Introduction
As of May 20, 2026, college students, parents, and graduates exploring refinancing options have some solid choices to consider. If you’re hunting for the lowest student loan rates, Merrimack Valley Credit Union stands out with fixed refinance rates starting as low as 3.75%, paired with variable rates beginning at 5.25%. For those leaning toward variable rate programs, Clearview Credit Union offers a competitive range starting at 3.75%, making it an attractive option for borrowers comfortable with potential rate fluctuations. Fixed-rate refinances remain steady across many credit unions like USC, offering a simple, reliable 3.99%, and several others maintaining consistent rates around 4.39%. Whether you prefer the predictability of fixed rates or the flexibility of variable APRs, today's data highlights opportunities to secure favorable terms in a stable market. With most rates holding steady compared to last month, now is a good time to review your options carefully.
Refinance - Student Loans
Credit Union
Product
2026-05-20
(Current Day)
(Current Day)
2026-05-13
(7 Days Ago)
(7 Days Ago)
2026-05-05
(15 Days Ago)
(15 Days Ago)
2026-04-20
(30 Days Ago)
(30 Days Ago)
2026-04-05
(45 Days Ago)
(45 Days Ago)
2026-03-21
(60 Days Ago)
(60 Days Ago)
2026-02-19
(90 Days Ago)
(90 Days Ago)
2025-11-21
(180 Days Ago)
(180 Days Ago)
Variable Rates [Refinance]
5.25 - 10.75
5.25 - 10.75
5.50 - 11.00▲ 25 bps
5.50 - 11.00▲ 25 bps
Variable Rates [Refinance]
3.75 - 10.25
3.75 - 10.25
3.75 - 10.25
4.00 - 10.50▲ 25 bps
4.00 - 10.50▲ 25 bps
Fixed Rates [Refinance]
5.49 - 12.00
5.49 - 12.00
5.49 - 12.00
5.49 - 12.00
5.49 - 12.00
Variable Rate (variable) [Refinance]
4.17
4.17
4.18▲ 1 bps
4.18▲ 1 bps
4.39▲ 22 bps
Refinance Student Loans (variable) [Refinance]
4.17
4.17
4.20▲ 3 bps
4.20▲ 3 bps
4.39▲ 22 bps
Refinance Student Loans (fixed) [Refinance]
4.39
4.39
4.39
4.39
4.49▲ 10 bps
Variable Rate (variable) [Refinance]
4.17
4.18▲ 1 bps
4.18▲ 1 bps
4.18▲ 1 bps
4.20▲ 3 bps
4.20▲ 3 bps
3.86▼ 31 bps
Refinance Student Loans (variable) [Refinance]
4.17
4.17
4.18▲ 1 bps
4.18▲ 1 bps
Variable Student Loan (variable) [Refinance]
4.17
4.17
4.18▲ 1 bps
4.18▲ 1 bps
4.20▲ 3 bps
MERRIMACK VALLEY CREDIT UNION
As of May 20, 2026, MERRIMACK VALLEY’s refinance student loan rates remain steady with fixed rates ranging from 3.75% to 8.75% and variable rates from 5.25% to 10.75%, unchanged over the past 30 days. The fixed-rate product offers the most competitive low-end APR at 3.75%, making it a strong option for borrowers seeking stable payments. Borrowers with current rates above 8% may benefit from refinancing to lower their interest costs. Evaluate your loan terms carefully; consider refinancing when potential savings exceed any associated fees. For more details, visit https://brightbridge.studentchoice.org/student-loan-refinance/#Rates,
CLEARVIEW FEDERAL CREDIT UNION
CLEARVIEW’s refinance student loan rates remain steady this week, with variable rates holding at 3.75% to 10.25% and fixed rates stable between 5.49% and 12.00% over the past 30 days. The lowest variable APR of 3.75% continues to be the most competitive option for borrowers seeking flexible payments. Fixed rates offer predictable costs but start higher. Consider refinancing if your current rate exceeds 8%, as CLEARVIEW’s consistent pricing could reduce your interest expenses without added risk. For more details, visit https://clearviewfcu.studentchoice.org/student-loan-refinance/.
USC CREDIT UNION
As of May 20, 2026, USC’s Student Loan Refinance (fixed) rate remains steady at 3.99% APR with no change over the past 30 days. This stable rate positions USC’s refinance product as a competitive option for borrowers seeking consistent, low fixed rates. If your current student loan rate exceeds 8%, refinancing with USC could offer meaningful savings. Given the unchanged APR, it’s advisable to evaluate potential savings against any refinancing costs to ensure a net benefit before proceeding.
