You can refinance one or more federal and/or private student loans, but you must meet a lender’s credit and income requirements. Most lenders are looking for a credit score of 650 or more, as well as a stable source of income or a job offer. If you cannot meet these criteria on your own, you may qualify by applying with a creditworthy co-signer, such as a parent.
In addition to your credit score and annual income, some lenders also look at your savings and debt to income ratio. Finally, some lenders require proof of graduation, as they will only approve borrowers who have graduated. If you left school before graduating, there are relatively few student loan refinance providers who will work with you.