Positive Student Loan Outcomes
POSTED IN ARTICLES ON THURSDAY, MAY 17, 2018
Student loan refinancing gives thousands back to graduates.
College is a big expense for many people. Student loan debt surpassed $1.5 trillion1 already this year. That’s why Veridian and LendKey are working together to help graduates refinance their student loans.
We want to save you money and make repayment easier. According to its 2017 Student Loan Refinance report^, LendKey’s average borrower is saving:
- More than $10,000 over the life of the loan.
- 2.2% in annualized interest.
- As much as 40% per monthly payment.
Soak in those results for a minute, and think about how your life would change because of the benefits* from refinancing. Finally, you could have one student loan and take control of your college debt.
The online application through LendKey asks you to verify your school, degree and existing loan information. After it’s reviewed, you’ll receive email updates from LendKey about the status of your application.
1Data from the Federal Reserve and provided by MarketWatch.
^Data current as of 2/28/17. Savings calculation assumptions: (1) The loan term selected for the refinancing is the same as the original loan term. (2) A 0.25% interest rate reduction for enrolling in automatic payments. (3) On-time payments of all amounts that are due. (4) A fixed interest rate.
* Benefits from refinancing may vary and specific outcomes are not guaranteed. Your actual savings will depend on factors including, but not limited to, your existing loan details, credit score, new rate (subject to change) and new term. Applications are taken online at veridiancu.org/studentloan. Visit website for information on credit costs and terms. LendKey will process the loan application and service your loan, including the monthly payment.