Register

Our Players

Players for Best Private Education Loans

You have been accepted in your dream school, but there is a problem- you don’t have enough money to pay for school. Your family have already exhausted savings, scholarships, grants, and federal student aid, but you still need extra money to cover your school expenses.
Are you afraid that you have to give up your dream school because you don't have the money? Which is your next place to look for? No Worries! Private student loans can help to get more financial aid to pay for school.
Private loans for school or college are worth considering as they are for fulfilling your dreams, not emptying your bank account. Here is the list of the best private student loans to apply to find money to finance your studies

Best Private Student Loans offered by the Top Lenders

1. Credible - Founded in 2012
private-lender-img

Credible is an online marketplace that provides borrowers with competitive and personalized loan offers from multiple verified lenders in real-time. Credible offers private student loans for college, graduate and professional degrees. The loan covers up to 100% of your school-certified costs and gives flexible repayment options.

  • Easy Loan Process
  • Multiple lender quotes in one place
  • Does not affect your credit score to get quotes
  • Receive rates upfront for a more informed decision-making process
  • Excellent customer support
2. Sallie Mae - Founded in 1972
private-lender-img

Sallie Mae is the biggest student lender in the market today that helps families to borrow private student loans to fulfil the dream of higher studies into reality. It offers undergraduate and graduate student loans with fixed and variable interest rates.
Private student loans provide 100% coverage for all school-certified expenses like tuition, housing, fees, books, meals, travel, and even computer and electronics for school, making it easy for you to borrow what you need for the entire school year.

  • Convenient application process
  • More Choices and Features
  • Better interest rates
  • More repayment flexibility
  • Easier account management
3.College Ave- Founded in 2014
private-lender-img

College Ave is a full-service student lender that provide private student loans to cover all education-related expenses. Loans are offered for every stage of higher education, including undergraduate, graduate, PhD, law, MBA, dental, medical, and other professions.
Private student loans can be used to pay your education expenses, which may include tuition, fees, housing, books, meals, travel and computers and electronics for school. Easy to fill online loan application of College Ave makes it quick to apply for a private student loan in just 3 minutes and get your credit decision. Private parent loans are also an option which allows parents or guardians to find financial aid to pay for college.

  • 3-minute quick application process
  • Offers loans with repayment terms of 5, 10 or 15 years
  • Choose from variable and fixed interest rates
  • No application or origination fees
  • No penalty for early repayment
4.Citizens Bank- Founded in 1828
private-lender-img

Citizens Bank is a large banking institution that offers student loans at competitive rates. Private student loans are available to undergraduate and graduate students with fixed and variable interest rates. The bank charges no fee for origination or pre-payment and gives repayment options of 5, 10 or 15 years.
You can apply once for multiple years to finance your degree. With Multi-year approval, you can get the money you need for all your college years. Getting your degree takes time but applying for a loan with Citizens Bank doesn’t. The simple to fill online application takes around 15 minutes to apply for a private student loan.

  • Easy Multi-year approval
  • Flexible Payments on your terms
  • Offer multi-year approval to its borrowers
  • Helpful Dedicated people and resources
5. CommonBond - Founded in 2012
private-lender-img

CommonBond is one of the leading private lenders that offers private student loans with moderate interest rates and excellent repayment terms. Loans are available for undergraduate, graduate, MBA, dental, and medical programs. Loans cover up to 100% of the school’s cost of attendance.
CommonBond has no application or pre-payment fees and gives repayment terms of 5, 10 or 15 years. The company does a lot of social good. While you are using your loan to finance your education, CommonBond will also support the education for a child in need. The company has funded over $2.5 billion in student loans.

