There’s nothing worse than starting your career as a young professional with a mountain of debt.
You worked so hard to get a good degree and a great job, but now you have all these loans to pay back.
Thankfully, there is a way to ease the burden of your student loans. How?
You can refinance them with some of the new peer to peer lending platforms that have emerged in the last several years. Technology has made it easier than ever to get a loan online and refinance your student loans fast, without too many hassles. I hope this list I put together helps!
1. Upstart
While Upstart isn’t at the top of many lists out there, it’s at the top of mine! I personally love the founding story behind Upstart and think that they’re doing a great job helping out young professionals. On their website, your education and your experience will help dictate the rates you receive!
2. SoFI
SoFi is one of the more popular platforms out there that caters to the student loan demographic. You can quickly find your rate on their website and move on to consolidating your federal or private student loans. Believe it or not, but they also have career counseling and unemployment protection.
3. Common Bond
Common Bond is another well-known lending platform that you can use to refinance your student loans. What I like about their site, along with others in this new lending industry, is that there is no prepayment penalty and member protections, should you lose your job.
4. Earnest
Earnest, similar to the above mentioned websites, is another tool that you can use to cut down on your debt and get better rates. You can use their dashboard to tailor your minimum monthly payment, make extra payments without fees, and consolidate your federal and private loans.
5. LendKey
LendKey is the last website that I found that specializes in helping you pay off your student loan debt. The service brings together lenders like credit unions and community banks to fund loans. There is a huge benefit to having this entire process streamlined. It takes away a whole lot of headache and makes things so much easier. The next two sites will be focused on ways to go about getting a personal loan.
6. Prosper
Prosper is a peer to peer lending website where you can obtain an unsecured loan for a variety of causes. You can use the loan to grow your business, consolidate your debt, improve your home, and more. We’ve written about Prosper in the past and have reviewed their website here.
7. Lending Club
Similar to Prosper, Lending Club matches you up with investors so that you can get a personal loan to finance a vacation, moving expenses, medical costs, and more. Lending Club is actually more popular than Prosper, so it’s hard to choose between the two. I’d recommend looking into both of them. We’ve also written a review of Lending Club here.
Conclusion
I hope this list helps! Let me know if you found it to be useful in the comments below :).
