Why 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 loan interest, but you may be able to clear your debt up to 30% faster! See what you could save by using our calculator.

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Process & Requirements


See How Much You Could Save

Our refinance calculator allows you to see how much you could save by refinancing your student loans with Impact Capital Funds.


April 29, 2021

The ICF Guide to Student Loan Refinancing

Impact Capital Funds’ (ICF) student loan refinancing guide aims to guide a borrower who is considering refinancing student loans. Our intent is to provide a borrower with the tools necessary in order to be better informed, highly organized, and able to make a well-informed personal […]
June 30, 2021

The Struggle and Sacrifice of Parenthood

It was not infrequently that, during my teenage years or whenever I gave my parents a run for their money, my mom would loudly exclaim, “I hope you have six kids that are just like you!” I think her intent, and one that is shared […]
June 16, 2021

A Story of Life Burdened by Student Loans

Everyone has a story and, whether it be one of success despite overwhelming odds or a glimpse into someone’s seemingly interminable inner struggle, the ability to conjure images in the mind’s eye and convey complex emotions gives them tremendous power even after the subjects have passed on.


Borrower Frequently Asked Questions

1Does ICF charge fees for the student loan refinance?
ICF does not charge application fees, origination fees, or prepayment penalties for the student loan refinance.
2Is 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.
3Will 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.
4Will 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.
5Who 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.
6Can 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.
7Can I add a Cosigner?
Yes! Adding a cosigner may help strengthen your application profile which could result in a lower APR.
8If 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.
9As 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.
10What 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.
11What 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.
12Can 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.
13Does ICF have a variable rate product?
No. Currently, ICF only offers a fixed-interest student loan refinance product.
14Will 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.
15Does ICF Offer a Grace Period?
We do not offer a grace period.
16What 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.

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