Find My Rate

Refinance Parent Plus Loans
With Penfed

Parent Plus Student Loan Refinance

If you currently have federal or private education loans for your child’s education, you may be paying high rates that can be lowered through a Parent PLUS loan refinance with PenFed. With our industry-leading rates and flexible terms, we can create a customized solution to save you thousands in interest.

No origination fees, no prepayment penalties—just easy financial solutions from one of the most trusted and stable financial institutions in the business.

Calculate your new parent loan rate in just seconds

Find your new rate quickly and use our Parent PLUS loan consolidation calculator to compare options. PenFed has fixed and variable rates available in 5, 8, 12, and 15 year terms to borrowers with strong credit and at least $42,000 in income.

Lower your monthly cost or pay off your private or Parent PLUS loans faster—the choice is yours. Start by answering these 2 questions.

Please Select:

Refinance parent plus student loans - on your terms

Lower Interest On Parent PLUS Loan

Lower Rates

Fixed and variable rates ensure you’re getting the rate that works for you.

Save Money by Consolidating Parent PLUS Loans

Lifetime Savings

Our savings dashboard calculates your estimated lifetime savings on your parent plus loan consolidation

Get Out Of Debt Faster

Shave Years Off

Flexible loan terms are available, so you can get debt-free sooner.

Consolidate Parent PLUS Loans

Simplify

Consolidate parent plus loans into one payment or transfer them to your child, seamlessly.

PenFed allowed me to knock a point off my student loan interest rate, which will
save me thousands of dollars over the life of the loan.

- Benjamin Herr

Great Company, the staff are very helpful… I am pleased with the results
and the refinancing at a much better rate.

- Siddharth Pandya

This had to be the best experience that I have ever had trying to get a loan.

- Mary Boner

Of all the companies' customer service representatives I've had communication with
I would rate you as TOPS!

- Chuck Nichols

Get Your Questions Answered

Refinancing parent loans can be overwhelming. Don't worry. We've got you covered.



  • Can you Refinance Parent Plus Loans?
  • Yes! PenFed can refinance parent student loans of any type, and can even consolidate Parent PLUS loans with your private student loans.

  • Can you Consolidate Parent PLUS loans with direct loans?
  • With a PenFed Parent PLUS student loan refinance, you can consolidate Parent PLUS loans with other types of federal direct loans, including both subsidized and unsubsidized. Direct loan debt in the child’s name can be assumed by the parent, whether or not the child is included on the refinance application.

  • Are you eligible for loan forgiveness after a Parent PLUS refinance?
  • When you refinance Parent PLUS student loans, you unfortunately do lose the federal benefits associated with those loan programs. It is important to keep these benefits in mind if you are considering consolidating Parent PLUS loans.

  • Can a child refinance Parent PLUS loans?
  • Yes, a child who has graduated with at least a bachelors degree can use a PenFed Parent PLUS refinance to assume the debt into their own name. We can even help if the child is interested in consolidating Parent PLUS loans with their own federal and/or private loans.
FAQs