IMPORTANT INFORMATION: Please note that if you refinance qualifying federal student loans, you will no longer be eligible for certain federal benefits or programs and waive your right to future benefits or programs offered on those loans, which may include, but are not limited to, Public Service Loan Forgiveness, Income-Driven Repayment plans, forbearance, or certain forgiveness options granted to Parent Plus borrowers. Please carefully consider your options when refinancing federal student loans and consult www.studentaid.gov for the most current information.
From exploring federal student loan forgiveness or private refinancing to opening new student loans, we can help you find solutions that fit your goals. Get started with a free student loan consultation for expert guidance and facts on student loans, repayment and forgiveness, refinancing options, and more.
Key Student Loan Consultations
Get the answers you need with a free student loan consultation.
- Understand federal programs — Review your options and learn how to qualify or apply for federal repayment or forgiveness programs.
- Compare refinancing options — Explore refinancing rates and see if you could save money by refinancing your student loans.1
- Explore new student loans — If you need additional funds for undergraduate or graduate school, our team can help you compare new loan options.
Benefits of our Student Loan Solutions
Expert Guidance
Work one-on-one with a dedicated student loan expert who understands your specific financial needs and goals.
Personalized Solutions
From federal forgiveness programs to private refinancing or new student loans, we'll help you find the right solution for your situation.
Ongoing Education & Support
Stay informed with expert guidance and educational resources that help you make confident decisions throughout your student loan journey.
Key Student Loan Refinance
Refinancing may help you simplify your student loans and could save you money with a lower rate or a shorter term.1 Schedule a consultation to compare your repayment or refinancing options. And when you’re ready to apply, you can check your rate options online in less than 5 minutes – with no hard credit pull required2 — and no application or origination fees.
New Student Loans
Make your college dreams a reality with flexible funding options. With new federal loan limitations, private student loans can help fill funding gaps for undergraduate and graduate students. Our student loan consultants provide one-on-one guidance to help students and their families understand the process and find options for new student loans.
Student Loan Forgiveness
Get expert guidance on your path to federal student loan forgiveness. Federal forgiveness or repayment programs, such as Public Service Loan Forgiveness (PSLF)3 or Income-Driven Repayment (IDR), can be great options to help manage student loan debt for those who qualify. Navigating your options can be overwhelming — but you don’t have to do it alone.
To learn more and see if you qualify, speak with a student loan consultant today.
Frequently Asked Questions About Student Loans
For borrowers with federal student loans, or a combination of federal and private loans, our student loan experts can help you weigh your options. During your consultation, a specialist will break down your student loan profile, provide a chart on what your new loan payoff could look like, answer questions about what terms are the best for your unique situation, and answer any application questions you may have. If student loan refinancing is determined to be your best option, they can help you understand what information impacts the interest rate that you might expect to be offered on your loan refinancing. Items such as your FICO score, income level, student loan balance, and current interest rate structure can impact your offer, and your specialist can walk you through how to qualify for the lowest rates on your loans.
Our student loan consultation is designed to help you explore your federal and private student loan repayment options. After you request a consultation, you'll receive an email with a link to our secure online portal where you'll be asked to provide several items to build out your profile so that your consultant can give you the most accurate assessment based on your unique situation. This information will include:
- Types of loans that you currently hold (federal, private, direct, subsidized, unsubsidized, etc.)
- If you have any federal loans, you will be asked to provide the My Aid Data file, which you can obtain via your studentaid.gov account
- The balance and interest rate for each of your loans
- Current payment schedule
- Authorization to conduct a soft credit pull, which will not impact your credit score
Once your profile is complete, you will be able to schedule your free student loan consultation.
- The One Big Beautiful Bill Act will create a new Income-Driven Repayment Plan and adjust the current Standard Repayment Plan which will impact repayment options for borrowers and Parent PLUS borrowers with any loans disbursed after July 1, 2026. This will also end some of the current IDR plans: SAVE, PAYE, and ICR.
- After July 1, 2026, new borrowers and new Parent PLUS borrowers will be subject to the new federal student loan limitations.
- After July 1, 2027, borrowers and Parent PLUS borrowers who cannot afford to make their federal student loan payments will be limited on forbearance length and frequency. Some deferment options will no longer be an option.
- After July 1, 2027, federal student loans in default will have the opportunity to rehabilitate the loans 2 times.
- After July 1, 2028, RAP, Standard and IBR will be the only available repayment plans.
Yes, starting July 1, 2026, a student may only borrow $257,500 in federal student loans during their lifetime. Loans that have been repaid, forgiven, discharged, or cancelled will be included in the overall lifetime limit for federal student loans. This limit does not include any Parent PLUS Loans or Direct PLUS Graduate Loans.
Yes, KeyBank refinances both federal and private student loans, even if you have already refinanced or consolidated your student loans with another lender.
Get started with a free student loan consultation.
All credit products are subject to credit approval.
IMPORTANT INFORMATION: Please note that if you refinance qualifying federal student loans, you will no longer be eligible for certain federal benefits or programs and waive your right to future benefits or programs offered on those loans, which may include, but are not limited to, Public Service Loan Forgiveness, Income-Driven Repayment plans, forbearance, or certain forgiveness options granted to Parent Plus borrowers. Please carefully consider your options when refinancing federal student loans and consult www.studentaid.gov for the most current information.
1
Savings vary based on rate and term of your existing and refinanced loan(s). Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. Review your loan documentation for total cost of your refinanced loan.
2
Checking your rate for Key Student Loan Refinance only requires a soft credit pull, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
3
To qualify for Public Service Loan Forgiveness (PSLF), you must be employed by a U.S. federal, state, local, or tribal government or not-for-profit organization (federal service includes U.S. military service); work full-time for that agency or organization; have Direct Loans (or consolidate other federal student loans into a Direct Loan); repay your loans under an income-driven repayment plan; and make 120 qualifying payments. For full program requirements, visit: studentaid.gov/manage-loans/forgiveness-cancellation/public-service.
Estimated Student Loan Refinance Payment Examples
Assumptions: Repayment examples below assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
| Fixed Rate Loans | |||||
| Term | Interest Rate | APR | No. of Payments | Monthly Payment | Total Payments |
|---|---|---|---|---|---|
| 5 Year | |||||
| 7 Year | |||||
| 10 Year | |||||
| 15 Year | |||||
| 20 Year | |||||
| Variable Rate Loans | |||||
| Term | Interest Rate | APR | No. of Payments | Monthly Payment | Total Payments |
|---|---|---|---|---|---|
| 5 Year | |||||
| 7 Year | |||||
| 10 Year | |||||
| 15 Year | |||||
| 20 Year | |||||
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
Interest Rate: A simple annual rate that is applied to an unpaid balance.
Variable Rates: The current index for variable rate loans is derived from the 30-day Average Secured Overnight Financing Rate (“SOFR”) and changes in the SOFR index may cause your monthly payment to increase. Although the rate will vary after you are approved, it will never exceed 15.00%. The Index is currently published by the Federal Reserve Bank of New York (“New York Fed”). If the Index is no longer available, it will be replaced by a replacement Index according to the terms of the promissory note.
Eligibility Requirements
ELIGIBILITY & ELIGIBLE LOANS
Borrower, and Co-signer if applicable, must state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).
Borrowers may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school.
Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment.
For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.
LOAN AMOUNT
For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section above), Lender will refinance up to $50,000 in loans for non-Parent PLUS refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum.
FEE INFORMATION
There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.