Borrowers often believe that paying back their student loan debt directly to the federal government is their only option—resigned to robotically paying that monthly payment, feeling like it will never end. Not true! You can reduce your monthly student loan payment by refinancing. The key is to find the best student loan refinancing lender and the good news is that DollarGeek has researched the best student loan refinancing lenders.

So, now that you’re going to go shopping for the best student loan refinancing lender, what do you need? First and foremost, it is important to have a healthy credit score. A solid credit score will help you snag a better interest rate, which will lower monthly payments and save you money.

Want to get an idea of what your monthly payment can look like? Check out our student loan refinancing calculator here.