit and other financial stats.
Browse options
Explore different lenders with friendly requirements to find the perfect match for your profile.
Choose your loan terms
See rate options in minutes with no impact to your credit score. Then pick a term that works for you.
Complete your application
Filling out your info online. This step will include giving out your current work or loan information.
Trusted by Thousands of Graduates
Real People. Real Savings.
As I was heading for MBA at Columbia, I got in touch with Nomad team regarding the financing. They were super helpful and always approachable. This involved sitting with me on calls as I fill forms, helping with US cosigner doubts, helping me process all the applications. I highly recommend them!!
Anusha Goel
Columbia Business School
I’m really grateful to Nomad team for all the help and support. From the very first step, they were always just a call away. Thanks to them, the whole process felt so much smoother and less stressful. I’d happily recommend them. They truly go above and beyond for the people they works with!
Vibhuti Luthra
NYU Stern School of Business
I got in touch with Anchal regarding financing options as I head for an MBA at Stanford. She helped me get to know about all the available options with utmost patience. In the end, I was able to get a highly competitive interest rate with her help, which turned out to be the best option available in the market!
Yash Maheshwari
Stanford Graduate School of Business
Ganesh was my case manager at Nomad Credit. He helped me secure 2 student loans, 1 for each year of my MBA at UCLA Anderson. It is not always straight forward for international students to get student loans in the US, but Ganesh walked me through the whole process step by step, making it as stress free as possible. Highly recommended!
Jack Du
UCLA Anderson School of Management
Nomad Team helped me get the best possible option for my financing needs. They made sure that I got the most updated and consistent information to make the right decision towards the most important aspect of my studies i.e. money management. They were always there to help me and have a great attitude towards helping others.
Abhishek Pasricha
University of Southern California
Working with your team was an incredibly smooth and reassuring experience. A special shoutout to Karan and Deepesh, who truly went above and beyond at every stage and making sure everything was on track despite tight timelines. I’m genuinely grateful to have had such a supportive team by my side, I couldn’t have done it without you!
Sourav Mehra
UVA Darden School of Business
Since, I was doing this for the first time, I had a lot of questions. The team very patiently answered all my queries and consistently supported me from filling-up my application to document verification until I had received my loan confirmation. Overall, I really appreciate Nomad’s help in navigating me through my loan application process.
Shubham Malviya
Kellogg School of Management
Your unwavering support, particularly in navigating the challenge of securing a loan without collateral, has been truly remarkable. Special thanks to Shweta ma’am. Your service and commitment to helping students like me achieve their dreams have made a profound impact, and for that, I am deeply thankful.
Shakib Shaikh
Aston University
I’m incredibly grateful to Poonam and the entire Nomad Team for their outstanding support throughout. Their guidance was clear, timely, and tailored to my specific needs. I highly recommend them to anyone pursuing international education. They’re knowledgeable, professional, and genuinely invested in your success.
Akanksha Dilip Mhaisne
Kent State University
Thanks Sulekha & Nomad Credit for assisting me throughout. You also helped me boost my confidence personally in the entire process. I am grateful, you were there to resolve my every doubt regarding visa interview questions and any query I had. At the end, thanks once again for helping me achieve F-1 visa for the USA.
Jaspreet Kaur
University of Maryland
Your exceptional guidance made my master’s application process smooth and stress-free. You were always available and willing to answer my queries with patience and clarity. I highly recommend Nomad to anyone seeking professional guidance for their higher education journey.
Arshan Bhanage
San Jose State University
Frequently Asked Questions
About student loan refinancing
What exactly is refinancing?
Refinancing means replacing your current student loan with a new one — often with better terms like a lower interest rate, shorter repayment period, or switching from a variable to a fixed rate. It’s your chance to reduce your monthly payments, save on interest, and gain more financial freedom.
How does student loan refinancing work?
Refinancing your student loans means you’re essentially trading in your current student loan(s) for a newer one – often with a new principal and a different interest rate. Your lender uses the newer loan to pay off the old one(s), so you’re left with just one loan and one monthly payment.
Why should I Consider refinancing my student loans?
- Getting out of debt faster
- Lowering your monthly payment
- Saving on the total cost of your loan
Can I refinance my student loans while still in school?
You must have completed your degree and be employed full-time to be eligible for refinancing through our platform.
How are interest rates determined?
- Credit score: Lenders use your credit score and history to set interest rates. The better your credit, the more likely a lender is willing to refinance your loans at a lower rate. Lenders generally require a credit score in the good-to-excellent range, which means a score of at least 650 — but the higher, the better.
- Income: Lenders look at your income to ensure you’re making enough money to pay back the loan over time. As a general rule of thumb, the higher your income, the more likely you’ll be eligible to refinance your student loans.
- Other debts: Lenders want to see that you can handle all of your debt payments. If you have an excessive amount of other debts, it could prevent you from getting approved for a student loan refinancing, even if your credit history, employment situation, and income are up to par.
- Repayment terms: The repayment terms you choose on your student loan refinancing will also influence the interest rates you’re offered. For instance, lenders commonly offer variable interest rates. Choosing a variable rate may get you a lower introductory APR than a fixed-rate loan, but the variable rate might increase in the future. You may also receive a lower interest rate if you choose a shorter repayment period.
Can refinancing lower my monthly payments?
Yes. Depending on your credit profile and the terms you choose, refinancing could lower your monthly payments or help you pay off your loans faster.
More about Refinancing
What is Student Loan Refinancing?
