What are my private student loan options?

Private Student Loan Lenders

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  • Competitive rates and no origination fees
  • Make in-school payments or no payments until graduation1*
  • Learn more »

Sallie Mae® Smart Option Student Loan® for Degree-Granting Institutions

When grants, scholarships, and federal aid are not enough, choose the Smart Option Student Loan. You can apply for the money you need for college, and the flexibility you want.

  • Competitive variable interest rates - 2.50% APR to 9.59% APR1* (Competitive fixed interest rates also available.)
  • No origination fees and no prepayment penalties
  • Easy online application accessible on all devices
  • Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit2*
  • Borrow up to 100% of the school-certified cost of attendance3*
  • Applying with a creditworthy cosigner may help lower your interest rate and give you a better chance of approval
  • After graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, on-time principal and interest payments and meet certain credit requirements4*

Sallie Mae Private Student Loan full terms and information

Wells Fargo Student Loans1++

  • Cover the cost of college (minus other aid), including tuition, housing, books, a laptop, and more. Easy online application!

Wells Fargo undergraduate and graduate loan benefits:

  • Students make no payments while in school2++
  • Competitive interest rates and exclusive interest rate discounts3++
  • Choose a fixed or variable interest rate option
  • Get help if you need it from your own Student Loan Consultant. They’ll help you calculate how much to borrow and help answer your questions so you can make an informed decision. Just call 1-866-380-1725, Mon - Fri 7am - 8pm, Central Time
  • Pay no upfront or early repayment fees
  • Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate
  • Apply in minutes using your phone, tablet or computer!

Wells Fargo Private Student Loan full terms and information

  • Apply online in as little as 3 minutes from your phone, laptop or tablet
  • Choose to defer or start paying right away to save
  • Learn more »

Get the money you need for school quickly and at a great price.

  • Low rates, free to apply, and no disbursement fees
  • Borrow up to 100% of the school-certified cost of attendance (minimum $2,000)1^
  • The most repayment choices - and help making sense of them
  • 0.25% interest rate reduction when you make payments by automatic debit2^
  • No penalty for early repayment

We get it. You want to pay as little interest as possible and have monthly payments you can afford. That's why the College Ave Student Loan Product has low rates and multiple repayment options to help you manage the total cost of the loan.

College Ave Student Loan full terms and information

  • New Multi Year Borrowing Option1
  • Competitive fixed and variable interest rates
  • Learn more »

Citizens Bank Student Loan™

Citizens Bank® is reinventing college borrowing. With the Citizens Bank Student Loan™, borrowers get competitive fixed and variable rates, no origination, application or disbursement fees and flexible repayment options. Our goal is to provide students with better ways to pay for college! 

Choose interest and repayment terms that work for you

  • Competitive fixed and variable interest rates
  • No application, origination or disbursement fees
  • Save up to 0.50 percentage points off your interest rate with available discounts2,3
  • Flexible repayment options and terms

Citizens Bank Student Loan full terms and information

  • No origination fees
  • 0.25% interest rate reduction for automatic payments
  • Learn more »

LendKey Private Student Loan

Are federal loans enough to cover the cost of your college education? A LendKey Private Student Loan from a not-for-profit credit union can be the answer to your funding needs.

  • Variable interest loan based upon 3-month LIBOR index plus margin
  • Borrow as little as $2,000 or up to the Cost of Attendance per year
    • Borrow up to $120,000 in undergraduate debt
    • Borrow up to $160,000 in graduate debt
  • Use the funds for any qualified educational expense
  • No prepayment penalty and 30-day loan cancellation policy

LendKey Private Student Loan full terms and information

  • New Multi Year Borrowing Option1
  • Competitive fixed and variable interest rates
  • Learn more »

Citizens One Student Loan™

Citizens One Student Loans® is reinventing college borrowing. With the Citizens One Student Loan™, borrowers get competitive fixed and variable rates, no origination, application or disbursement fees and flexible repayment options. Our goal is to provide students with better ways to pay for college!

Choose interest and repayment terms that work for you

  • Competitive fixed and variable interest rates 
  • No application, origination or disbursement fees
  • Save up to 0.50 percentage points off your interest rate with available discounts2,3
  • Flexible repayment options

Citizens One Student Loan full terms and information

Need help financing your MBA? The CommonBond MBA Loan helps cover the full cost of your attendance, and saves you money over the federal loan program.

Big Savings

MBA student loans starting at 5.78% APR can save you over $10,000 vs. a federal loan.2+++ Competitive, fixed interest rates that are based on your chosen repayment term.

  • A 10-year option with a fixed interest rate of 5.59% (5.78% APR)1+++
  • A 15-year option with a fixed interest rate of 5.95% (6.09% APR)1+++

Technology

Our simple online application can be completed in minutes, so you can see your rate quickly and get on with things that manner!

Friendly Customer Service

Get your questions answered fast by our friendly care team. Whether you want to email, live chat, or call us, we're here to help you!

