Is a credit check required to refinance student loan rates?
Whether you will need to pass a credit check will depend on what type of student loans you wish to refinance. To refinance student loan rates for federal loans, you do not need to pass a credit check. For private loans, however, you will need to pass a credit check. If your credit or your income is insufficient to qualify you to refinance private student loans, you also have the option of adding a co-signer to your agreement. You can release your co-signer from the agreement after you have made your first 48 payments on time.
