Best Private Student Loans Of 2024: Featured Partner Offers

Are you a student looking for the best private student loans of 2024? Look no further! In this blog post, we will explore the top private student loan options available, their features, and how to choose the right one for you.

Let’s start by highlighting some of the featured partner offers for private student loans in 2024. The variable APR ranges from 5.59% to 16.85%, while the fixed APR ranges from 4.17% to 16.69%. These rates are accurate as of July 11, 2024.

Best Private Student Loans Of 2024

Ascent

• Editor’s Take: Ascent offers a range of payment reduction and postponement options, including a graduated repayment plan.
• Pros & Cons: Both co-signed and independent loans available, international students can qualify with a co-signer, interest rate estimate available without a hard credit check.
• Details: Loan terms range from 5 to 15 years, loan amounts up to $200,000 per academic year, co-signer release policy available.

Rhode Island Student Loan Authority

• Editor’s Take: RISLA offers competitive pricing with APRs ranging from 4.05% to 8.64%.
• Pros & Cons: Low interest rates, income-based repayment plan available, nurses pay 0% interest for 48 months following graduation.
• Details: Loan terms of 5, 10, and 15 years, loan amounts up to $45,000 per year, co-signer release policy available.

SoFi

• Editor’s Take: SoFi offers extra member benefits, including no late fees and interest rate discounts.
• Pros & Cons: Access to SoFi member benefits, no late fees, interest rate estimate available without a hard credit check.
• Details: Loan terms of 5, 7, 10, and 15 years, loan amounts up to the total cost of attendance, forbearance options available.

Chicago Student Loans by A.M. Money

• Editor’s Take: Chicago Student Loans approves loans based on educational background and GPA, not credit.
• Pros & Cons: No late fees, income-based repayment available, co-signers not permitted.
• Details: Loan terms of 3 and 10 years, loan amounts up to $50,000, forbearance options available.

College Ave

• Editor’s Take: College Ave offers numerous term options and an extended grace period.
• Pros & Cons: Interest rate estimate available without a hard credit check, international students can qualify with a co-signer, co-signer release policy available.
• Details: Loan terms of 5, 8, 10, and 15 years, loan amounts up to 100% of the school-certified cost of attendance, co-signer release policy available.

Funding U

• Editor’s Take: Funding U rewards high-performing students with reasonable loan terms and amounts.
• Pros & Cons: No late fees, interest rate estimate available without a hard credit check, co-signer not required.
• Details: Loan terms of 10 years, loan amounts up to $10,000 per year, eligibility based on GPA requirements.

PNC Bank

• Editor’s Take: PNC Bank offers an extra-generous interest rate discount for automatic payments.
• Pros & Cons: 12-month payment reduction option available, 0.50% interest rate discount for automatic payments, co-signer release policy available.
• Details: Loan terms of 5, 10, and 15 years, loan amounts up to $225,000, forbearance options available.

Citizens Bank

• Editor’s Take: Citizens Bank offers an interest rate discount for current account holders.
• Pros & Cons: Maximum interest rate under 10%, loan modification option available, no origination fee.
• Details: Loan terms of 5, 10, and 15 years, loan amounts up to $350,000, co-signer release policy available.

Tips For Comparing Private Student Loans

• Consider loan amount, loan cost, repayment term, borrower benefits, and co-signer release policy when comparing lenders.

The Complete Guide to Private Student Loans

• Learn about current average student loan rates, how student loans work, federal vs. private student loans, pros and cons of private student loans, and how to get the best private student loan rates.

Private Student Loan FAQs

• Find answers to common questions about student loans, including how to determine if your loan is federal or private, getting a loan without a co-signer, borrowing limits, loan processing time, deferment and forbearance options, interest rate determinants, and more.

Whether you’re looking for flexible repayment terms, low maximum APR, extra member benefits, no co-signer loans, multi-year loans, or loans for high GPA students, there are options available to suit your needs. Remember to compare offers from multiple lenders to find the most competitive rates and features. Good luck with your private student loan search in 2024!