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Student Loan Refinancing

When you refinance your current student loan(s) you could potentially:
  • • Lower your payments
  • • Consolidate multiple loans
  • • Pay off your loan faster

Apply now

Have a current student loan or application in progress with Student Choice? Log in here.

Take control of your student loan repayment

Bethpage has partnered with Student Choice, a student loan marketplace dedicated to providing refinancing options for students.

Flexible repayment

Great rates, flexible terms
Choose from a variety of competitive rates and repayment terms that fit your needs.

Refinance and consolidate

Consolidate for one payment
Combine your private and federal loans (including PLUS loans) into one easy-to-manage loan.

one convenient payment

Apply online
Find your rate and apply online in minutes.

Student loan
refinance rates

We are offering competitive interest rates and multiple fixed-rate terms.



What are the borrowing limits? What will my rates be?

The minimum refinance loan amount is $5,000. The maximum loan amount will be $100,000. Make sure to review your existing loans carefully so that you borrow the exact amount you need. Rates are determined on an individual basis. For more information please visit the Student Choice website.

What types of loans can I refinance?

All loans being refinanced must be post separation from school.

Federal Education Loans:

  • Federal Family Education Loan Program (FFELP)
  • Subsidized or Unsubsidized (aka Stafford Loan)
  • Grad or Parent PLUS William D. Ford Direct Loan Program Subsidized or Unsubsidized (aka Direct Stafford Loan)
  • William D. Ford Direct Loan Program Undergraduate, Grad or Parent PLUS
  • Perkins, Nursing or Health Education Assistance (HEAL)
  • Consolidation

If you choose to refinance a federal loan, you will lose federal student loan benefits such as income driven repayment or loan forgiveness options that may be available on your current federal loan(s). In addition, federal student loans offer deferment and forbearance options that may not be available to you if you take out a private refinance loan. You may qualify for a Federal Direct Consolidation Loan. For additional information about a consolidation option for federal loans, contact the Department of Education at: See disclosures for more details.

Private Education Loans:

  • Undergrad
  • Graduate
  • Consolidation

Institutional Education Loans:

  • Undergrad
  • Graduate
  • Consolidation

Do I need to be a member of Bethpage Federal Credit Union in order to be eligible? Does my cosigner (if applicable) need to be a member?

Yes. In order to fund the loan, the borrower must be a member of Bethpage Federal Credit Union by opening a $5.00 savings account. If there is a cosigner, they do not need to be a member.

Can my spouse and I refinance our individual student loans together?

No, individuals may not refinance loans together.

What is the difference between consolidation and refinancing?

Consolidation means you are simply combining existing loans. Your total payment amount and total interest will likely remain the same, but you'll have the convenience of making one payment rather than multiple payments. This type of loan is usually associated with federal government student loans.

When you refinance, you are taking out a single new loan to pay off your old ones. You'll probably have a new interest rate, new terms, and a different monthly payment amount. This is the loan solution offered by your credit union.

How can I learn more about the loan options and rates?

For more information please visit the Student Choice website.

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Is student loan refinancing right for you?

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