Refinance Student Loans with INvestEd - INvestEd Skip to content
Can we lower your rate? Your monthly payment? Both? Let's find out!
It's easy and we're here to help every step of the way.

INvestEd recommends that all potential borrowers with federal student loan debt carefully consider their options before refinancing. These federal student loans may be eligible for new benefits provided under the CARES Act. When you refinance, you waive any current and potential future benefits of your federal loans and replace those with the benefits of the INvestEd Refi Loan.

  • benefit 1

    Possiblities of a lower interest rate, monthly payment or both.

  • benefit 1

    No origination fees, no application fees and no prepayment penalty.

  • benefit 1

    One monthly payment for all your student loans.

5.12 % APR 1 variable 2
5.18 % APR 1 fixed 3

We have real, local, Hoosiers ready to help you with any questions you may have.

In as little as two minutes our team can show you how much you might save by refinancing with .

Refi Savings Calculator

Photo of Matt Krieg

Reach out to Matt Krieg today at 317-715-9015 or email him at

What are the benefits of refinancing?

Benefits range from lowering your monthly payment, reducing your interest rate or possibly lowering your overall cost. Our goal is to help you manage your student loan repayment while avoiding delinquency and default.

Are my loans Federal or Private Loans?

You can investigate your current loans by visiting and logging in using your Federal Student Aid (FSA) ID. You’ll be able to view your federal loan data including information like repayment terms, interest rate, and the loan servicer contact info.

Any loans not listed under the federal site are private and you’ll have to work with your lender to get more information on your loans. They should be reaching out to you for payment so the information should be easy to find.

How much can I save?

Savings comes in many ways and depends on what is most important to you in the refinance. Will lowering your monthly payment help in managing your loan repayment or is a lower interest rate, based on your current financial position, the key? Our savings calculator allows you to see any possible change in interest rate, monthly payment and overall cost so you can decide which option best fits your needs.

Should I refinance my Federal Loans?

Due to the multiple federal repayment options that exist, refinancing federal loans is not always the best option. Federal repayment plans, including those that factor in your current income and possible loan forgiveness options are lost when you refinance federal loans. You aren’t prohibited from including them, but we strongly suggest understanding your options first.

Why should I refinance with INvestEd?

INvestEd offers competitive rates, with local customer support to help you every step of the way. If you’ve got questions, INvestEd has the answers and will work with you to make sure refinancing your student loans is the right choice for you!

What is the difference between Refinancing and Consolidating?

Consolidation combines your student loans into one loan with a new interest rate calculated on a weighted average of your current rates. Refinancing pays off your current loans and creates one new loan with one payment and an interest rate based on your current financial position.


Subject to credit approval, loans are made by INvestEd or Bank of Lake Mills. Bank of Lake Mills does not have an ownership interest in INvestEd. Neither INvestEd nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by INvestEd or Bank of Lake Mills or their respective affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.

1 Lowest rates shown are for eligible, creditworthy applicants and require shortest length of repayment and our Automatic Payment discount of 0.25 percentage points. Rates advertised include an interest rate reduction of 0.25 percentage points for setting up automatic payments. Automatic payments are not required. Borrowers are eligible to receive a 0.25% ACH interest rate reduction for payments made via automatic debit. The ACH Discount will be applied the day that the ACH payment is approved by your bank and will remain in effect until you discontinue the ACH payments, are disqualified, or the ACH Discount is suspended. You will be disqualified from this benefit if three (3) payments are returned for non-sufficient funds (NSF) within any twelve (12) month period. The ACH Discount is suspended during any deferment or forbearance period.

2 The variable rate is subject to increase after consummation. The maximum variable interest rate is 18.00%. The current APR range for the period of November 1, 2022 – January 31, 2022 is 5.12% to 9.01%. The variable interest rate that is charged to the borrower may change quarterly, may increase or decrease, and is based on an Index and Margin. The Index is defined as the average of the three-month forward-term version of the 90-day Secured Overnight Financing Rate (SOFR) published by a source approved by the Alternative Reference Rate Committee (ARRC) during the following periods: December 21st through March 20th, March 21st through June 20th, June 21st through September 20th; and September 21st through December 20th. The average of the three-month forward-term version of the 90-day Secured Overnight Financing Rate (SOFR) for the period June 21st, 2022 – September 20th, 2022 is 1.980% (Effective November 1, 2022 – January 31, 2023). Your rate will be calculated each quarter by adding a margin between 3.39% and 7.03% to the Index.

3 The fixed rate will not change during the term. The current APR range for the period of July 1, 2022 – December 31, 2022 is 5.18% to 8.36%.