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Student Loans

Splash Financial Review: Student Loan Refinancing

Updated Dec 14, 2022   |   4 mins read

Key points:

  • Splash Financial offers student loan refinancing for both federal and private student loans.
  • You can refinance to either a fixed or variable rate.
  • There’s a minimum income requirement of $36,000 per year, and a minimum credit score of 660 is required.

on Splash Financial’s secure website
Editorial Rating

Editorial Rating

What we like:

Availability of customer support

Fixed Rates (APR)3.75% – 7.03%
Variable Rates (APR)3.05% – 7.79%
Loan Terms5, 8, 12, 15 years
Loan Amounts$7,500$300,000
See how Splash’s student loan refinancing product stacks up with other options

If you took out your student loans when you were young and unemployed, there’s a good chance you didn’t get the most competitive interest rates. If you’ve graduated and landed a job since then, your credit score has probably improved.

If that’s the case, a student loan refinance could help you score a lower interest rate. On the other hand, if you’re struggling to keep up with loan payments, a refinance could be used to extend your loan term, so you can save a little extra cash each month.

Splash Financial offers student loan refinancing that could help either type of borrower. This Splash Financial review will take a closer look at the company and what it offers, so you can decide if a Splash refinance is right for you.

In this review:

Splash Financial student loan refinancing
Minimum loan amount$5,000
Maximum loan amountNone
Loan terms5, 7, 8, 10, 12, 15, 20, or 25 years
Fixed APRs2.88% – 7.27%
Variable APRs1.99% – 7.10%
Minimum credit score660
Minimum annual income$36,000
FeesApplication fee: $0
Origination fee: $0
Prepayment fee: $0

What is Splash Financial?

Splash Financial started in 2013 as a way to help graduates and medical residents who were struggling with medical student loan debt, which can feel like a crushing burden to those just starting out in their careers. Since then, the company has expanded its services to all graduates.

The company has a mission of helping people manage their student loans―giving them more options and freedom so they can create a splash in their world instead of being overly burdened by debt.

What does Splash offer?

Splash Financial offers student loan refinance options for federal loans and private student loans. Refinancing with Splash might help reduce your interest rate or your monthly payment—especially if your credit score has improved since you first took out your loan.

Having a lower monthly payment is crucial for some people who may otherwise make career choices based solely upon their income, or for those who may need a little extra money each month for other expenses such as car payments or housing.

Refinancing your student loans can also help if you’re currently paying more than one lender. By bundling all of your loans under one new loan, you’ll only have to worry about one payment every month.

Pros & cons of Splash Financial


  • There are no prepayment penalties, origination fees, or application fees.
  • The loans you can take out are sizable, with no maximum limit, which is nice for students doing more than four years of college.


Eligibility & application requirements

Splash Financial has a minimum income requirement of $36,000 per year. Additionally, you’ll need a credit score of at least 660.

How to apply

You can easily apply online at You can get a rate quote in as little as three minutes by supplying Splash with a few basic details about yourself and your loans.

Splash Financial does ask for your Social Security number in order to provide a more accurate rate quote, but they’ll only use a soft credit pull for the initial inquiry, so it won’t affect your credit score.

Once you’ve got a rate quote, you should compare it with rates from a few other student loan refinancing companies. If you decide to move forward with Splash, you’ll have to complete the application and submit to a hard credit check.

Splash Financial alternatives

Splash Financial can be a solid option for anyone’s student loan refinancing needs. Whether you want to proceed with a loan through Splash is largely dependent upon the rate you’re quoted though.

If you want to compare Splash’s rates with a few other lenders, check out these other top-rated student loan refinance providers: