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720 qualifies you for the best private student loan rates. For graduate borrowers, private loans at 720 will almost always beat federal PLUS loan rates.
Our Top Picks for 720 Credit Score
Best Rate
Earnest
APR Range4.45% – 7.99%
Min. Credit Score650
Why we recommend it: Earnest's top-tier rates for 720+ borrowers make them the best choice for private student loans, with no fees and flexible repayment.
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Best Benefits
SoFi Student Loans
APR Range4.99% – 7.99%
Min. Credit Score650
Why we recommend it: SoFi's combination of competitive rates and member benefits (career coaching, unemployment protection) makes them a top choice at 720.
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Best for Refinancing
Splash Financial
APR Range4.74% – 7.99%
Min. Credit Score700
Why we recommend it: Splash Financial specializes in student loan refinancing and offers competitive rates for 720+ borrowers through their lender network.
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Frequently Asked Questions
What private student loan rate can I get at 720?
720 borrowers qualify for 5–8% APR from top private lenders. Earnest and SoFi offer the best rates, often beating federal graduate loan rates significantly.
Is it worth refinancing federal loans at 720?
For graduate borrowers with PLUS loans at 9.08%, refinancing to 5–6% at 720 saves $1,500–$2,000/year on $50,000. For undergrads with 6.53% federal loans, the savings are smaller.
What's the best refinancing strategy at 720?
Compare Earnest, SoFi, and Splash Financial. Get quotes from all three — rates vary and the difference can be 0.5–1% on the same score.