Arjun, a Data Scientist on STEM OPT who refinanced to a US bank and reclaimed thousands of dollars in savings.
Case Study Overview
Arjun had done everything right. A STEM degree from the University of North Texas, a full-time role as a Data Scientist at Infosys by December 2024, and an annual income of $80,000 – a strong start for any fresh graduate.
But one thing lingered: an education loan at 9.5% fixed, with $34,500 still outstanding. The loan was in USD, the income was in USD – the math wasn’t terrible. But 9.5% wasn’t the best rate available anymore. Not with a stable job, a credit score of 731, and a clean repayment track record.
GradRight evaluated the full financial profile and the verdict was clear: a strong candidate for US bank refinancing. On 2 May 2025, the US bank disbursed $34,500 directly to the original lender, closing out the old loan completely. New rate: 6% fixed.
Student Financial Profile
| University | University of North Texas |
| Graduation | May 2024 |
| Program | STEM |
| Visa Status | STEM OPT (valid till Dec 2027) |
| Employer | Infosys |
| Role | Data Scientist |
| Employment Start | December 2024 |
| Annual Gross Salary | $80,000 |
| Monthly Net Income | ~$5,000 |
| Car Loan Outstanding | $10,000 |
| Credit Cards | 2 (Discover & Amex) – $1,100 outstanding |
| Credit Score | 731 |
Problem Statement
A Rate That No Longer Matched the Profile The education loan carried a 9.5% fixed interest rate on $34,500 outstanding. It wasn’t a crisis rate – but it was a rate assigned to a borrower who was still a student. That borrower no longer existed. A full-time job, a consistent income, and a clean credit history had built a profile that deserved better.
The Cost of Not Acting With both income and loan in USD, there was no currency risk – but staying at 9.5% when a significantly lower fixed rate was within reach was a cost in itself. Every month of inaction was money left on the table.
A Profile Ready for a US Bank A credit score of 731, STEM OPT visa validity through December 2027, stable employment at Infosys, and manageable existing liabilities – a car loan and two credit cards with a small outstanding balance. The profile wasn’t just eligible. It was strong.
READ MORE: Are You Eligible to Refinance Your Student Loans?
Solution
GradRight assessed the full financial picture and identified that Arjun didn’t need a staged approach. The profile was solid enough to go directly to a US bank and secure the most competitive rate available in a single move.
Single Phase – Original Lender to US Bank GradRight matched the borrower with a US bank whose eligibility criteria aligned closely with the profile. On 2 May 2025, the US bank disbursed $34,500 directly to the original lender – closing out the old loan in one clean transaction. The new rate: 6% fixed, with no reset risk for the entire tenure.
Old Loan → New Loan
Old Loan
| Lender | Original Lender |
| Interest Rate | 9.5% Fixed |
| Outstanding Loan Amount | $34,500 |
New Loan
| Lender | US Bank |
| Interest Rate | 6% Fixed |
| Disbursement Date | 2 May 2025 |
| Repayment | US Bank directly paid off original lender |
READ MORE: How International Students Can Refinance Their Education Loan in the U.S.
How Did GradRight Help?
Full Profile Evaluation
GradRight assessed employment status, visa validity, income, credit score, and existing liabilities – building a complete picture of eligibility before recommending a path forward.
Direct Lender Match
Based on the profile, GradRight identified the right US bank – one whose product and criteria aligned closely enough to make approval at a competitive rate a high-probability outcome.
End-to-End Execution
GradRight managed the process from application to disbursement, ensuring the US bank paid off the original lender directly – a clean, seamless transfer with no loose ends.
Results
- Rate: 9.5% (Original Lender) → 6% Fixed (US Bank)
- Loan Amount: $34,500 fully refinanced in a single move
- No Currency Mismatch: USD income, USD loan – no exchange rate risk
- Fixed Rate: No surprises for the entire tenure
A 3.5 percentage point reduction on $34,500 compounds into thousands of dollars saved over the loan tenure. More importantly, every month means a lower payment and more of the income stays where it belongs.
Refinancing here wasn’t about financial trouble. It was about recognising that the profile had evolved – and demanding a rate that matched it. Sometimes the best financial decision isn’t a dramatic rescue. It’s simply knowing when you’ve earned the right to a better deal – and acting on it.
