Will my interest rate increase for my refinanced loan? December 20, 2021 01:47 Updated No. Our interest rates are fixed, which means they will never increase. You can learn more about interest rates to refinance .your loan here. Related articles What is the origination fee to refinance my loan? What will my interest rate be if I refinance my student loan? Are there any fees for late or returned payments? Is there a prepayment penalty to pay off my refinanced student loan? How does my loan in my home country get converted into U.S dollars? Are there any fees associated with it?