Costs & Fees

• Will my interest rate increase for my refinanced loan?
• What is the origination fee to refinance my loan?
• Are there any fees for late or returned payments?
• What will my interest rate be if I refinance my student loan?
• How is my loan in my home country converted into U.S. dollars? Are there any fees associated with it?
• Are there any fees to refinance my loan?

Repayment Term

• Is there a prepayment penalty to pay off my refinanced student loan?
• How can I lower my payments on my refinanced loan?
• What is the repayment term for refinancing?

Borrowing Amount

• Is there a minimum and maximum loan balance that I can refinance?

Loan Eligibility: Citizenship & Visa Status

• What are the citizenship and residency requirements for refinancing my current student loan?
• Which U.S states are eligible to refinance my existing student loan?

Loan Eligibility: Schools & Program

• Do I have to be a graduate of an MPOWER-listed school to refinance my loan?
• Do I have to be a graduate of a specific program to refinance my loan?

Loan Eligibility: Credit Requirements

• Can I refinance my loan if I have bad credit or no credit history?
• Will a cosigner or co-applicant improve my chances of approval to refinance my loan?
• Can I refinance my existing MPOWER loan?

Loan Eligibility: Declined Applications

• Why was my refinance application declined?
• Can I reapply after my refinance application is denied?
• Can you review my refinance application for a lower amount?

Loan Application: How to Apply

• How do I start an application to refinance for more than one loan?
• How do I update or edit my refinance application?
• What are the steps to refinance my loan?
• Can I refinance a student loan for my family member or friend?

Loan Application: Application Status

• What is the status of my application to refinance my loan?

Loan Application: Required Documentation

• What documents do I need to refinance my loan?

Loan Application: Credit Reviews

• How does refinancing my student loan impact my U.S. credit score?

Loan Application: Approval

• How long does it take to pay off my original loan?

Loan Application: Cancellation

• Can I cancel my refinance application?

Loan Application: Disbursement

• How and when is the refinance loan disbursed?
• What if my original lender indicates that I have overpaid my loan and now have a credit balance?
• What if my original lender indicates that I still have a balance remaining on my loan?
• Should I continue to make my regular payments on my current loan while it is being refinanced?