Darien Rowayton Bank Expands Student Loan Refinance Program

DARIEN, Conn., Jan. 6, 2015 /PRNewswire/ -- Darien Rowayton Bank (DRB), a market leader in providing low rate student refinancing loans to working professionals with graduate degrees, has expanded its offerings to include loan refinancing for undergraduate degree holders and for parents who took on loans to finance their child's education.

Since June 2013, DRB has helped thousands of professionals with graduate degrees across the country to refinance and consolidate hundreds of millions in federal and private school loans. Now, working professionals who have attained bachelor's degrees can save money by taking advantage of DRB's low cost student loan refinancing. DRB offers some of the industry's lowest rates, with interest rates starting at 2.63% APR variable and 3.50% APR fixed.

DRB is also making it possible for parents who took out loans for their child's undergraduate education to refinance Parent PLUS federal loans if the child has graduated and is now professionally employed. DRB's rates are lower than most Parent PLUS loans, and parents who choose to refinance through DRB can potentially be relieved of responsibility for this debt if their child qualifies to consolidate and refinance Parent PLUS loans with their student loans through DRB.

Refinance and consolidation loans are now available to bachelor's degree holders and parents of bachelor's degree holders who meet DRB's underwriting criteria, including credit score and debt-to-income requirements. Loan repayment terms are available from 5 to 20 years, with no origination fee or prepayment penalty.

"At DRB, we've already helped many early career professionals with stable income and good credit save thousands of dollars by refinancing and consolidating their federal or private student loans," said Gary Lieberman, Chairman of the Board at Darien Rowayton Bank. "Now young professionals who have entered the working world with only an undergraduate degree can enjoy the same opportunity to save money on their loans, and so can the parents who have supported them."

To learn more about DRB's student loan refinancing programs and how they can save you or your children money, please visit student.drbank.com.

ABOUT DARIEN ROWAYTON BANK
Darien Rowayton Bank (DRB) is a market leader in student lending. FDIC insured and established in 2006, DRB has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate hundreds of millions in federal and private school loans. The student loan refinancing company is founded by Gary Lieberman, a Wharton MBA alumni and a stalwart of the financial ecosystem. For more information, visit https://student.drbank.com/.

SOURCE Darien Rowayton Bank (DRB)