Debt is expensive financially and can take a toll on both your mental health and physical well-being. By refinancing your student loans with Impact Capital Funds, not only can you save 10-50% on total loan interest, but you may be able to clear your debt up to 30% faster!
Why Impact Capital?
Savings: save $1,000s with our competitive fixed interest rates starting at 4.10% APR
No origination, pre-payment or hidden fees
Flexibility: Choose how long you have to repay your loan.
Fast and easy online application process
Access to live US-based customer service agents
Generate scholarships for your university
Process & Requirements
Get pre-qualified online
See your rate in minutes with no impact on your credit score
Select your loan rate and term
Choose from 3, 5, and 7 year repayment periods
Get approved and sign loan agreement
Loan is disbursed, and money is saved!
Borrower Frequently Asked Questions
1 Does ICF charge fees for the student loan refinance?
ICF does not charge application fees, origination fees, or prepayment penalties for the student loan refinance.
2 Is the money for my ICF loan sent to me (the borrower), or directly to the original lender?
The funds will be disbursed directly to your former loan service provider(s). This assures that your former loan balance is fully paid off.
3 Will checking my rate on the ICF website affect my credit?
To check the loan rates and terms you qualify for, ICF conducts a soft credit pull that will not affect your credit score.
4 Will applying for a student loan refinancing affect my credit?
To check the rates and terms you qualify for, ICF will conduct a soft credit pull that will not affect your credit score. However, if you choose a product and continue with your application, we will be requesting a full credit report from a consumer reporting agency, which is considered a hard credit pull.
5 Who will service my loan?
Loans are serviced by Launch Servicing. Once your refinance goes into repayment, Launch Servicer can be contacted to answer any questions. Their contact number is 877-354-2629.
6 Can my spouse and I refinance and consolidate all of our loans into one?
No. A refinanced ICF loan can only be comprised of loans that were previously under one person’s name. This means your spouse can apply separately for refinancing.
7 Can I add a Cosigner?
Yes! Adding a cosigner may help strengthen your application profile which could result in a lower APR.
8 If I default on my loan, is my co-signer responsible for repaying my loan?
Yes. If you default on your loan, your co-signer will be liable to pay it.
9 As a borrower, how long does it take to be approved and receive my ICF loan?
It takes only 2-4 minutes to prequalify. When you formally apply for your refinance loan, you will need to upload documents such as your W-2, a color copy of your driver's license, and the pay-off from your current loan(s). Once you have uploaded everything needed for the decision, you generally receive an answer within 24-48 hours.
10 What is the AutoPay discount?
The ICF 0.25% autopay interest rate reduction (discount) requires you to agree to schedule your automated monthly payments by an automatic monthly deduction from a checking or savings account.
11 What happens to my loan if ICF is no longer around?
You do not need to worry. The loan lives on and is tied to the servicer of that loan (Launch Servicing). You will continue to make payments as scheduled through the third-party loan servicer ICF works with.
12 Can international students on H-1B or STEM OPT Refinance with ICF?
Yes! We offer International Student loan refinancing with competitive rates starting at 3.9% APR. Please go to our refinance section to see your rate.
13 Does ICF have a variable rate product?
No. Currently, ICF only offers a fixed-interest student loan refinance product.
14 Will ICF Refinance both federal (government) and private student loans?
Yes, ICF will refinance and consolidate all qualified educational loans, including federal Parent PLUS loans and private loans.
15 Does ICF Offer a Grace Period?
We do not offer a grace period.
16 What are the minimum and maximum amounts I can refinance with ICF?
The minimum amount you can refinance with ICF is $20,000. The maximum amount is $200,000.