First Tech Student Loan Refinance Review: Is It Worth It?

First Tech Student Loan Refinance Review. Considering a First Tech student loan refinance? Discover the pros, cons, eligibility, rates, and more. Make an informed decision about your student debt.


Student loans can be a heavy financial burden, especially if you struggle with high-interest rates or complex repayment plans. Refinancing your student loans is a smart strategy for potentially improving your loan terms. First Tech Federal Credit Union offers refinancing options, but is it the right choice for you?

In this in-depth review, we’ll examine the details to help you decide.

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What is First Tech Student Loan Refinance?

First Tech Federal Credit Union is a credit union that offers student loan refinancing services. To be eligible, you need to become a member.


They are backed by the National Credit Union Administration, providing an added layer of security for borrowers.

First Tech offers various loan options and repayment terms, making it a possible choice for those seeking flexibility.

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Loan Options and Specifications

First Tech provides a range of loan options, including fixed-rate, variable-rate, interest-only, and balloon loans.

Loan limits range from $5,000 to $500,000, and you can choose terms from 5 to 15 years.

While they offer competitive interest rates, specific minimum credit score requirements are not publicly disclosed.

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First Tech Student Loan Refinance Rates

First Tech’s interest rates tend to be competitive but be aware that they don’t disclose their maximum APRs. Understanding the range of available rates is crucial when comparing lenders.

Refinance loan rates are tiered, and you can use a soft credit inquiry on First Tech’s website to check potential rates without impacting your credit score.

First Tech Refinance Fees

One of the benefits of First Tech is that they charge no application, origination, or prepayment fees.

However, they don’t disclose fees for disbursements, late payments, returned payments, or collections. It’s best to contact them directly to clarify these potential costs.

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Eligibility Requirements

To qualify for First Tech refinancing, you generally must:

  • Be a U.S. citizen or permanent resident
  • Have a verifiable source of income
  • Have a good credit history (exact score requirements are undisclosed)
  • Have graduated from an eligible educational institution (requirements undisclosed)
  • Reside within the United States
  • Become a member of First Tech Federal Credit Union

Pros and Cons of First Tech Student Loan Refinance


  • Potential for lower interest rates
  • Flexible repayment terms
  • Streamlined payments with consolidation
  • Co-signer option available
  • May improve your credit score


  • Loss of federal loan protections
  • Potential ineligibility for forgiveness programs
  • May require good credit for approval
  • Interest rate not guaranteed to be lower
  • Could extend the loan repayment period

Conclusion: First Tech Student Loan Refinance Review.

First Tech Student Loan Refinance can be a good option for borrowers with good credit who want to potentially lower their interest rates and simplify their student loan payments. However, carefully consider the potential loss of federal loan benefits before making the switch.

Thoroughly compare First Tech against other lenders to get the best deal tailored to your financial situation.