INvestEd
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Borrowers with $5,000 to $250,000 in student loans qualify for refinancing with INvestEd. Terms range from five to 20 years, and borrowers can opt for a variable- or fixed-rate loan. INvestEd also offers multiple deferment options that allow borrowers to temporarily pause payments.
If borrowers apply with a cosigner, they can apply for cosigner release after 48 consecutive on-time payments have been made.
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Pros
- Several forbearance options
- Can refinance while still enrolled
- Low minimum amount required
Cons
- Only available to Indiana residents
- No prequalification available
- Long cosigner release