Why You Should Refinance Your Student Loans

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!

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Why Impact Capital?

Savings: save $1,000s with our competitive fixed interest rates starting at 3.40% APR.^*

Fast and easy online application process

No origination, pre-payment or hidden fees

Access to live US-based customer service agents

Flexibility: Choose how long you have to repay your loan.

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!

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Does ICF charge fees for the student loan refinance?

ICF does not charge application fees or origination fees, and has no prepayment penalties for the refinanced student loans.

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.

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.

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 request a full credit report from a consumer reporting agency, which is considered a hard credit pull and will affect your credit.

Who will service my loan?

Loans are serviced by Launch Servicing. Once your refinance goes into repayment, Launch Servicing can be contacted to answer any additional questions. Their contact number is 877-354-2629.

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.

Can I add a Cosigner?

Yes! Adding a cosigner may help strengthen your application profile which could result in a lower APR.

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.

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.

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.

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.

Can international students refinance with ICF?

Yes! We offer refinancing for international students residing in the United States on H-1B or STEM OPT visas starting at 3.40% APR.* Visit our refinancing section to check your rate.

Does ICF have a variable rate product?

No. Currently, ICF only offers a fixed-interest student loan refinance product.

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.

Does ICF Offer a Grace Period?

We do not offer a grace period.

What are the minimum and maximum amounts I can refinance with ICF?

The minimum amount you can refinance with ICF is $20,000, although state limitations may apply. The maximum amount is $300,000.