INvestEd is a nonprofit Indiana lender focused on helping students and families afford education without taking on overwhelming debt. The organization offers low interest rates, multiple deferment options, and borrower-friendly features that appeal to medical professionals with significant student loan balances.
If you want to see how INvestEd compares to national lenders, you can always check your student loan refinancing rate with LeverageRx before committing to a refinance.
INvestEd Student Loan Refinance Details
INvestEd offers refinance loans with terms of 5, 10, 15, or 20 years. Loan amounts range from 5,000 dollars to 250,000 dollars, and there are no application fees, origination fees, or prepayment penalties. Borrowers can choose between fixed or variable interest rates.
To qualify, borrowers must meet these requirements:
- Minimum credit score of 670
- Annual income of at least 36,000 dollars
- Monthly debt obligations below 40 to 50 percent of gross income
- All loans must be in good standing
Private and federal student loans are eligible for refinancing.
Pros of Refinancing Your Student Loans With INvestEd
No Completed Degree Required
INvestEd allows borrowers to refinance even if they did not finish a degree program or pursued nontraditional education pathways. This gives more borrowers access to refinancing than many lenders allow.
Multiple Deferment Options
Borrowers may qualify for several deferment programs, including:
- Up to 36 months of in-school deferment
- Active-duty military deferment
- Temporary hardship forbearance
- Up to two forbearances per year, capped at 24 months total
These options offer meaningful flexibility during residency or financial hardship.
Co-Signer Release Available
Co-signers can be released after 48 consecutive on-time payments. This is helpful for borrowers who needed support when their credit profile was weaker but want full responsibility later on.
Automatic Payment Discount
Borrowers who enroll in autopay receive a 0.25 percent interest rate reduction.
Cons of Refinancing Your Student Loans With INvestEd
Only Available to U.S. Citizens or Permanent Residents
INvestEd does not refinance loans for non-citizens unless they already have permanent resident status. This limits access for international medical graduates.
No Parent-to-Child Loan Transfer
Parents can refinance Parent PLUS Loans, but they cannot transfer those loans into their child’s name through INvestEd.
Key Takeaways
INvestEd offers flexible refinancing options for Indiana residents, including generous deferment programs, co-signer release, and the ability to refinance without a completed degree. It is a strong option for borrowers seeking more repayment flexibility than national lenders usually provide. Because eligibility is limited to U.S. citizens and permanent residents and parents cannot transfer loans to children, it is important to compare alternatives before deciding. You can check your student loan refinancing rate with LeverageRx to see how INvestEd compares.
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