EdvestinU® may be a good option for residents of the state of New Hampshire or borrowers who attended a New Hampshire college. This nonprofit direct lender is a subsidiary of Granite Edvance (formerly the New Hampshire Higher Education Assistance Foundation Network).
| Loan Limits | $7,500 – $200,000 |
| Fixed Rates | 4.15%* – 9.06% |
| Variable Rates | None |
| Terms | 5, 10, 15 or 20 years |
| Min. Credit Score | 700 (without co-signer) |
| Apply | Link |
*Lowest rates always include the 0.25% interest reduction for enrolling in auto-pay.
Skip to: Rates & Fees | Eligibility Requirements | Repayment Options | Consumer Reviews & Complaints | FAQ
| Private student loans | ✓ |
| Private parent loans | |
| Federal student loans | ✓ |
| Federal Parent PLUS loans | ✓ (in parent’s name only) |
EdvestinU Refinance Rates & Fees
EdvestinU offers fixed rates only. Note that the lowest rates always include a 0.25% interest rate reduction for enrolling in auto-pay.
| Term | APR |
|---|---|
| 5 Year | 4.15% – 8.47% |
| 10 Year | 5.15% – 8.72% |
| 15 Year | 5.25% – 8.96% |
| 20 Year | 5.49% – 9.06% |
Additional information about EdvestinU refinance rates:
- Checking your rate with EdvestinU will not affect your credit score. They will conduct a soft, not hard, credit inquiry (learn the difference).
- EdvestinU does offer a discount for setting up auto-pay: 0.25% interest rate reduction.
| Year End | Fixed | Variable |
|---|---|---|
| 2025 | 4.15% – 9.06% | None |
| 2024 | 6.00% – 9.99% | 7.40% – 9.40% |
| 2023 | 6.00% – 9.62% | 8.05% – 10.05% |
| 2022 | 5.91% – 9.78% | 6.46% – 8.21% |
| 2021 | 3.91% – 6.53% | 1.81% – 4.43% |
Additional Fees
Beyond interest rates, there are a number of fees a refinance lender may charge up-front or during the loan servicing period. Below is a list of these fees that EdvestinU does or does not charge.
| Fee Type | Amount Charged |
|---|---|
| Application Fee | Undisclosed |
| Loan Origination Fee | None |
| Disbursement Fee | Undisclosed |
| Prepayment Penalty | None |
| Late Payment Fee | 5.0% of the scheduled monthly payment |
| Returned Payment Fee | Undisclosed |
| Collection Fee | Unspecified |
- Application fee – fee to apply for rates & approval.
- Loan origination fee – fee to create the new loan.
- Disbursement fee – fee for distributing funds to lenders to pay off loans that have been refinanced.
- Prepayment penalty – fee for making extra payments to reduce a refinance loan balance or pay it off early.
- Late payment fee – fee for making a late payment.
- Returned payment fee – fee for failed payments due to insufficient funds, also known as a “bounced check”.
- Collection fee – fee for collection activity on a defaulted debt. EdvestinU discloses: “In the event of a default, the borrower may incur additional collection charges as permitted under applicable law.”
Current Promotions & Offers
EdvestinU offers a 0.25% rate reduction for enrolling in automatic payments.
EdvestinU Refinance Eligibility Requirements
To qualify for refinancing with EdvestinU, all borrowers must meet the criteria below.
- Citizenship Requirement: U.S. citizenship or permanent residence.
- Income Requirement: a maximum 43% debt-to-income ratio -AND- a minimum gross income of $30,000 for loans up to $100,000 and $50,000 for loan balances above $100,000 (without an eligible co-signer).
- Credit Score Requirement: 700 (without an eligible co-signer).
- Graduation Requirement: none.
- Location Requirement: available in 19 states and Puerto Rico.
Additional restrictions apply for specific individuals and loans.
- Refinance loan applications must include two references who do not share an address with the applicant.
- Residents of the state of New Hampshire may be eligible for reduced finance charges.
- Borrowers must not have any past defaulted loans, “foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgements or other public records having an open balance exceeding $100 during the last 7 years.”
- Borrowers may not be involved in ongoing bankruptcy proceeding or had any bankruptcy filings during the past 10 years.
- EdvestinU has an aggregate maximum borrowing amount of $225,000.
