Student Loan Refinancing
Save thousands by refinancing your student loans to a lower interest rate and payment to fit your budget.
Student Loan Refinancing
Refinancing your federal and private student loans can help reduce your monthly payments or even help pay off your loans faster.
We’ve partnered with LendKey to make repaying your student loan debt easier!
Maybe your current student loan rate is a little higher than you would like it to be. We now offer Student Loan Refinancing through LendKey. Today might be a perfect time to lower your student loan interest rate, start saving money and stop stressing.
$39,075
The average amount of student loan debt.
46%
of adults don't know what interest rate they are being charged.
42.5 million
Americans have student loan debt.
$1.66 Trillion
In outstanding student loan debt in the U.S .
Student Loans Aren't Fun
Watching Them Shrink is!
Refinance your existing student loans with WEOKIE to lower your monthly payment and reduce the interest rate!*
LendKey Student Loan Refinancing Features and Benefits:
- Low fixed and variable rate options
- Choose from a 5, 7, 10, and year 15 term*
- Apply in less than 15 minutes
- No origination fees or prepayment penalties
- Available for private and federal, undergraduate, and grad school student loans
- Interest Rate Reduction with automatic payments
- Co-signer Release Available for creditworthy borrowers after 12 consecutive on-time payments
WEOKIE is there every step of the way, providing the expertise to help you choose the student loan or refinancing option that best suits your needs.
We Can Help!
Are you a college graduate with high-interest rates on your student loans? WEOKIE can help you save money!
Your term
With terms of 5, 7, 10 or 15 years, you control your repayment plan. A shorter term means bigger savings but bigger monthly payments.
Your interest rate
Pick a fixed rate for stable payments or choose a variable rate if you expect your income to grow or need a lower payment now.
Your payment
Refinance numerous federal or private loans into one payment with one lender, and get 0.25% off your rate when you set up automatic payments.
Plan, Save, and Succeed
WEOKIE's College Planning Center
Visit the College Planning Center and view all of the resources available such as calculators, scholarship information, and various educational articles.
PROJECT YOUR FUTURE COLLEGE SAVINGS
Determine how much you are on track to save and estimate how much more you need to save to pay for college.
RECEIVE GRADE-SPECIFIC STEP-BY-STEP GUIDANCE
No more sifting through pages and pages of content!
DISCOVER COLLEGES AND SCHOLARSHIPS
Find colleges and scholarships that best fit students' interests and academic profiles.
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FAQs
Application Support
For questions regarding a new or existing loan application.
Monday - Friday | 7:00 AM - 8:00 PM
Phone: 888.549.9050
Email: customer.care@lendkey.com
Servicing Support
For questions regarding an existing loan.
Monday - Friday | 8:00 AM - 9:00 PM ET
Phone: 888.915.6912
Email: servicing@lendkey.com
General Questions
Email: lendersupport@lendkey.com
Apply within minutes online. Direct the borrower to your credit union website or directly to the landing page https://partner.lendkey.com/weokie/refinance.
Borrowers and cosigners must provide proof of identity and citizenship, proof of income and proof of graduation and payoff letters.
Visit https://partner.lendkey.com/weokie/refinance and click on ‘My Application’.
The average application is approved and funded within 20 days.
Over 70% of applications are signed within 10-20 days, with funding after that point. The more diligent the borrower is with the application, the quicker the process.
Once approved, the funds will be disbursed directly to the payoff lenders.
Payment amounts and due dates vary by loan type and borrower. Borrowers can log in to their LendKey account to view their due date and set up automatic ACH payments at https://myaccount.lendkey.com.
Yes, many credit unions, including WEOKIE, offer student loan refinancing. This can often help you secure a lower interest rate, reduce your monthly payments, or adjust your loan term.
As not-for-profit financial co-operatives owned by their members, credit unions are often able to offer lower interest rates and more flexible terms on loans than commercial banks or other financial institutions. That can make them a good option for refinancing.
Federal and private student loans generally do not have prepayment penalties, so refinancing your loan amount typically won’t result in a fee. However, refinancing federal loans with a private lender means losing potential benefits like federal student aid, income-driven repayment, and loan forgiveness.
All WEOKIE members are eligible to apply for student loan refinancing. It’s easy to become a member! Membership is open to:
- Persons who live, worship, work (or regularly conduct business in), or attend school in the Oklahoma City area - consisting of Canadian, Cleveland, Grady, Linco ln, Logan, McClain, Oklahoma, or Pottawatomie Counties (as well as spouses of persons who died while within the field of membership of the credit union)
- Employees of the credit union
- Volunteers in the community
- Current WEOKIE members’ immediate relatives (this includes spouses, children, siblings, parents, grandparents, grandchildren, stepparents, stepchildren, step-siblings, and adoptive relationships)
Not necessarily. At WEOKIE, we’ll take your full financial picture into account—including your current student loan, income, and debt-to-income ratio. We’ll review your credit score, credit history, and ability to repay the loan, but we also understand that everyone’s financial journey is different. If you're working to build or improve your credit, we’re happy to talk through your options and see if refinancing is the right fit for you.
It often is! Credit unions like WEOKIE are not-for-profit and member-focused, which means we’re typically more flexible and understanding when reviewing loan applications. We may offer lower rates, fewer fees, and more personalized lending decisions—especially for first-time borrowers or those building credit.
Disclosures
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