DRB Parent PLUS Loan Refinance Review
DRB, or Darien Rowayton Bank, is a leading private student lender based in Connecticut that operates in all 50 states. DRB offers student loan refinancing, Parent PLUS Loan refinancing, and new MBA loans.
DRB Parent PLUS Loan Refinance Overview
|Fixed Rate:||4.20% - 7.20%|
|Variable Rate:||3.64% - 6.29%|
|Minimum Loan Amount:||$5,000|
|Maximum Loan Amount:||None|
|Minimum Loan Term:||5 years|
|Maximum Loan Term:||20 years|
*Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%.
|Citizenship/Residency:||U.S. citizen or permanent resident (including your co-signer, if any)|
|Employment/Income:||Currently employed (or written job offer) and have sufficient income to cover debt and other life expenses|
|Eligible Schools:||Debt is from a Title IV accredited school or degree program|
Loan eligibility depends on a number of additional factors, including your credit profile, income, and total debt payments. For applicants who are currently medical or dental residents, your rate will also depend on whether you have secured employment for after residency.
|MBA||Law||Doctors & Dental & Healthcare||Residents & Fellows|
|Engineering / Computer Science||PhD & Masters||Undergraduate||Parent Loans|
- Current loan information/documents
- Proof of income and employment (e.g., recent pay stubs)
- Diploma or transcript
- Lemonade Tip: A Parent PLUS Loan can be refinanced in the parent’s or child’s name, with or without a co-signer.
- Lemonade Tip: A parent who took out a Parent PLUS Loan for his or her child can refinance as long as the child is working and has completed a bachelor’s or graduate degree.
- Lemonade Tip: DRB, at its discretion, offers full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan).
Applying is super easy – get your new rate within 2 minutes
*Checking your rate will not affect your credit score.
The 5 Best Lenders To Refinance and Consolidate Parent PLUS Loans in 2016
Want to save money on your Parent PLUS Loans? These lenders represent our top Parent PLUS Loan refinancing picks for 2017, and may be able to help you save thousands of dollars on your Parent PLUS Loan by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.
Learn your new Parent PLUS Loan interest rate in a matter of minutes.
Parent PLUS Loan Refinancing – Best of the Best
|Lender||Rates (APR)||Loan Terms (Years)||Get Your Rate||Average Savings||Learn More|
|2.38% – 6.74%||5, 7, 10, 15, 20||2 minutes||$22,359||VISIT NOW|
|3.50% - 7.28%||5, 8, 12||2 minutes||$19,000||VISIT NOW|
|3.64% - 7.20%||5, 7, 10, 15, 20||2 minutes||$20,200+||VISIT NOW|
*Make Lemonade is not a lender and does not make loans. We are a free, independent and unbiased website that helps empower borrowers so they can make more informed financial decisions. The rates, terms and other student loan information provided on this website do not legally bind Make Lemonade or the lenders referenced herein. The rates, terms and other student loan information are estimates and may change periodically and/or differ from your final rate and terms, which may be based on your individual credit profile and other factors as determined solely by the lender. If you would like to apply for a loan, please visit the website(s) of each lender and carefully review their rates, terms and conditions for further information. Average savings is for all customers generally, and not necessarily for this product specifically.