{"id":2791,"date":"2016-05-21T16:19:38","date_gmt":"2016-05-21T16:19:38","guid":{"rendered":"https:\/\/www.credible.com\/blog\/?p=2791"},"modified":"2024-01-11T14:01:39","modified_gmt":"2024-01-11T22:01:39","slug":"best-private-student-loans-3","status":"publish","type":"post","link":"https:\/\/www.credible.com\/blog\/student-loans\/best-private-student-loans\/","title":{"rendered":"8 Best Private Student Loans of 2024"},"content":{"rendered":"

If you\u2019ve exhausted grant, scholarship, and federal student loan options, private student loans might be a good way to fill financial gaps when paying for college. Private lenders often allow you to borrow up to your school’s certified cost of attendance, which can be especially useful if you max out your borrowing limits on federal student loans.<\/p>\n

To find the best private student loan for your needs, it\u2019s important to compare as many lender options as you can so you can find the best option. Compare your prequalified private student loan rates from Credible’s partner lenders below.<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Lender<\/th>Fixed Rates From (APR)
\n<\/th>		Variable Rates From (APR)<\/th>Max loan amount<\/strong><\/th>\n<\/tr>\n<\/thead>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 2.29%+10<\/sup>\n <\/span>\n<\/td> \n 3.6%+10<\/sup>\n <\/span>\n<\/td>$400,000<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 2.29%+10<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 3.6%+10<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n Does not disclose<\/li>\n
  • Loan amount:<\/span>\n $2,001* to $400,000 <\/li>\n
  • Loan terms (years):<\/span>\n 5, 7, 10, 12, 15, 20<\/li>\n
  • Repayment options:<\/span>\n Full deferral, fixed\/flat repayment, interest only, academic deferment, military deferment, forbearance, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n None<\/li>\n
  • Discounts:<\/span>\n 0.25% to 1.00% automatic payment discount, 1% cash back graduation reward<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident or DACA student enrolled at least half-time in a degree-seeking program<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Prequalified rates with a soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 12 on-time principal and interest payments<\/li>\n
  • Loan servicer:<\/span>\n Launch Servicing, LLC<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 3.24%+1<\/sup>\n <\/span>\n<\/td> \n 4.95%+<\/sup>\n <\/span>\n<\/td>$350,000
\n(depending on degree)<\/small><\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 3.24%+1<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 4.95%+<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n 720<\/li>\n
  • Loan amount:<\/span>\n $1,000 to $350,000<\/li>\n
  • Loan terms (years):<\/span>\n 5, 10, 15<\/li>\n
  • Loan types:<\/span>\n Any private or federal student loan<\/li>\n
  • Repayment options:<\/span>\n Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, military deferment, forbearance, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n Late fee<\/li>\n
  • Discounts:<\/span>\n Autopay, loyalty<\/li>\n
  • Eligibility:<\/span>\n Available in all 50 states (international students can apply with a creditworthy U.S. citizen or permanent resident cosigner)<\/li>\n
  • Customer service:<\/span>\n Email, phone, chat<\/li>\n
  • Soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 36 months<\/li>\n
  • Loan servicer:<\/span>\n Firstmark Services<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 2.39%+2,3<\/sup>\n <\/span>\n
\n<\/td>		 \n 3.89%+2,3<\/sup>\n <\/span>\n<\/td>Up to 100% of school-certified cost of attendance<\/td>\n<\/tr>\n
\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 3.35%+<\/sup>\n <\/span>\n<\/td> \n 3.65%+<\/sup>\n <\/span>\n<\/td>$99,999 annually
\n($180,000 aggregate limit)<\/small><\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 4.53%+8<\/sup>\n <\/span>\n<\/td> \n 5.84%+8<\/sup>\n <\/span>\n<\/td>Up to 100% of school-certified cost of attendance<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 4.53%+8<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n \n 5.84%+8<\/sup>\n <\/span>\n<\/li>\n
  • Min. credit score:<\/span>\n 670<\/li>\n
  • Loan amount:<\/span>\n $1,001 up to cost of attendance<\/li>\n
  • Loan terms (years):<\/span>\n 5, 10, 15<\/li>\n
  • Repayment options:<\/span>\n Full deferral, full monthly payment, interest only, immediate repayment, academic deferment, forbearance<\/li>\n
  • Fees:<\/span>\n Late fee<\/li>\n
  • Discounts:<\/span>\n Autopay, reward for on-time graduation<\/li>\n
  • Eligibility:<\/span>\n Must be an Indiana resident or a U.S. citizen attending an eligible Indiana school<\/li>\n
  • Customer service:<\/span>\n Email, phone, chat<\/li>\n
  • Prequalified rates with a soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 12 months<\/li>\n
  • Loan servicer:<\/span>\n American Education Services<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 4.95%+<\/sup>\n <\/span>\n<\/td>N\/A<\/td>Up to school\u2019s certified cost of attendance
\n(depending on school type and minus other aid received)<\/small><\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 4.95%+<\/sup>\n <\/span>\n<\/li>\n
  • Variable APR:<\/span>\n N\/A<\/li>\n
  • Min. credit score:<\/span>\n 670<\/li>\n
  • Loan amount:<\/span>\n $1,500 up to cost of attendance less aid<\/li>\n
  • Loan terms (years):<\/span>\n 10, 15<\/li>\n
  • Repayment options:<\/span>\n Full deferral, interest only, immediate repayment, academic deferral, forbearance<\/li>\n
  • Fees:<\/span>\n None<\/li>\n
  • Discounts:<\/span>\n None<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident and be making satisfactory academic progress.<\/li>\n
  • Customer service:<\/span>\n Email, phone<\/li>\n
  • Prequalified rates with a soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n After 48 months<\/li>\n
  • Loan servicer:<\/span>\n American Education Services (AES)<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n