  • Easy-to-fill application process
  • Free financial guidance and competitive rates.
  • Offer flexible terms and payment options
  • Offers financial hardship forbearance
  • No application or origination fees
  • No prepayment penalties
  • Excellent customer service
6. Discover - Founded in 1992
private-lender-img

Discover is an American financial services company that helps you find the best private student loan to fit your needs. Loans are available for undergraduate, graduate, MBA, law, health, medical, and bar exam students. Student loans cover up to 100% of your school-certified college costs with no required fees.
Discover stands out for its generous options for students who are struggling to pay for school or college. The company offers student loans with fixed or variable interest rates and comes with 15-year or 20-year repayment terms. The private student loans cover up to 100% of education expenses, and there are no application, origination, or late fees.

  • No application, origination or late fees
  • Choose from a fixed or variable interest rates
  • Repayment Options and no penalty for prepayment
  • Get interest rate reduction with an automatic monthly debit
  • 24/7 student loan specialists to help you
7. Ascent - Founded in 2017
private-lender-img

Ascent is one of the leading student loan providers that has helped thousands of students nationwide achieve their goals of paying for school tuition. As a student-focused lender, Ascent provides distinct private loan products to match a school’s precise funding needs that cover up to 100% of your costs of attendance.
Ascent has created private student loan programs that give students more opportunities to qualify for a loan with or without a cosigner. It offers two student loan options- cosigned and non-cosigned private student loans for undergraduates. Those who can’t qualify for a loan in their name can go for the cosigned loan.

  • Non-Cosigned loan option
  • Affordable fixed or variable rates
  • Customize your repayment terms
  • Get 1% cashback at graduation, and a discount if you set up automatic payments.
  • 24/7 customer service
8. LendKey - Founded in 2009
private-lender-img

LendKey is an online marketplace that enables lenders like community banks and credit unions to offer low-rate student loans. The company connects students with hundreds of non-profit credit unions and banks, helping them to borrow funds for their education and fulfil their aspirations.
LendKey brings the best private student loans with lower interest rates from its partner lenders. Private student loans provide 100% coverage for education expenses, including tuition, room and board, books, and other school-related costs. LendKey helps students save money on their loans so they can do what they want to do in their life.

