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740 qualifies you for near-best private student loan rates. Refinancing existing federal loans at 740 offers significant savings for most graduate borrowers.
Our Top Picks for 740 Credit Score
Best Rate
Earnest
APR Range4.45% – 7.49%
Min. Credit Score650
Why we recommend it: Earnest's rates for 740+ borrowers are among the lowest available for private student loans, with flexible repayment and no fees.
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Best for Refinancing
Splash Financial
APR Range4.74% – 7.24%
Min. Credit Score700
Why we recommend it: Splash Financial's lender network consistently produces the lowest refinancing rates for 740+ borrowers.
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Best Benefits
SoFi Student Loans
APR Range4.99% – 7.49%
Min. Credit Score650
Why we recommend it: SoFi's member benefits and competitive rates make them a top choice for 740 borrowers, especially for refinancing.
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Frequently Asked Questions
What student loan rate can I get at 740?
740 borrowers qualify for 4.74–7.5% APR from top private lenders. This is significantly better than federal graduate loan rates (8.08%).
How much can I save by refinancing at 740?
On $100,000 in federal grad loans at 8.08%, refinancing to 5.5% at 740 saves $2,580/year or $25,800 over 10 years.
Should I refinance all my federal loans at 740?
Refinance loans you're confident you won't need income-driven repayment for. Keep loans in federal programs if you're pursuing Public Service Loan Forgiveness.