All applications are subject to credit approval. Interest rates are based upon the term length and rate type (variable or fixed) selected by the borrower.
By refinancing your Federal student loans through a private refinance loan program, you will forgo certain benefits and options currently available to you. You will not be able to select Income-Driven Repayment or other flexible payments plans that are available to Federal student loan borrowers. In addition, Federal student loans offer deferment, forbearance, and loan forgiveness options that are not available to you if you take out a private refinance loan.
Visit https://studentaid.gov/understand-aid/types/loans/federal-vs-private for a description of the benefits and repayment options available to Federal student loan borrowers.