Refinance your Student Loans

Citizens One Education Refinance Loans
  • Low Rates : As low as 1.99% APR Variable, 2.99% APR Fixed (1)
  • No Upfront Fees
  • Flexible repayment terms
  • Co-Signer release available (2)
  • Refinance up to $500,000 in private and federal student loans (3)
  • Up to 0.50% rate discount (4)

Compared to Other Refinance Loans

  • Higher Rates
  • Other lenders may cap refinance lending limits

In School Loans

Citizens One Student Loans
  • Low Rates : As low as 1.23% APR Variable, 4.25% APR Fixed (1)
  • No Upfront Fees
  • Flexible repayment terms
  • Multi-Year Approval for all years of school, one application (5)
  • Borrow up to $350,000, depending on your degree (6)
  • Up to 0.50% rate discount (4)

Compared to Federal Loans

  • High Rates : 5.30% Fixed (7)
  • Loan Origination Fees : 4.228% (8)
Citizens One and Citizens One Student Loans are brand names of Citizens Bank, N.A. Member FDIC. © 2020 Citizens Financial Group, Inc. All rights reserved.



1 Variable Rate Disclosure: Variable Rates are based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of November 1, 2020, the one-month LIBOR rate is 0.16%. Variable interest rates will fluctuate over the term of the loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree and presence of a co-signer. The maximum variable rate is the greater of 21.00% or Prime Rate plus 9.00%.   

Fixed Rate Disclosure: Fixed rate ranges are based on applicable terms, level of degree, and presence of a co-signer.

Lowest Rate Disclosure: Lowest rates require a 5-year repayment term, immediate repayment, a graduate degree (where applicable), and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Rates are subject to additional terms and conditions, and are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

Education Refinance Loan Rate Disclosure: Variable interest rates range from 1.99%-8.24% (1.99%-8.24% APR). Fixed interest rates range from 2.99%-8.49% (2.99%-8.49% APR).

Student Loan Rate Disclosure: Variable interest rates range from 1.23%-11.38% (1.23%-10.99% APR). . Fixed interest rates range from 4.25%-11.95% (4.25% – 11.53% APR)

2 Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply. Borrowers whose loans were funded prior to reaching the age of majority may not be eligible for co-signer release. Note: co-signer release is not available on the Student Loan for Parents or Education Refinance Loan for Parents.

3 Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer.  Borrowers should carefully review federal benefits, especially if they work in public service, are in the military, are considering possible loan forgiveness options, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans. For more information about federal student loan benefits and federal loan consolidation, visit http://studentaid.ed.gov/. We also have several resources available to help the borrower make a decision on our website including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.

4 Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.

Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.

5 Multi-year approval funds available for future use are subject to a soft credit inquiry at time of your next request to verify continued eligibility. After we make the initial Loan to you, we may refuse to allow you to take out additional loans under the multi-year approval feature, terms and conditions will be outlined in your promissory note.  Please Note: International students and Bar Study Loans are not eligible to receive an offer for multi-year approval.

6 Health Profession Aggregate limits disclosure: Aggregate limits up to $350,000 and loan limits up to $295,000 for MD, DMD/DDS, OD, DO, PDM, DVM, and PharmD degrees.  Aggregate limits up to $180,000 and loan limits up to $150,000 for cardiac perfusion, chiropractic, cytotechnology, nurse practitioner, occupational therapy, physical therapy, and physician assistant degrees.

7 The fixed interest rate is for Federal Direct PLUS Loans for Parents Graduate or Professional Students first disbursed on or after July 1, 2020 and before July 1, 2021. Information current as of 06/10/20; subject to change; check https://studentaid.ed.gov/sa/ for up-to-date program availability, terms, rates and conditions.

8 U.S. Dept. of Education. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. For Loans first disbursed between October 1, 2020 and September 30, 2021 the origination fee is 4.228%. Information current as of 10/01/20; subject to change; check https://studentaid.ed.gov/sa/ for up-to-date program availability, terms, rates and conditions.

Are you a health professions student? We could help you save compared to federal loans, including loans for medical, dental, veterinary, optometry, pharmacy school and even residencies 

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