In an effort to provide affordable student loan refinancing and consolidation opportunities to AMS members, LendKey will provide direct access to low-cost loan options via its free platform. AMS members will also get an exclusive $500 bonus for loans obtained through this partnership.
LendKey’s average rate reduction is 2.2%. Savings could reach almost $20,000 on a $150,000 loan, as shown below, assuming a starting interest rate of 6.8% (the GradPLUS loan rate for students through 2016).
$150,000 balance for 10 years @ 6.8% = $207,145 total cost
$150,000 balance for 10 years @ 4.6% = $187,418 total cost
Total savings = $19,727
Visit LendKey to check your rates.
How it works
- Apply Online
Answer a few questions to access loans from our network of community lenders. - Get an Instant Decision
Instantly see rates and terms tailored to your loan amount, location and credit profile. - Customize Your Loan
Pick a loan term, rate and monthly payment that maximizes your savings. - Get Funded
Verify your identity and upload documents to get your loan funded by a community lender.