First Republic Bank Loans for Students Review 2023

Find the best student loan refinance providers

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Prvorepubliková banka only offers student refinancing loans. The lender does not provide private student loans to students who want to finance their education.

First Republic Bank offers fixed rate refinance loans from $40,000 (or $25,000 if you have a graduate degree) to $300,000. The repayment period is five, seven, 10 and 15 years.

The lender does not charge origination, annual or early repayment fees. If you repay the loan within four years, you will receive an early discount on the interest you paid on the loan (up to 2 percent of the original balance).

You must have a First Republic ATM Rebate Checking Account to qualify for the lender rates listed. Your interest rate will increase by 5 percent if you cancel your checking account, and it will increase by 2 percent if you stop taking direct deposits from your main source of income and set up automatic payments from the account.

But you get a 0.50 percent discount if you have the greater of $5,000 or 10 percent of the loan amount in your checking account.

To qualify for student loan refinancing with First Republic Bank, borrowers must live near one of the lender’s 74 branches. The bank has branches in California, Connecticut, Florida, Massachusetts, Oregon, Washington and Wyoming.

The lender does not state a minimum FICO credit score requirement, but states that a score of 750 and a high salary puts you in a better position to qualify.

Prvorepubliková banka does not offer leniency to its borrowers. The lender does not provide any information on whether the loans are settled in the event of death or permanent disability of the student.

First Republic Bank has an A+ rating with the Better Business Bureau. In 2018, the Office for Financial Consumer Protection received one complaint regarding student loans against First Republic Bank. The problem was related to receiving wrong information about the loan. Prvorepubliková banka responded to the problem in a timely manner and closed the complaint with an explanation.

  • Graduates with great credit and income
  • Graduates who have or plan to open a First Republic checking account for ATM rebates
  • Graduates who can repay the debt within four years