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Student Loan Refinance

Refinance and earn a $250 Cash Bonus2 And enjoy no payments and no interest for 3 months3

How Much Could I Save? Refinance my Student Loan

Or call 1-317-524-5168

Student Loan Refinance

Take control of your student loan repayment.


  • Offered in Partnership with Credit Union Student ChoiceRefinance and consolidate your private and federal student loans (including PLUS loans) into one manageable loan
  • Refinance up to $125,000 with one convenient payment
  • Potentially lower your rate1
  • Co-borrower not required, yet qualified co-borrower could result in lower interest rate
  • Co-borrower release with 48 months of consecutive monthly on-time payments
  • 25% rate discount during repayment for automated electronic payments


  • Get a fixed monthly payment with a rate that doesn't change over time.
  • 5-, 10-, and 15-year repayment terms


  • As rates rise and fall according to the market index, your monthly payment may change over time.
  • 5-, 10-, and 15-year repayment terms

Apply Now

Special Offer from logo for Elements Financial

Refinance and earn a $250 Cash Bonus2 And enjoy no payments and no interest for 3 months3

Should I refinance my student loans?

With rates at historic lows, refinancing your student loans could help you pay your loans off sooner or save on your monthly payment. But we know that everyone’s student loan situation is unique, and figuring out where to start can be tough. Check out our Guide to Refinance or consult with our College Counselor to determine if it makes sense for you.

Get Started

Who do I go to with my questions?

You can talk to us! Look to us for answers to your questions about student loans.

Set up a complimentary one-on-one appointment with a Student Lending Expert.

  • Explore options and identify differences between federal and private student loans
  • Discuss options for undergraduate degrees
  • Discuss options for graduate students seeking a business degree
  • Get assistance completing your student loan application

Schedule a Meeting with a Student Loan Advisor

Does Elements offer first-time, traditional student loans (not refinance)?

No. Even though you will apply for these loans through your school, we are still here to answer your questions at the Student Loan Hotline: 1-317-524-5168 or by email.

We do offer an Undergraduate Private Student Loan. This private education line of credit, fills the gap when you've exhausted all other lower-cost sources of aid.

  • For students attending most four-year public and private nonprofit schools
  • Covers cost of attendance: tuition, fees, books, room and board, other related expenses
  • School-certified, convenient line of credit allows for one application and multiple draw requests
  • Flexible repayment options during school and after graduation, including the option to defer payment while still a student

More Details Email Us

Why should I go to Elements to refinance my Student Loan?

Like a Bank, Only Better!

Better Rates. Fewer Fees.

Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates, and lower loan rates.

Trusted Advice. Fresh Approach.

We pride ourselves on being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with 1-on-1 assistance as you navigate the changes that come with each of life's stages.

Respected Locally. Accessed Globally.

Headquartered in Indianapolis since 1930, we rank among the top 4% of credit unions nationally4. We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

High Tech. Human Touch.

Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.

Get Started

How do I refinance?

4 Steps to Refinance

  • Day 1 — Initial Refi Application Started - You can apply online in as little as 20 minutes. Submit your application online anytime or call 1-844-207-9919 24 hours a day, 7 days a week, to get started. Be sure to have some information handy for a smooth application.
  • Days 2-16 — Document Submission and Verification - You may need to submit additional documentation for the verification process.
  • Days 17-31 — Loan Processing and Finalization - Once you reach this point, your loan has been approved and we are waiting for any additional documents or payoff information.
  • Days 32-42 — Loan Disbursement to Your Original Lenders — Once the payoff has been verified by your original lender, we will complete a few final checks and then remit payment on your behalf per the details of your new refinance loan.

Get Started

Helpful and easy to apply for student loan products. Elements loan counselors are top notch at communicating and assisting with each step of the process.

- Paul H. | Member since 2021
  1. 1 Subject to credit qualification and additional criteria, including graduating from an approved school.
  2. 2 Student Loan Refinance $250 Cash Deposit OfferTo qualify, the loan application must be started between 4/1/2022 and 5/31/2022. Upon approval and disbursement of your refinance loan, the primary borrower will receive a cash deposit of $250. The cash deposit will be awarded in the form of a deposit to your credit union checking or savings account within 90 business days from the funding date of the loan. The primary borrower must be a credit union member in good standing at the time of deposit. Limit one cash award per borrower. The credit union reserves the right to modify the terms of this offer at any point in the future for new applications. Recipient is responsible for any applicable federal, state, or local taxes associated with receiving the cash deposit; consult your tax advisor to determine applicable tax consequences.
  3. 3 Student Loan Refinance Three Month No Payment PromotionTo qualify, the loan application must be started between 11/19/2021 and 5/19/2022 and the selected repayment term must be 10 years or less. Upon disbursement of your refinance loan, no payments will be required and no interest will accrue during a three-month promotional period. After this three-month promotional period ends, this loan requires full payments of principal and interest. The credit union reserves the right to modify the terms of this offer at any point in the future for new applications.
  4. 4 Based on asset size as of 12/31/2021