ISL Education Lending Reset Refinance Loan review

ISL Education Lending's Reset Refinance Loan is a good fit for graduates who are refinancing with a parent as cosigner and want a path to release them. Fixed rates run from 5.15% to 9.40% APR including a 0.25% auto-debit discount, and the page states there are no origination, prepayment, late or other fees. Borrowers choose from five repayment terms, and 10, 15 and 20 year loans can use graduated repayment that starts low and rises. Cosigners can apply for release after 24 consecutive on-time payments. ISL publishes its credit rules in detail, including a minimum FICO score of 670 and debt-to-income limits of 40% with housing costs. You can refinance $5,000 to $300,000 of private and federal loans, including Parent PLUS loans. Against that, the starting rate is higher than SoFi, Splash, RISLA or MEFA, there is no variable rate, and residents of California, Connecticut, Maine and Puerto Rico cannot apply currently.

Who it is for

graduates who may need cosigner release or graduated payments

Price

No origination, prepayment, late or other fees; fixed 5.15% to 9.40% APR with auto-debit.

Fixed rates from 5.15% to 9.40% APR
Quoted from the vendor pricing page on November 13, 2026.

Key features

• Fixed rates from 5.15% to 9.40% APR, including an auto-debit discount
• Five repayment terms, with graduated repayment on 10, 15 and 20 year loans
• Cosigner release after 24 consecutive on-time monthly payments
• Refinance $5,000 to $300,000 of private and federal loans, including Parent PLUS
• No origination, prepayment, late or other fees

Strengths and weaknesses

• Strength: Published credit rules, including a minimum FICO score of 670
• Strength: Graduated repayment starts with lower payments
• Strength: Reduced rates for qualifying active duty service members
• Weakness: Starting rate of 5.15% APR is higher than most lenders here
• Weakness: Residents of California, Connecticut, Maine and Puerto Rico are not eligible currently
• Weakness: No variable-rate option

Key facts

• Fixed APR: 5.15% to 9.40% with auto-debit
• Loan size: $5,000 to $300,000
• Minimum FICO: 670
• Cosigner release: After 24 on-time payments
• Fees: No origination, prepayment, late or other fees

Where it ranks

ISL Education Lending Reset Refinance Loan is No. 5 in our Best Student Loan Refinance Lenders verdict.