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7 Student Loans for Community College

Both federal and private student loans could help you pay for a community college program.

Author
By Emily Guy Birken

Written by

Emily Guy Birken

Writer

Emily Guy Birken is a Credible authority on student loans and personal finance. Her work has been featured by Forbes, Kiplinger's, Huffington Post, MSN Money, and The Washington Post online.

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Edited by Credible Staff
Credible Staff

Written by

Credible Staff

The goal of the Credible editorial writers and staff is to help our readers get up to speed on issues surrounding student loans, mortgage, and personal finance, so you can make informed decisions. We’re here to help you stay on top of the latest news, trends, concepts, and changes in policy and regulations.

Updated March 27, 2024

Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances.

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Attending community college is generally much less expensive than a traditional four-year degree. But even with the savings, you might still need student loans or other financial aid to pay for it.

7 private student loans for community college

If you decide to take out a private student loan for community college, it’s important to consider as many lenders as possible. This way, you can find the right loan for your needs.

Here are Credible’s partner lenders that offer private student loans for community college:

Advertiser Disclosure
4.84.8

Credible rating

Fixed (APR)

4.29% - 15.76%

Loan Amounts

$2,001* to $400,000

Min. Credit Score

Does not disclose

Check Rates

on Credible’s website

View Details

4.84.8

Credible rating

Fixed (APR)

5.99% - 14.00%

Loan Amounts

$1,000 to $350,000 (depending on degree)

Min. Credit Score

720

Check Rates

on Credible’s website

View Details

4.94.9

Credible rating

Fixed (APR)

4.07% - 16.49%

Loan Amounts

$1,000 up to 100% of the school-certified cost of attendance

Min. Credit Score

Does not disclose

Check Rates

on Credible’s website

View Details

4.44.4

Credible rating

Fixed (APR)

4.43% - 14.04%

Loan Amounts

$1,000 to $99,999 annually ($180,000 aggregate limit)

Min. Credit Score

Does not disclose

Check Rates

on Credible’s website

View Details

4.64.6

Credible rating

Fixed (APR)

4.56% - 8.34%

Loan Amounts

$1,001 up to 100% of school certified cost of attendance

Min. Credit Score

670

Check Rates

on Credible’s website

View Details

4.84.8

Credible rating

Fixed (APR)

5.35% - 7.95%

Loan Amounts

$1,500 up to school’s certified cost of attendance less aid

Min. Credit Score

670

Check Rates

on Credible’s website

View Details

4.34.3

Credible rating

Fixed (APR)

4.50% - 15.49%

Loan Amounts

$1,000 up to 100% of school-certified cost of attendance

Min. Credit Score

Does not disclose

Check Rates

on Credible’s website

View Details

Compare private student loan rates

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All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | SoFi Disclosures | Read more about Rates and Terms

Ascent

Ascent offers student loans from $2,001* to $400,000 with repayment terms from five to 20 years. Additionally, borrowers who complete their degree within five years could be eligible for a 1% cashback graduation reward.

No-Cosigner Loans

Ascent

4.8

Credible Rating

Check Rates

on Credible’s website

Min. Credit Score

Does not disclose

Fixed APR

4.29 - 15.76%

Variable APR

6.24 - 15.85%

Loan Amount

$2,001* to $400,000

Term

5, 7, 10, 12, 15, 20

Pros and cons

More details

Pros

  • 1% cashback graduation reward
  • 0.25% autopay discount
  • Cosigner release offered after 24 consecutive, on-time payments

Cons

  • $200,000 aggregate limit, which might not be enough if you plan to transfer from community college to another more expensive program
  • Ascent Non-Cosigned Future Income-Based Loans not available for community college students
  • Must have at least two years of sufficient credit history to apply without a cosigner

Citizens

With Citizens, you can borrow as little as $1,000 up to 100% of your school’s cost of attendance with terms from five to 15 years.

If you already have an account with Citizens, you could get a 0.25% rate discount — plus another 0.25% off your rate if you sign up for automatic payments.

Multi-Year Approval

Citizens

4.8

Credible Rating

Check Rates

on Credible’s website

Min. Credit Score

720

Fixed APR

5.99 - 14.00%

Variable APR

6.98 - 15.04%

Loan Amount

$1,000 to $350,000 (depending on degree)

Term

5, 10, 15

Pros and cons

More details

Pros

  • 0.25% autopay discount
  • 0.25% loyalty discount
  • No application, origination, or disbursement fees

Cons

  • Might be hard to qualify if you don’t have good credit
  • Doesn’t disclose minimum income requirements
  • Long cosigner release period (36 months)

College Ave

College Ave student loans range from $1,000 up to 100% of your school-certified cost of attendance (minus any other financial aid you’ve received) with terms from five to 15 years.

Additionally, parent borrowers have the option to receive up to $2,500 of the loan directly, allowing you to control your child’s spending on various expenses.

Extended Grace Periods

College Ave

4.9

Credible Rating

Check Rates

on Credible’s website

Min. Credit Score

Does not disclose

Fixed APR

4.07 - 16.49%

Variable APR

5.59 - 16.85%

Loan Amount

$1,000 up to 100% of the school-certified cost of attendance

Term

5, 8, 10, 15 (20 for health professionals)

Pros and cons

More details

Pros

  • Might be able to borrow up to your school’s cost of attendance
  • 0.25% autopay discount
  • No application, origination, or disbursement fees

Cons

  • Doesn’t disclose minimum income or credit requirements
  • Can’t apply for cosigner release until more than half of the repayment term has elapsed
  • Income for the past two years must be more than twice your outstanding loan balance to qualify for cosigner release

Custom Choice

The Custom Choice Loan is available from $1,000 to $99,999 annually ($180,000 aggregate limit) with a three- or five-year term. Also, you could get a 2% principal reduction on your loan if you graduate with at least a bachelor’s degree.

Discounts and Rewards

Custom Choice

4.4

Credible Rating

Check Rates

on Credible’s website

Min. Credit Score

Does not disclose

Fixed APR

4.43 - 14.04%

Variable APR

5.39 - 15.57%

Loan Amount

$1,000 to $99,999 annually ($180,000 aggregate limit)

Term

7, 10, 15

Pros and cons

More details

Pros

  • 0.25% autopay discount
  • Offers small loan amounts
  • Can use loan funds to cover past-due balances

Cons

  • Doesn’t disclose minimum income requirements
  • Limited repayment terms (only three or five years)
  • Not available in Arizona, Iowa, or Wisconsin

INvestEd

If you live in or attend school in Indiana, INvestEd might be a good option for private student loans. You can borrow $1,001 up to 100% of your school’s cost of attendance (minus any other financial aid you’ve received) with terms from five to 15 years.

Indiana Students

INvested

4.6

Credible Rating

Check Rates

on Credible’s website

Min. Credit Score

670

Fixed APR

4.56 - 8.34%

Variable APR

7.75 - 11.79%

Loan Amount

$1,001 up to 100% of school certified cost of attendance

Term

5, 10, 15