Refinancing is your opportunity to take charge of your repayment journey. When you refinance student loans, you replace one or more existing loans with a new loan, ideally with a lower interest rate, better repayment terms, and the convenience of a single monthly payment. For study abroad students, refinancing can offer immense relief from high EMIs and complex repayment structures.
Why Refinance Student Loans?
Refinancing can help you make your abroad education loan more affordable and your future more flexible. This is why student loan refinancing is a brilliant idea:
- Reduce the interest rate (starting from 4.49%) and save on the overall cost of repayment
- Minimize your EMI and simplify monthly budgeting
- Custom repayment plans that match your goals
- No cosigner, no collateral, no stress.
- $2,000/year+ savings on taxes just by refinancing
- Combine multiple loans into one simple payment
- Shift from variable to fixed interest rates for peace of mind
How Nomad Credit Helps You Refinance
Our mission at Nomad Credit is to provide international students with the best refinancing options that are matched to their profiles. Here's what sets us apart:
- No-cost, personalized assistance throughout your refinance process.
- Step‑by‑step guidance to improve approval chances
- Transparent comparison of offers with no hidden surprises
In addition to refinance support, Nomad Credit also offers virtual study abroad counselling to help students make informed financial decisions for their academic journey. With Nomad Credit, you're never alone; we walk with you every step of the way.
Who Should Consider Refinancing?
Not sure if refinancing is right for you? See if you qualify.
- You’re an international student or graduate with private student loans
- You’re paying a high interest rate and want to reduce it
- You're juggling multiple loans and prefer one easy EMI
- Your income has increased and you qualify for better terms
- You want to switch from a variable rate to a fixed rate for stability
If you're working with a study abroad consultant, refinancing your loan could be the next smart financial step.
What Documents Are Needed to Refinance?
It is easier and quicker when the right documents are organized. To initiate the refinancing process, you will normally require:
- Passport and visa details (F-1, J-1, H-1B, etc.)
- Proof of identity and address
- Current loan statements
- Degree certificate or enrollment letter
- Income proof or job offer (if applicable)
- Credit report (if available)
Don’t worry, Nomad Credit will guide you on exactly what to prepare based on your lender’s requirements.
How the Refinancing Process Works
Refinancing doesn’t have to be overwhelming, especially with Nomad Credit by your side.
- Send Your Profile: Enter your academic, financial, and visa information.
- Get Matched to Lenders: We identify the most suitable options that match your profile.
- Compare Loan Offers: Review interest rates, EMIs, and terms, all in one place.
- Apply with Confidence: Our team guides you through the application process.
- Enjoy Lower Payments: Get a monthly saving on your education loan.
How the Refinancing Process Works
Refinancing doesn’t have to be overwhelming, especially with Nomad Credit by your side.
- Send Your Profile: Enter your academic, financial, and visa information.
- Get Matched to Lenders: We identify the most suitable options that match your profile.
- Compare Loan Offers: Review interest rates, EMIs, and terms, all in one place.
- Apply with Confidence: Our team guides you through the application process.
- Enjoy Lower Payments: Get a monthly saving on your education loan.
Things to Consider Before Refinancing
- Eligibility – Most lenders require you to have graduated, be employed, or have a qualified U.S. cosigner.
- Federal Loan Benefits – If you refinance federal loans, you lose access to benefits like income‑driven repayment and forgiveness programs.
- Longer Terms = More Interest – While longer repayment terms lower monthly EMIs, you may pay more in interest over time.
- Fixed vs. Variable Rates – Decide whether you prefer stable payments (fixed rate) or potentially lower—but fluctuating—payments (variable rate).
Frequently Asked Questions
Can international students refinance student loans in the U.S.?
Yes, with Nomad Credit, international students can find lenders who specialize in refinancing for visa holders and non‑U.S. credit histories.
Is a cosigner required?
Not always. Some lenders, especially those working with Nomad Credit, offer refinance options without a U.S.‑based cosigner.
How much can I save through refinancing?
Savings depend on your current rate and new loan terms. Many students save thousands over the life of their loan.
Will I lose federal loan benefits?
If you refinance a federal loan, you may lose access to benefits like income‑driven repayment or forgiveness programs. Nomad Credit helps you weigh the pros and cons.
How long does the refinancing process take?
Typically, 2–4 weeks once all documents are submitted. Nomad Credit speeds things up by keeping you organized and informed.
Can I refinance if I’m still studying?
Some lenders allow in‑school refinancing, but most prefer applicants who have graduated or secured a job. Nomad Credit helps find the right match.
Will refinancing impact my credit score?
Applying may cause a small, temporary dip in your score, but over time, better rates and on‑time payments can improve it.
How can I study in the USA as an international student?
To study in the USA, apply to an SEVP‑approved university, obtain an acceptance letter, secure an F‑1 visa, and provide proof of finances. Nomad Credit can help with abroad education loan options to support your journey.
What are the admission requirements for universities in the United States?
Admissions usually involve academic transcripts, standardized test scores (such as SAT, GRE, TOEFL, or IELTS), Statement of Purpose, letters of recommendation, and financial evidence. Program and university requirements can differ.
Important Links
Offices
Chicago, US
Millennium Centre, 33 W Ontario St Suite 18D, Chicago, IL 60654, United States
Mumbai, India
Sundervilla, A wing 314B, Hasmukh Nagar, Santacruz (West), Mumbai, MH 400054
Registered Office
We work, Goregaon, Building 4, North Wing, NESCO IT Park, Western Express Highway, Goregaon East, Mumbai, MH 400063
GST Regn No: 27AAGCN6529G1Z9
Partner offices in 30+ cities globally
Copyright © Unifi Lending LLC. All Rights Reserved 2025.