1ST ADVANTAGE FEDERAL CREDIT UNION
As of May 20, 2026, 1ST ADVANTAGE’s refinance student loan rates remain stable. The Variable Rate Refinance holds steady at 4.17% APR, unchanged from one week ago and down slightly by 1 basis point over 30 days. The Fixed Rate Refinance remains constant at 4.39% APR with no change in the past month. These rates are competitive for borrowers seeking to lower their current loan costs. Consider refinancing if your existing rate exceeds 8%, as these options offer significant savings potential without recent rate increases. For more details, visit https://partner.lendkey.com/1stadvantage/refinance.
CAPITAL CREDIT UNION
As of May 20, 2026, CAPITAL’s refinance student loan rates remain stable. The private variable refinance rate holds steady at 4.17%, unchanged over the past week and slightly down 1 basis point compared to 30 days ago. The private fixed refinance rate remains constant at 4.39%, showing no movement in the last month. With variable rates at a competitive low of 4.17%, borrowers with higher current rates should consider refinancing to reduce interest costs. Evaluate refinancing if your existing loan rate exceeds 8%, as CAPITAL’s consistent pricing offers potential savings. For more details, visit https://partner.lendkey.com/capitalcu/refinance.
FINANCIAL PARTNERS CREDIT UNION
As of May 20, 2026, FINANCIAL PARTNERS' refinance student loan rates remain steady. Both the Variable Student Loan and the Fixed Student Loan are holding at 4.17% APR and 4.39% APR, respectively, with no changes over the past 7 days. These rates represent competitive options for borrowers seeking to lower their current loan costs. Consider refinancing if your existing rate exceeds 8%, as these stable rates could offer meaningful savings. For more details, visit https://partner.lendkey.com/fpcu/refinance.
FRANKLIN MINT FEDERAL CREDIT UNION
As of May 20, 2026, FRANKLIN MINT’s refinance student loan rates remain steady, with the variable APR at 4.17% and the fixed APR at 4.39%, unchanged over the past week. These competitive rates offer borrowers an opportunity to reduce interest costs compared to higher-rate loans on the market. Variable rates at 4.17% represent the most affordable option currently available for refinancing. Borrowers with existing loans above 8% should consider refinancing to lower their payments and overall interest expense, provided potential savings exceed refinancing fees. For more details, visit https://partner.lendkey.com/fmfcu/refinance.
MAINSTREET FEDERAL CREDIT UNION
As of May 20, 2026, MAINSTREET’s Variable Rate Refinance loan slightly decreased to 4.17% APR, down 1 basis point from both 7 and 15 days ago, maintaining a stable trend over the past month. The Fixed Rate Refinance loan remains steady at 4.39% APR with no change in the last 30 days. The variable option offers the most competitive rate currently. Borrowers with rates above 8% should consider refinancing now to benefit from these lower APRs, especially given the consistent pricing. Evaluate potential savings against any refinancing costs before proceeding. For more details, visit https://partner.lendkey.com/mainstreetcu/refinance.
TOPLINE FINANCIAL CREDIT UNION
As of May 20, 2026, TOPLINE FINANCIAL’s refinance student loan rates remain steady. The variable refinance rate holds at 4.17%, unchanged over the past week and down slightly by 1 basis point from 15 and 30 days ago. The fixed refinance rate remains constant at 4.39% across all recent intervals. The variable option offers the lowest APR, making it the most competitive choice for borrowers seeking potential savings. Borrowers with current rates above 8% should consider refinancing, especially if the fixed or variable rates here reduce overall interest costs. For more details, visit https://partner.lendkey.com/topline/refinance.
UNIVERSITY FIRST FEDERAL CREDIT UNION
As of May 20, 2026, UNIVERSITY FIRST’s Variable Student Loan Refinance rate remains steady at 4.17%, showing a slight decline from 4.18% fifteen and thirty days ago. The Fixed Student Loan Refinance rate holds firm at 4.39%, unchanged over the past month. With the variable option offering the lowest APR and a modest downward trend, it presents a competitive choice for borrowers seeking flexibility. Consider refinancing if your current loan rate exceeds 8%, as these rates could lower your interest costs significantly over time. For more details, visit https://partner.lendkey.com/canyonviewcu/refinance.
LendMesh
Your degree is the goal—but smart funding is the key. At LendMesh, we empower students and parents to compare lender offers side-by-side and make decisions that protect your future. Start your journey today at https://www.lendmesh.com/loans/student_loans .
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Conclusion
Looking ahead, students and parents should consider locking in their rates if they favor stability, especially with fixed-rate programs hovering just below 4.40% at multiple credit unions. Even small APR shifts can significantly impact total repayment costs over time, so timely action matters. Variable rates might appeal if you anticipate paying off loans quickly or expect market rates to decline, but be mindful of future fluctuations. If you’re weighing refinancing, gather personalized quotes soon to compare terms and see if switching lenders can save you money or reduce monthly payments. For parents supporting their families’ education financing needs, exploring these competitive refinance options could lead to meaningful savings without compromising financial flexibility. Staying informed and proactive remains key, now is an ideal moment to explore your best fit before any rate changes occur this summer.