Frequently Asked Questions: Parent Refinancing Loan

To be eligible to refinance your parent student loans, including Parent PLUS loans, you must:

• Have at least $10,000 in parent student loans to refinance
• Be a U.S. Citizen, permanent resident, or resident alien with a valid U.S. Social Security number
• Additional requirements may apply. Learn more.

Citizens offers flexible repayment terms. Choose from 5, 7, 10, 15 and 20-year repayment periods.

View repayment examples

Parent student loans can be refinanced with a minimum balance of $10,000 and maximum limit of $500,000. You may also combine your private parent student loans and Parent PLUS student loans into one loan with one convenient payment each month.

Variable Rates: May help you get a low rate and monthly payment with an interest rate that changes monthly, and monthly payments that will vary over time.

Fixed Rates: Provide an interest rate that remains the same over the life of your loan and your monthly payments do not change.

See repayment examples to help you choose which rate option works best for you.