  • Flexible Options from student loan lenders
  • Compare multiple loan offers in one place
  • Offers Loans with competitive interest rates
  • Repayment terms range from 5 - 20 years
  • No application or origination fees, no prepayment penalties
Criterias
Description Sallie Mae is a leading bank which has the largest marketshare in Education Loans Goal Solutions, Inc. (Goal) and Richland State Bank (RSB) created Ascent Student Loans to help revolutionize the way people pay for college. CommonBond is a marketplace lender that refinances graduate and undergraduate student loans for university graduates. Earnest is a Technology company looking to make Credit easy for Students. They work with multiple funds and lending partners. Citizesn is the 13th largest retail bank in the United States delivering all financial solutions including Student Loans Discover Student Loans are made by Discover Bank, a trusted financial institution for 100 years. Discover Bank offers a variety of financial products, including FDIC-insured LendKey connects borrowers with its network of community and regional banks and credit unions. It manages the application, support and servicing of student loans, while the capital for the loan comes from the financial institution. A division of KeyBank, online lender Laurel Road having licenses in all 50 states of the US. PNC was chartered in 1845 and has offered private student loans for more than 50 years. Social Finance, Inc. is an American online personal finance company that provides student loan refinancing, mortgages and personal loans.
Year of Establishment 1973 2001 2012 2013 1828 2010 2007 2013 1970 2011
Total Loan Book Size $22.1 Billion $26 Billion $3 Billion $4.5 billion $10 Billion+ $8.4 Billion $3.1 Billion $4 Billion+ $5 Billion+ $18 billion
Loan types Undergraduate, Career Training, Parent Loans, K12 Loans, MBA, Medical School, Medical Residency, Dental School, Dental Residency, Law School, Bar Study, Graduate All Graduate/ Undergraduate studentswith atleast half-time enrolled in a degree program at an eligible institution. Undergraduate, graduate, refinancing, MBA, medical Undergraduate, graduate, MBA, law, dental, medical, international, refinancing, parent refinancing Undergrad, graduate, MBA, law, health care, parent loans Undergrad, graduate, MBA, law, dental, health care, international, refinancing Undergrad, graduate, parent, refinancing Graduate, residents, fellows, parent, refinance Undergraduate, graduate, MBA, law, dental, medical, health professions residency, bar study, refinancing Social Finance, Inc. is an American online personal finance company that provides student loan refinancing, mortgages and personal loans.
Interest Rates Variable: 2.75% - 10.65% Variable: 3.14% - 11.88%* Fixed:4.09%- 13.03% * "Variable: 1.76 % - 5.84% Fixed: 2.93 % - 5.95%" Variable: 2.74% ( Starting) fixed : 4.39% ( Starting) "2.72% APR Variable 4.72% APR Fixed" "Variable: 2.80% - 11.37% Fixed : 4.74% - 12.74%" Variable: 3.12% (Starting) Fixed : 4.86% (Starting) Variable: 4.39% - 8.59% Fixed: 4.39% - 8.68% Variable: 4.59% - 11.09% Fixed: 4.49% - 4.99% Variable: 3.20% - 11.12% Fixed: 4.73% - 11.71%
Rate types Fixed and Variable Fixed and Variable Fixed and Variable Fixed and Variable Fixed and Variable Fixed and Variable Fixed and Variable Fixed and Variable Fixed and Variable Fixed and Variable
Loan terms Five to 15 years Flexible 5-year, 10-year or 15-year Five, 10 or 15 years for most loan types Five to 15 years Five to 15 years 15 to 20 years 10 years Five to 20 years 10 to 15 years Five to 20 years
Loan amounts $1000 up to the cost of attendance $2,000 to $200,000 $2,000 up to the cost of attendance $5,000 to school-certified cost of attendance $1,000 to $350,000 $1,000 to total cost of attendance minus other financial aid $2,000 to total cost of attendance $5,000 to no max $1,000 to $75,000 refinance $5,000 to not disclosed
Application or origination fees No Application or Origination fees No origination, disbursement, or loan application fees. None for undergraduates with cosigners, an origination fee applies for graduates without a co-signer No application fee, origination fee not disclosed No application fee, origination fee not disclosed No application, origination or late fees No application fee, origination fee not disclosed No application fee, origination fee not disclosed None No application fee, origination fee not disclosed
Discounts Autopay 1% cash back, scholarships, a Refer a Friend Program, Autopay Autopay Autopay Loyalty, autopay Autopay, cash reward for at least a 3.0 GPA Autopay Autopay Autopay Autopay, additional SoFi loan discount
Repayment Options In-school interest only, in-school fixed, in-school deferment, immediate repayment "In-School Interest Only Repayment: Pay Deferred Repayment: $25 Minimum Payment Options Available" In-school interest only, in-school fixed, in-school deferment, immediate repayment Yes, options available Not disclosed Enrollment, economic hardship Yes, options available Yes, options available
Deferment or forbearance hardship options Deferment option available Deferment and Forgiveness available Yes No, refinance only Economic hardship, military service, post active duty, enrolled or returning to school Deferment or forbearance available May be available after 12 to 36 consecutive on-time payments of principal and interest Up to 12-month forbearance for qualified hardships such as involuntary job loss or unpaid maternity leave Yes None specified
Co-signer release ( Months) Can apply for Co-signor release after making 12 payments. Full and on Time Can apply for cosigner release after making the 24 consecutive, regularly scheduled full principal and interest payments on-time After 24 payments in full and on time No Cosignor release Can apply for a co-signer release after 36 consecutive on-time principal and interest payments NA No Cosignor release Can apply to assume full responsibility of the loan after 36 consecutive on-time payments of principal and interest No Cosignor release No Cosignor release
BBB rating A+ A+ A- A+ A+ A+ A+ A+ A+ Not Accredited

© 2020 Eduloans. All rights reserved.

Designed & Developed by-