Why refinance your student loans with First Tech?
- No application fees, origination fees or prepayment penalties
- Flexible loan terms: 5, 7, 10, or 15 years1
- No payments for up to 90 days3
- Many ways to join First Tech.
- DebtSafe® Optional payment protection
NOTE: Borrowers who refinance federal student loans with a private loan could lose certain benefits or repayment options, such as income-based repayment plans or Public Service Loan Forgiveness. Federal student loans offer deferment and forbearance options that are not available if you refinance with a private loan. Please compare your current benefits with those of this program before refinancing. More information at www.studentaid.gov.
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Student Loan options.4
Eligibility.
- You are a First Tech member or become one as part of the loan application process (There is no set-up or recurring cost to join. See the membership FAQs.)
- You currently have private and/or federal student loans from a qualified school.
- You are at least 18 years old.
- You are the parent of a borrower who meets these criteria (See Parent Plus loans).
- The debt is from a Title IV-accredited school that offers Associates, Bachelors, Masters and/or Doctorate degrees.

Parent Plus
Yes, we offer Parent Plus student loan refinancing, with fantastic rates. Here are a few simple tips to keep in mind:
- Fill out the online application. The applicant information will be the parent’s information.
- For School/Loan/Graduate information, this will be the student’s information.
- If loans were taken out for multiple children, you will need to submit a separate application for each student beneficiary.
- If you have any questions, call a Student Loan Specialist at 1.888.422.5680

Frequently asked questions.
40% Balloon Student Loan example: $47,737 borrowed at 12.99% Annual Percentage Rate (APR) for 180 months = $497.59 per month with one final balloon payment of $19,095 due at the end of the loan term.
50% Balloon Student Loan example: $47,737 borrowed at 13.13% Annual Percentage Rate (APR) for 180 months = $475.48 per month with one final balloon payment of $23,869 due at the end of the loan term.
Interest Only 1 to 5 year Loan example: $71,116 borrowed with a 12.99% Annual Percentage Rate (APR) has a payment of $769.83 during the Interest Only repayment period for the first 5 years based on the outstanding principal balance. For the remaining years of the 15-year term, the payment will be $1,061.42 to include principal and interest combined.
Interest Only 6 to 10 year Loan example: $25,000 borrowed with a 13.79% Annual Percentage Rate (APR) has a payment of $287.29 during the Interest Only repayment period for the first 10 years based on the outstanding principal balance. For the remaining years of the 15-year term, the payment will be $578.99 to include principal and interest combined.