EdvestinU Student Loan Repayment Options
Lenders vary greatly on the benefits and options provided to borrowers during the loan servicing period. Additionally, benefits may only be available on a case-by-case basis. EdvestinU offers some relief options.
Deferment & Forbearance
EdvestinU offers deferment in the event of economic hardship. It is unclear what other conditions may make a borrower eligible for deferment, if any. Refinance loan servicer GSMR may also offer some deferment or forbearance options.
| Condition | Coverage |
|---|---|
| Returning to grad school | Unspecified |
| Disability rehabilitation | Undisclosed |
| Active military duty | Undisclosed |
| Involuntary unemployment | Undisclosed |
| Economic hardship | Deferment, up to 12 months* |
| Natural disaster | Undisclosed |
| Temporary hardship | Undisclosed |
*Deferment due to economic hardship is approved in 3-month increments up to a maximum of 12 months.
Additional Options
EdvestinU may offer other opportunities for relief or contract modification.
- Borrowers may apply for 3-month deferment periods of up to 12 months total over the term of their loan.
- Borrowers enrolled in school at least half–time may apply to make interest-only payments.
- Co-signer release after 24 consecutive qualifying payments (recently reduced from 36 months).
- Death / disability discharge is available in the unfortunate circumstance that a borrower passes away regardless of co-signer status.
EdvestinU Reviews, Complaints & Lawsuits
Beyond our own findings, our team also collected the most genuinely insightful customer experiences we could find, including any instances of legal action against the company in which the details became public.
EdvestinU Online Reviews
Customer reviews available on public forums have some value as unedited, uncensored, and unsolicited user experiences. Note that these reviews are unverified, may include inaccuracies, and may provide outdated information (about rates, bonus offers, etc.).
“Loan Amount: $49K Credit score ~760-800 (I don’t know why but 1 bureau has me 40 points below the other 2) Pre-cosigner: 5.45% Variable, 10-year, Deferred (EdvestinU via Credible) With cosigner (Dad): 3.35% Variable, 10-year, Deferred (EdvestinU via Credible)
Also if anyone doesn’t understand white/wealth privilege, I am literally a case study in that.” – mbathrowaway152 on reddit, 6/19/2020
“It was a very easy process., I was walked through step by step on what I needed to do and the documents that I needed to get. Edvestinu website was very user friendly and they were very quick to get back with me with any questions and results of my loan refinance. Would definitely reccommend!” – Hannah on TrustSpot, 2/2/2019
“There’s a graduate repayment plan or GRP for 1 year where you pay interest only with [a major lender]. I took advantage of this during my contract position. Also look into [comparison sites] to see if you can qualify for consolidation through another company. Personally I went with EdvestinU with a 20 year term, cutting my payments in half while I wait for life to make large payments possible.” – vballboss on reddit, 9/7/2017
EdvestinU has an unclaimed profile on TrustPilot.com with no reviews posted.
EdvestinU Consumer Complaints
As consumer finance companies, student loan refinancing lenders fall under the jurisdiction of the Consumer Financial Protection Bureau (CFPB), a federal agency. As part of its mission, the CFPB allows consumers to log official complaints. These unverified complaints are publicly available on the CFPB official website.
Complaints about EDvestinU are on a downward trend. Since June 16, 2020, consumers have submitted 94 complaints about the Granite Edvance (EdvestinU) to the CFPB for an average of one (1) complaint every 24½ days, which is more than twice the average daily complaint rate among reviewed lenders.
Consumers filed six (6) complaints against Granite Edvance in 2025, which is equivalent to:
- 40.3% of the number of complaints Granite Edvance receives in an average year.
- one (1) complaint for every $10.2 million in that year’s company revenue.
- one (1) complaint for every 17 employees.
As of August 14, 2026, the CFPB no longer publishes consumer narratives detailing complaints although complaint categories are still available. For example, most complaints about Granite Edvance explicitly refer either to student loans (46.8%) or incorrect information on credit reports (44.7%).
For a full list of complaints made against Granite Edvance (EdvestinU) in the CFPB’s Consumer Complaint Database, click here. Note that complaints may be unverified and lenders with large customer bases are likely to receive complaints in greater numbers when compared with smaller lenders.
EdvestinU Lawsuits
Since its launch in 2014, EdvestinU has not been subject to any lawsuit, criminal investigation, or other such legal activity. Note that while this information is updated regularly, ongoing legal action is subject to change with no prior notice.
