PenFred offers low-interest rates and spousal loan options, making it the best credit union in the market. Purefy is the exclusive online lender providing PenFed's student loan products.
Pentagon Federal Credit union ranks second as the nation's largest credit union offering student loan refinancing. Borrowers are offered fixed and variable-rate options by the company with loan
repayment terms ranging between five to fifteen years. The company serves students, parents, and couples with up to $300,000 refinancing in private or federal student loan debt.
Married couples have the option of refinancing their loans together with PenFed when they file a loan application. To ensure the best rates, the primary applicant should be the spouse with the highest degree. Refinancing through PenFed's Couple Loan requires only one person to have completed a bachelor's degree or higher, unlike traditional refinancing.
Depending on whether there is a cosigner or not, the annual income requirement ranges from $42,000 to $50,000, depending on the loan amount. Financial offers, member rate discounts, and an advice center can be accessed when you are a member of PenFed.