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Top Private Student Loans of 2019

When it comes to paying for college, sometimes you need a little extra help like in the form of private student loans especially if you have already exhausted savings, scholarships, grants, and Federal student aid. Although private student loans tend to charge a bit more than Federal ones, but when they go to use for a valuable degree, they can be very much worthwhile. The most important place to look is the interest rates and fees when choosing your student loans. Private student loan rates come from a combination of your credit history, market interest rates set by the Federal Reserve and the banking system, and the terms of the student loan you select. Consider the interest rate, origination fees (if any), early payment fees (if any), and other costs the lender can charge associated with the loan when reviewing costs.

Let’s dive into a list of the best private student loans to apply for today:

Credible- A unique and helpful feature that has helped Credible gain the top spot is that it’s not a direct student lender itself, instead, with one application at Credible, you can get rates for up to eight student lenders at once which saves you both time and money. Some of the lenders that make our top list include Citizens Bank, College Ave, Discover Student Loans, EDvestinU, iHELP, INvestEd, Raise private student loans, Sallie Mae, and SunTrust.

Sallie Mae- In today’s market, this is by far the biggest student lender that offers both undergrad and graduate student loans with fixed and variable interest rates. It even offers loans for K-12 if you want to send your kids to a private school. Both students and parents can avail of the loan. It takes just about 15 minutes to apply without any origination fees or pre-payment penalties.

College Ave- It is a full-service student lender with loans available for undergrad, graduate, and parent loans. It only takes about three minutes to complete an application and get a decision without any application or early payoff fees. Fixed loans range from 5.29 to 12.78 percent and variable rates range from 3.94 to 11.19 percent. College Ave only does student loans and the loans are simple and straightforward.

CommonBond- Not just a student lender trying to make money, CommonBond also offers a program for businesses to offer student loan assistance as an employee benefit. It offers four repayment options that start either in-school or after graduation. Loans are available for undergrads, grad students, and parents with interest rates for those loans ranging from 3.69 to 9.74 percent APR with 5 to 15 year payback periods.

Citizens Bank- Although it is a newer entrant to the student loan market, but it has come in with a bang and offers competitive rates, low fees, and a wide range of options. Citizens Bank student loans are issued under the branding Citizens One and are available in 5 to 15-year terms to students or parents. Fixed interest rates range from 6.45 to 12.05 percent and variable rates go from 6.42 to 12.02 percent APR. You can get a 0.25 percent rate discount with automatic payments like with most student lenders.

Contact Details:

Student FinTech, LLC.
539 W. Commerce St. #1903
Dallas, TX 7 ...

News Release: Top Private Student Loans of 2019
Submitted on: September 05, 2019 02:09:28 PM
Submitted by: STU Fintech
On behalf of: