First Republic Review  

By loansmack

Key Features

  • Refinance student loans for former students.
  • Can apply with & without a cosigner; cosigner release offered.
  • 5, 7, 10, 15 year repayment terms.
  • Refinance Rates: Fixed Rates – 1.95% – 2.95%.  
  • No prepayment or origination fees.

About First Republic

Founded in 1985, First Republic offers a variety of banking services, including refinancing student loans.  First Republic offices are primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Palm Beach, Boston, Greenwich, and New York City.


  • Low Rates – First Republic has some of the lowest rates around – if you qualify.  
  • Repayment Options – The amount of repayment options allows you to customize your repayment plan to your specific situation. 
    • First Republic will rebate the interest that has been paid against your loan, up to 2.00% of the original loan balance if the loan is paid in full within 48 months.


  • High bar to qualify for a loan – In order to qualify for First Republic student loan you’ll need:
    • A credit score over 750.
    • 24 months of work experience.
  • To get the low quoted rates you’ll also need:
    • A First Republic checking account, with direct deposit and automatic loan payment.
    • A loan balance between $40,000 and $300,000
    • If you don’t meet the requirements, 5.00% will be added to your rate.
    • You must be located within close proximity to First Republic offices in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland (Oregon), Boston, Palm Beach (Florida), Greenwich or New York City.

How to get started with First Republic

You can get started with First Republic through their online process.  Remember, when you get a rate estimate from a lender, this involves a 'soft credit' check, which will not affect your credit score.  When you decide to actually apply for a loan, the lender will do a hard credit pull which will slightly affect your credit score.

Documents you'll need for when applying to most lenders:

  • Government ID (passport, driver's license, green card).
  • Income verification (if applicable); this can include pay stubs, W-2's, etc.
  • Social Security number.