 TITLE: Is It Easy to Refinance Student Loans? CONTENT: Minimum credit score and income requirements for student loan refinancing are relatively reasonable. But the goal of refinancing isn't to simply shift your loans to another lender—it's to get better terms than what you already have.\nAs a result, it doesn't make sense to refinance unless the benefits outweigh the drawbacks. This might be why most people don't refinance until later in life when their credit scores and income may be in stellar shape.\nAccording to Purefy, a student loan refinancing marketplace, the average age of people who refinance is 35. Their average credit score is 774 and their average annual income is $98,156.\nThat's not to say you can't refinance if you're not at this level financially, but a high credit score and salary are crucial if you want to get good enough terms to make refinancing worth your while.\nOne possible solution is to get a cosigner who meets those criteria. But because the loan will also show up on their credit reports, and they'll be responsible for paying the debt if you can't, it can be challenging to persuade someone to take that risk. END