Citizens Financial Group, Inc. is one of the
nation’s oldest and largest financial institutions. Citizens
offers a broad range of retail and commercial banking products
and services to individuals, small businesses, middle-market
companies, large corporations and institutions.
As a leader in student lending with more than 40 years’
experience, Citizens helps families fund the college dream with
flexible repayment options to fit their budget, competitive
fixed and variable interest rates, and no application and
origination fees that are designed specifically for
undergraduate, graduate and professional degrees and for
parents, too. Plus, flexible, refinance options for recent
graduates and parents.
About the Offer:
LIMITED TIME OFFER
(through October 13, 2021)
If you choose to refinance with
a Citizens Education Refinance Loan, you could get a Best
Rate Match* with a $250
Amazon.com® Gift Card, in addition to up
to a $1,000 credit4
toward your loan.
When is the right time to refi?
Private student loan refinance rates are still low.
Depending on your unique financial situation, it might be a
good idea to review your student loans and consider your
Whether you have federal student loans†,
private student loans or both, consider refinancing part or
all of your student loan debt. We recommend that all
borrowers with federal student loan debt carefully consider
their options before refinancing with a private student
If you have private student loans in your portfolio, you
might consider refinancing those now to take advantage of
today’s low rates. For more details and to apply, please
select the Apply Now button below or call
1-888-411-2389 to speak with a Citizens Student
Lending Advisor who is dedicated to helping you find
solutions tailored to your needs.
Plus, as a current Citizens Bank
account customer, you save up to .50% off your interest rate with
Get your personalized refinance
loan rate in 2 minutes.3 Apply or find out more
To qualify for the principal
balance reduction, the borrower or co-signer (if applicable)
must have applied, be approved, and disburse a Citizens
Education Refinance Loan or an Education Refinance Loan for
Parents through the employer’s dedicated Citizens website. The
principal balance reduction will be calculated as 1% of the
amount financed with a maximum of $1,000. The loan must be in
good standing at the time the Principal Balance Reduction
Benefit is applied. Only one Principal Balance Reduction Benefit
is allowed per primary borrower. If you receive a Principal
Balance Reduction Benefit on a Citizens Student Loan, Student
Loan for Parents, Bar Study Loan, or Medical Residency Loan you
will not be eligible for another Principal Balance Reduction
Benefit on a Citizens Education Refinance Loan and Education
Refinance Loan for Parents. Principal balance reduction will be
applied with an effective date equal to the loan’s first
disbursement date. Principal balance reduction may take up to
the second month following the loan’s final disbursement date to
be applied and may be reduced if the loan amount is reduced or
cancelled. The Principal Balance Reduction Benefit will be
processed as a reduction of the loan’s principal balance and
will not impact the required monthly payment. The borrower is
solely responsible for any taxes that may be owed as a result of
the principal balance reduction earned. A tax advisor should be
consulted. Citizens Bank, N.A. does not provide tax advice.
Offer cannot be combined with other promotions, discounts or
offers – automatic payment and loyalty discounts excluded.
Citizens reserves the right to modify these terms or cancel this
offer at any point in the future for new applications.
borrower will be eligible for a 0.25 percentage point interest
rate reduction on their loan if the borrower or their co-signer
(if applicable) has a qualifying account in existence with us at
the time the borrower and their co-signer (if applicable) have
submitted a completed application authorizing us to review their
credit request for the loan. The following are qualifying
accounts: any checking account, savings account, money market
account, certificate of deposit, automobile loan, home equity
loan, home equity line of credit, mortgage, credit card account,
or other student loans owned by Citizens Bank, N.A. Please note,
our checking and savings account options are only available in
the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI,
and VT and some products may have an associated cost. This
discount will be reflected in the interest rate disclosed in the
Loan Approval Disclosure that will be provided to the borrower
once the loan is approved. Limit of one Loyalty Discount per
loan and discount will not be applied to prior loans. The
Loyalty Discount will remain in effect for the life of the loan.
Payment Discount Disclosure: Borrowers will be eligible
to receive a 0.25 percentage point interest rate reduction on
their student loans owned by Citizens Bank, N.A. during such
time as payments are required to be made and our loan servicer
is authorized to automatically deduct payments each month from
any bank account the borrower designates. Discount is not
available when payments are not due, such as during forbearance.
If our loan servicer is unable to successfully withdraw the
automatic deductions from the designated account three or more
times within any 12-month period, the borrower will no longer be
eligible for this discount.
Get My Rate: Selecting
“Get My Rate” only requires a "soft credit pull" which does not
affect your credit score. Submitting a full application will
result in an inquiry on your credit report.
Match Offer Eligibility:
Rate match is on base rate, exclusive of all discounts. Offer
eligibility is determined at Citizens’ sole discretion. To
qualify, you must submit a completed application before midnight
on 10/13/2021, and you must submit proof of eligible rate offer
from a national lender (excludes Credible and other third party
application channels), for same loan amount ($25,000 minimum)
and same repayment terms, with same primary applicant and
cosigner, issued within 30 calendar days of your Citizens
prequalified rate. You must notify us of the competitor’s lower
rate by (1) calling 877-491-3989, or (2) visiting a Citizens
branch. $250 Amazon.com Gift Card will be issued via a valid
email address within 90 days of the loan disbursement date.
Restrictions apply, see amazon.com/gc-legal for complete terms
and conditions. Limit one gift card per borrower. Excludes
borrowers who have already received an Amazon.com Gift Card from
Citizens with a prior Education Refinance Loan. Gift card amount
may be reported to the IRS. Please consult your tax advisor to
determine applicable tax consequences. Additional terms and
conditions may apply. Citizens reserves the right to modify the
terms of this offer at any point in the future for new
applications and discontinue this program at any time.
† Federal Loan
vs. Private Loan Benefits: Some federal student
loans include unique benefits that the borrower may not receive
with a private student loan, some of which we do not offer.
Borrowers should carefully review federal benefits, especially
if they work in public service, are in the military, are
considering possible loan forgiveness options, are currently on
or considering income based repayment options or are concerned
about a steady source of future income and would want to lower
their payments at some time in the future. When the borrower
refinances, they waive any current and potential future benefits
of their federal loans. For more information about federal
student loan benefits and federal loan consolidation, visit
also have several resources available to help the borrower make
a decision on our
Should I Refinance My Student Loans?
and our FAQs.
Should I Refinance My Student Loans?
includes a comparison of federal and private student loan
benefits that we encourage the borrower to review.
Wireless Charges: Wireless
carrier, text, and/or data charges may apply.
Copyright 2021 Citizens
Financial Group, Inc. All rights reserved.
Citizens is a brand names of Citizens Bank, N.A.