Frequently Asked Questions
These are the most common questions consumers have about student loan refinancing with EdvestinU.
- Is EdvestinU good for refinancing student loans?
EdvestinU may be a good option for residents of the state of New Hampshire and/or borrowers who attended a New Hampshire college or university.
- Does EdvestinU have a minimum credit score requirement?
Yes, EdvestinU requires a minimum credit score of 700 in order to qualify for student loan refinancing; a lower credit score may be acceptable if the borrower has a qualifying co-signer.
- Are EdvestinU loans federal?
EdvestinU loans are not federal. EdvestinU has no affiliation with the federal government or the U.S. Department of Education.
- Does EdvestinU charge a prepayment penalty?
There are no penalties for early payments or repaying a loan in full before its term is over.
- Does checking your rates with EdvestinU hurt your credit score?
For their prequalification process, EdvestinU performs a soft credit check, which will not hurt your credit score. If you proceed with an application, however, EdvestinU will perform a hard credit check that may affect your credit score.
- Is EdvestinU a bank?
EdvestinU is not a bank, nor is it affiliated with any bank.
- Can I refinance a EdvestinU loan?
Yes, you can refinance a EdvestinU student loan or a student loan from another private lender. There is no limit to the number of times a borrower may refinance with EdvestinU. Note, however, that every new line of credit requires a hard credit check that may affect your FICO score.
- Do I have to include any/all EdvestinU student loans with my EdvestinU refinance loan?
No, you may choose to refinance some, all, or none of your EdvestinU student loans. Note, however, that EdvestinU has a $200,000 limit on refinance loans and an aggregate borrowing limit of $225,000. In other words, borrowers may have no more than $225,000 in loans of any kind outstanding from EdvestinU; whether this is a lifetime aggregate limit is unclear.
- Can I refinance just some of my loans with EdvestinU?
Yes, you can refinance some, all, or just one of your qualifying student loans with EdvestinU. You may choose to refinance your private loans only or refinance private and federal loans together.
- Can I refinance loans that have already been refinanced?
Yes, you can refinance loans as many times as you want with EdvestinU. Note that each time you refinance, you will have to submit a new application; every application requires a hard credit check that may affect your credit score.
- Can my spouse and I refinance our loans together with EdvestinU?
EdvestinU does not allow for this manner of debt consolidation. Only primary borrowers may apply to refinance their loans.
- How long does it take to refinance with EdvestinU?
EdvestinU does not disclose a timeline; your refinance loan’s first payment comes due 30-45 days after disbursement.
- Who services EdvestinU refinance loans?
Granite State Management & Resources (GSM&R) services refinance loans from EdvestinU.
- Does EdvestinU offer a grace period?
No, EdvestinU does not offer a grace period.
- How often do variable rates change?
EdvestinU updates its variable rates according to the 30-day SOFR as of the second-to-last business day of the previous month plus a margin of between 2.97% and 4.72%.
- Can I get any special rates or discounts with EdvestinU?
EdvestinU offers a 0.25% interest rate reduction with enrollment in automatic payments.
- What happens if I file for bankruptcy?
Filing for bankruptcy does not necessarily discharge an EdvestinU refinance loan.
- Does EdvestinU partner with any major refinance lender marketplaces?
EdvestinU does not partner with Credible as part of its multilender marketplace but does appear on its website as a featured lender. Sparrow also advertises EdvestinU as a featured lender.
Compare Student Loan Refinance Reviews
| Lender | Rating |
|---|---|
| RISLA | A |
| Brazos | A- |
| ELFI | A- |
| Credible | A- |
| Advantage | B+ |
| Splash Financial | B |
| LendKey | B |
| Panacea Financial | B |
| UW Credit Union | B |
| Purefy | B |
| SoFi | B- |
| INvestEd | B- |
| Mpower Financing | B- |
| Earnest | C+ |
| Yrefy | C+ |
| EdvestinU | C+ |
| SC Student Loan | C+ |
| Sparrow | C+ |
| Citizens Bank | C |
| College Ave | C |
| ISL | C |
| MEFA | C |
| SuperMoney | C |
| SELF Refi | C |
| CU Student Choice | C |
| iHelp | C |
| Navy Federal | C |
| BECU | C |
| First Tech Federal | C |
| PA Forward | C- |
| Nelnet Bank | C- |