Student Refinance Process & Timing

 

How Student Loan Refinancing Works

Refinance Steps & Timeline

The loan process typically takes 2-4 weeks to complete and follows these steps:
  • 1Complete Your Application
    Submit your application online when you're ready to get started.
  • 2Review of Application & Verification of Payoffs
    We review your application to make sure everything is ready to go. (1-2 business days)
  • 3Approval of Truth in Lending Disclosure
    You have up to 30 days to sign lending documents.
  • 4Final Truth in Lending Disclosure & Right of Rescission Period
    After you sign final documents, lending laws give you a chance to reconsider. (3 business days)
  • 5Funds Received & Processed by Financial Institutions
    We set up your new loan with us! (7-10 business days)

Start Your Student Loan Refinance

Our online student loan refinance process is easy. To get started, you’ll need the following:

  • Identification & Contact Info – Your Social Security number, driver’s license number, address, phone number and email
  • Employment Details – Your employer’s name, address and phone number, and your annual salary
  • Cosigner’s Info – If applicable, you'll need to include your cosigner’s name and email address
  • Student Loan Statements – To refinance existing loans, please provide a recent statement for each loan you want to refinance that includes total loan balance, interest rate, monthly payment, and an address for the servicer to mail a payoff check to

Note: UW Credit Union does not currently offer student loans for career training programs including most short term-certificates, diplomas or other programs ineligible for financial aid. Your school needs to certify eligibility. Please contact us for further information if needed.

Apply Now

Get in Touch

Understanding your loan shouldn't feel like studying for a thermodynamics final. That's why our local experts help simplify your options, so you can focus your studies on the future.

Calendar Icon | UW Credit Union
Request a Call or Email Us | UW Credit Union

Phone Number

(800) 533-6773- ext. 2950

Already started an application? Pick up where you left off.

Need to cosign a loan? Apply now.