Last Updated March 2023
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BEST OF THE BEST
DESCRIPTION
College Ave offers the best student loan lender due to its many repayment options. This private lend...
FEATURES
- Undergrad rates - Fixed:3.22%-13.95% with autopay discount
- Graduate rates - Fixed:3.99%-111.98 % with autopay discount
Pros
- College Ave has a fast loan approval time of three minutes.
- Availability of many repayment options.
- College Ave conducts free and soft prequalification
- This student loan lender has a cosigner’s release policy.
DESCRIPTION
Sallie Mae is a perfect solution for graduate students because of its friendly Graduate Repayment Pr...
FEATURES
- Undergrad rates - Fixed:3.75%- 13.72% with autopay discount
- Graduate rates - Fixed:4.22%- 12.92%with autopay discount
Pros
- Sallie Mae has fixed APR rates from as low as 2% for undergraduate students.
- The company offers a four-month tutoring service for undergraduate loans
- The company offers FICO quarterly scores to borrowers.
- Sallie Mae does not charge origin fees
- The company has consigners’ release policies
DESCRIPTION
Ascent has tight eligibility criteria for its student loans. Before giving out loans, they consider...
FEATURES
- Undergrad rates - Fixed: 5.17%-13.21%
- Graduate rates - Fixed: 5.31%-14.96%
Pros
- Ascent does not charge originating, application, and disbursement fees.
- The companies give a 1% cashback reward to graduating clients.
- Borrowers can start repaying up to nine months after graduating.
- Ascent offers a soft online pre-qualification service with no credit score interference.
- Undergraduate juniors and seniors lacking a cosigner can access the Non-Cosigned Outcome-Based Loans.
- Ascent rewards up to $525 to people who refer its services to others using the Refer a Friend Program.
DESCRIPTION
Credible offers a free platform for clients to compare terms and rates from several other private st...
FEATURES
- Undergrad rates - Fixed: 3.20% - 14.54%
- Graduate rates - Vary from lender to lender
Pros
- The company allows clients to compare multiple loans offers with one loan application
- Credible conducts a soft online prequalification program without affecting the credit score.
- The company does not charge originating, prepayment, or service fees.
- Credible student loans can finance any degree program.
- Borrowers can apply for student loans without cosigners.
DESCRIPTION
SoFi does not approve student loans without thoroughly reviewing the client’s cash flow, financial r...
FEATURES
- Undergrad rates - Fixed: 3.75%- 13.30% APR with autopay discount
- Graduate rates - Fixed: 4.75%- 13.30% APR with autopay discount
Pros
- SoFi app offers reward points that you can use to pay for student loans.
- This private student loan lender company has an unemployment protection plan that allows borrowers to suspend their loan payments for twelve months.
- SoFi does not require borrowers to have cosigners.
- Clients can access career advice via the company’s Career Services department.
DESCRIPTION
LendKey loan marketplace has partnered with a vast network of credit unions and community banks. The...
FEATURES
- Undergrad rates - Fixed: 2.99%-9.93% with autopay
- Graduate rates - Vary by lender
Pros
- LendKey has partnered with reputable community banks and credit unions.
- The company has in-house customer service and services loans itself.
- LendKey has a policy that releases cosigners after twelve to forty-eight months of timely payments
- The company rewards $200 to individuals who successfully refer new clients.
- LendKey has a few complaints related to its student loans from the (CFPB) Consumer
Advertisers and marketers have flooded this internet with tons of Student Loans that claim to be the best. It can be hard to know which one is the best out of all those options. This article will give you a list of 6 Student Loans so you can make an educated decision before choosing what’s right for you.