Nelnet Bank/U-Fi Student Loan Review
U-Fi by Nelnet was a leading private student loan lender. However, in April 2022, U-Fi was phased out — Nelnet now operates its private student loan and student loan refinancing business under the name Nelnet Bank.
Through Nelnet Bank, customers can borrow money for their undergraduate or graduate degrees, or refinance existing student loans.
Nelnet Bank (formerly U-Fi) student loan refinance review
With Nelnet Bank, you can refinance your loans and select a loan term as long as 25 years. Plus, Nelnet Bank is one of just a few lenders that allow parents to refinance and transfer the loans to the student.
Nelnet Bank student loan refinancing is a good fit for parent PLUS loan borrowers that want to transfer their debt to their child. (Note, however, that...