Student Loan Refinance


Variable Rate Solution

The Annual Percentage Rate (APR) is variable1 and is based on the Prime index2 plus a margin3. The rate you receive depends on your credit qualifications and the repayment term you select. 

The current offered rates are4:

  • 10-Year Repayment Term:   5.75% APR

  • 15-Year Repayment Term:   5.75% APR


All loans are subject to approval and restrictions may apply. Genisys Credit Union reserves the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

Important:  Please remember that federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan you will lose any federal benefits that may apply to you. Please review this important disclosure for more information.


  1. Variable interest rate solution: the rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly based on the Index. Any increase in the Index may increase the APR and may increase the amount of your monthly payment.

  2. As of October 1st, 2017, the Prime index (Index), as published in the Wall Street Journal, used is 4.25%. For new variable interest rate loans, the Index used is the rate as published on the first business day of the last month immediately preceding each new quarter. The interest rate will not exceed 18.00% regardless of the Index.

  3. Margin will be disclosed upon approval. This Margin is added to the Index to determine the calculated interest rate.

  4. Current offered rates are calculated using the Index, Margin, and Floor values in effect. Your specific Interest Rate, Margin, Floor, and/or credit approval will depend upon the student borrower’s and cosigner’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. cosigner which may result in a better chance of approval and/or lower interest rate.


Repayment examples:
Examples provided use highest current offered rate in effect for each repayment term and assume a constant interest rate on a $50,000 loan amount.

Variable Interest Rate Solution

  • 10 year loan term: with a 5.75% APR, the monthly payment will be $548.85. Finance charges will be $15,861.53.

  • 15 year loan term: with a 5.75% APR, the monthly payment will be $415.21. Finance charges will be $24,736.91.