\n
\n
\n
\n \n Credible Rating<\/a>\n <\/span>\n
\n \"Question\n \n Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.<\/a><\/span>\n <\/span>\n <\/span>\n <\/div>\n <\/div>\n
\n \"A\n \"A\n \"A\n \"A\n \"A\n <\/div>\n
\n View details<\/a>\n <\/div>\n <\/div>\n <\/td>
 \n 2.390%9<\/sup>\n <\/span>\n - \n 17.49%9<\/sup>\n <\/span>\n<\/span><\/td> \n 3.75%9<\/sup>\n <\/span>\n - \n 16.950%9<\/sup>\n <\/span>\n<\/span><\/td>Up to 100% of school-certified cost of attendance<\/td>\n<\/tr>\n
\n
    \n
  • Fixed APR:<\/span>\n \n 2.390%9<\/sup>\n <\/span>\n - \n 17.49%9<\/sup>\n <\/span>\n<\/span><\/li>\n
  • Variable APR:<\/span>\n \n 3.75%9<\/sup>\n <\/span>\n - \n 16.950%9<\/sup>\n <\/span>\n<\/span><\/li>\n
  • Min. credit score:<\/span>\n Does not disclose<\/li>\n
  • Loan amount:<\/span>\n $1,000 up to 100% of school-certified cost of attendance<\/li>\n
  • Loan terms (years):<\/span>\n 10 to 209<\/sup><\/li>\n
  • Repayment options:<\/span>\n Full deferral, fixed\/flat repayment, interest only, academic deferment, forbearance, loans discharged upon death or disability<\/li>\n
  • Fees:<\/span>\n Late fee, non-sufficient funds (NSF) fee<\/li>\n
  • Discounts:<\/span>\n Autopay<\/li>\n
  • Eligibility:<\/span>\n Must be a U.S. citizen or permanent resident. Also available to non-U.S. citizen students (including DACA students) attending a school located in the U.S. who apply with a qualifying cosigner.<\/li>\n
  • Customer service:<\/span>\n Phone, chat<\/li>\n
  • Prequalified rates with a soft credit check:<\/span>\n Yes<\/li>\n
  • Cosigner release:<\/span>\n Borrowers can apply after graduation, 12 consecutive on-time principal and interest payments, and meeting certain credit requirements.<\/li>\n
  • Loan servicer:<\/span>\n Sallie Mae<\/li>\n <\/ul>\n <\/div>\n <\/td>\n<\/tr>\n
Compare private student loan rates without affecting
your credit score. 100% free!<\/b>

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Compare Private Loans Now<\/a><\/center>
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Trustpilot<\/a><\/div>
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Lowest APRs reflect autopay, loyalty, and interest-only repayment discounts where available | Read our full methodology<\/a> | 10<\/sup>Ascent Disclosures<\/a> | 1<\/sup>Citizens Disclosures <\/a> | 2,3<\/sup>College Ave Disclosures<\/a> | 11<\/sup>Custom Choice Disclosures<\/a> | 7<\/sup>EDvestinU Disclosures<\/a> | 8<\/sup>INvestEd Disclosures<\/a> | 9<\/sup>Sallie Mae Disclosures<\/a><\/small><\/p><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

<\/a><\/p>\n

Compare private student loan lenders<\/h2>\n

No two student loan lenders are exactly the same. Each offers unique interest rates<\/a>, terms, limits, and more. Below are some of the most important details about the loans offered by Credible\u2019s top student loan lenders, including special interest rate discounts, policies regarding cosigner release, and loan servicer.<\/p>\n

Credible\u2019s top student loan lenders:<\/strong><\/p>\n