Community

At CommonBond, we go beyond student loans. We've designed our community to connect you with the experiences, resources, and relationships that help you get to where you want to go.

Social Promise

Make a difference! For every degree fully funded by CommonBond, we fund the education of a student in need for a full year.

CommonBond MBA Student Loan  full terms and information

  • No application, origination or disbursement fees
  • Earn a 2% principal reduction reward 1***
  • Learn more »

Hoosier Education Loan Partnership (HELP) Loan

Should grants and federal loans not cover your education costs, choose a HELP fixed or variable rate loan. Families at many Indiana colleges and universities appreciate HELP's multiple repayment plans and generous benefits. Apply to see if HELP is the answer to your education funding needs.

Choose interest and repayment terms that work for you

  • Fixed or variable interest rate options for eligible applicants
  • No application, origination or disbursement fees
  • Earn a 2.00% principal reduction reward after graduation 1***
  • Competitive variable interest rates - 3.18% APR to 8.48% APR 2*** (Competitive fixed interest rates also available)
  • Get a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit 1***
  • Flexible repayment options
  • A co-signer release option is available after the initial 48 consecutive on-time monthly payments and is subject to credit approval 1***
  • Benefit from a financial literacy tool as part of loan application process
  • Tools, information and additional help limiting student loan debt from financial aid experts at ISMCollegePlanning.org

Hoosier Education Loan Partnership (HELP) Loan full terms and information

  • Competitive fixed interest rates
  • No origination fee and no prepayment penalty
  • Co-signer release available
  • Learn more »

Need help paying for college expenses? WSFS Bank can help!

WSFS Bank is now offering Private Student Loans to meet your educational needs:

  • Competitive Interest Rates, and with good grades, potential for even lower rates
  • .25% Interest Rate Reduction when you sign up for automated ACH payments
  • Fixed Rates ranging from 7.00% to 8.25%
  • Cosigner release available for creditworthy borrowers after 48 consecutive, on-time principal and interest payments during the Repayment Period
  • Use your loan to pay for qualified education expenses, including tuition, room & board or books & computer.
  • Borrow as little as $2,000 or up to $30,000 per academic year for a maximum of $100,000 in undergraduate loans or $125,000 in graduate loans.

WSFS Bank Student Loan full terms and information

  • Your choice of fixed or variable interest rate with a 5, 10 or 15 year term
  • Cash rewards for good grades available
  • No application, origination or prepayment fees
  • Learn more

U-fi Student Loans, a Nelnet partnership, is proud to offer private student loans to undergraduate and graduate students working to achieve their educational goals. With low rates, no origination fees, a generous rewards program, and multiple repayment options, U-fi Student Loans is ahead of the competition.

Important Disclosures for U-fi Student Loans

U-fi Student Loans

  • Low fixed and variable interest rates with flexible repayment terms
  • No prepayment, application, origination or disbursement fees
  • Interest rate reduction of .25% when you enroll in auto debit payments1
  • Cosigner release option available after 24 consecutive, monthly principal and interest payments are made on time3

Eligible Schools

You must attend an eligible school.

Interest Rates

You have a choice of either a fixed or variable interest rate. Interest rates are determined by the borrower's and/or cosigner's credit, repayment option, repayment term, and loan type.

Loan Limits

  • Minimum Loan amount: $1,0005
  • Maximum student loan limits:
    • Undergraduate degree or below: $125,000
    • Graduate or doctorate degree: $150,000
    • MBA or graduate law degree: $175,000
    • Graduate health professions degree: $225,000

Borrower Benefits

  • Cash back reward up to 1.5% on each fully disbursed loan for good grades2
  • .25% interest rate reduction when borrows opt for automatic payments1

Repayment Options

We offer three different repayment options, so you can choose the plan that's right for you. After you've been approved, you'll be given a list of options to help you compare monthly payment amounts and total loan costs.

  • Immediate Repayment: Make principal and interest payments while attending school.
  • Interest Only Repayment: Make interest only payments while in school and during your six month grace period after graduation or falling below half-time status
  • Deferred Repayment: Make no payments while you're in school and during your six month grace period after graduation or falling below half-time status.

Repayment Term

You can select one of the following repayment terms:

  • 5-year term
  • 10-year term
  • 15-year term

With a shorter repayment term, you may lower your interest rate and will lower the overall cost of borrowing, but you will have higher monthly payments. A longer repayment terms will lower your monthly payment amount, but you may have a higher interest rate and will increase your overall cost of borrowing.

No matter which term you choose, you can always make additional payments without penalty. This lets you pay off your loan faster and saves you money.

U-fi Student Loan full terms and information

PrivateStudentLoans.com always recommends that students explore all of their financial aid options, from scholarships and grants to federal student loans, in addition to learning more about private student loans.

Edvisors cannot guarantee financial aid and loan eligibility for site users. Please check with your school or your lender directly for information related to your personal eligibility. Lenders that participate may not offer products to every school.

Edvisors Network receives compensation from the lenders on this site for referrals and the compensation may impact how and where the lender products appear on the site.

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What are my private student loan options?