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Student Loans Better Business Bureau Reliability Seal

As the costs of higher education rise, so does the need for student loans. While some individuals are eligible for federal loans, those loans don't always cover the full cost of getting an education - not just tuition and room/board, but books, laptops, transportation and other expenses. And, people who are ineligible for federal loans don't necessarily have overflowing savings accounts to match their college or university costs.

Apply for Your Student Loan at SunTrust Today Private student loans are the way that many students close that gap. On average, students have nearly $40,000 in student loan debt at the time of graduation; without those funds, their aspirations of being a teacher, engineer, or social worker may have been put on hold indefinitely.

Fortunately, there are many lenders who want to make it as affordable and simple as possible to complete undergraduate and graduate-level studies. Some represent well-known, established financial institutions, while others work directly with networks of community banks to get much-needed cash into the hands of eager learners.

Comparing offers from lenders can be as easy as going online; in a matter of minutes and mouse clicks, you can see a variety of interest rates, repayment terms, and other details of each program for which you are eligible. This saves you significant time compared with going hat in hand to your local bank or other lending institution, hoping that they will say yes to your loan application.

When deciding on which lender to use for your student loan, you should consider the following factors:

  • Interest rates. The higher your interest rates, the more you pay over the life of the loan. Does the lender have rates that are competitive? Does the lender offer you the choice between fixed and variable rates?
  • Loan terms. What is the repayment term? Does it give you enough time to get a good job and pay it back? Can you pay it off in advance with no penalty?
  • Discounts. Can you get your interest rates lowered by setting up automatic payments from your checking account? Will you get any perks for having a relationship with the lender in other ways, such as a checking account or credit card?
  • Reputation. Some lenders have a solid history of working with borrowers, while others have a not-so-great track record when it comes to customer service after the loan has been disbursed. How does this lender measure up?

TopConsumerReviews.com has reviewed and ranked the best Student Loan providers available today. We hope this information helps you to get the money you need for your studies right away!

2017

Student Loan Reviews

5 stars
SunTrust

SUNTRUSTTopConsumerReviews.com Best-In-Class Blue Ribbon Award

Although they may not have the same immediate name recognition as some other lenders, SunTrust has an established history in the financial market, particularly with student loans and mortgages. Their two primary student loan products, Custom Choice and Graduate Business School, offer competitive rates and a helpful 1% reduction of your principal as a reward for graduating. SunTrust is our top choice for student loans.
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Site

4.5 stars
College Ave

COLLEGE AVE

College Ave has a great reputation in the student loans market: an "A" rating with the Better Business Bureau, positive customer reviews, and good attention to customer service. Students will appreciate their low interest rates, three-minute application process, and several options for configuring their loan to meet their needs. We highly recommend College Ave for your student loan.
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Site

4 stars
iHelp

I HELP

iHelp uses a wide network of community banks to provide student loans, all serviced by the Student Loan Finance Corporation . While the only available loans are variable-rate products, iHelp has several perks that make them worth considering, particularly the ability to have repayments deferred or forgiven under certain circumstances. Read More... Visit
Site

3.5 stars
Lending Tree

LENDING TREE

LendingTree helps you find the right student loan by providing you with multiple offers from a variety of lenders - including most of those we reviewed. They also provide a number of easy-to-understand resources, such as articles and videos, to give you the information you need to make a smart decision regarding your student loan. However, they do not actually fund any student loans, which will likely leave you with one of the other lenders in our review.
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Site

3.5 stars
Discover Student Loans

DISCOVER STUDENT LOANS

Short Among its many financial services, Discover Bank adds student loans to its portfolio. As the first company to offer a cashback bonus on its credit cards, it's no surprise that they offer similar innovative perks with their student loans. Potential borrowers should know that Discover has a less-than-perfect history when it comes to their lending practices and be sure to read the fine print before signing on the dotted line for a student loan.
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2.5 stars
Sallie Mae

SALLIE MAE

No other lender we reviewed can compete with SallieMae's history: more than 34 million Americans helped with college costs since 1972. Interest rates are very competitive, and cosigners can apply to be released after just 12 months of on-time payments, compared with multiple-year requirements of other lenders. On the other hand, hundreds of unhappy borrower reviews describing rude representatives, errors with SallieMae's bookkeeping, and other problems may make it not worth the hassle to apply for your student loan there.
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2 stars
Wells Fargo

WELLS FARGO

Wells Fargo is well-known for its many financial products, from mortgages to investments and more. Their student loans website is easy to use, and they have several ways to lower your interest rates through any other relationships you may already have, such as a checking account or previous loan through Wells Fargo. However, numerous customer reviews describe problems on Wells Fargo's end with accuracy in recording student loan repayments and unhelpful representatives. Read More... Visit
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What The Navient Lawsuit Means For Your Student Loans

On Wednesday, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Navient, the largest student loan servicer in the country. If you have a student loan, there is a good chance that it may be serviced by Navient. Navient, which spun off ...

Published:  Fri, 20 Jan 2017 05:13:00 GMT



This is the fastest-growing segment of borrowers burdened by student loans

In some ways, roommates Annette Pelaez and Jane Patrick are like millions of other Americans who are buckling under the weight of student loan debt. They split the expenses on a tiny two-bedroom Brookline apartment to save money. They worry about job ...

Published:  Sun, 22 Jan 2017 18:48:00 GMT



Here's what student-loan borrowers need to know about the Navient lawsuit

The student loan giant, which broke off from Sallie Mae Bank, one of the largest lenders of private student loans, in 2014, currently services more than $300 billion in federal and private student loans for more than 12 million borrowers. The Illinois ...

Published:  Sun, 22 Jan 2017 12:35:00 GMT



How I Paid Off $40,000 In Student Loans in 7 Months

Want to learn how to pay off student loans? With my student loan repayment plan, I was able to pay off $40,000 in student loan debt in 7 months! One of the best ways to save money is to finally get rid of those pesky loans that are hurting your financial ...

Published:  Wed, 18 Jan 2017 00:00:00 GMT



Do Student Loans Affect My Credit Score?

If you have student loans you may be feeling totally overwhelmed by the task of repaying them. That's normal! Student loans are a big responsibility. You may have also realized that student loans affect other different areas of your financial landscape.

Published:  Fri, 20 Jan 2017 07:34:00 GMT



3 Graduate Student Loans and When to Borrow Them

There's a solid chance you'll need to take out a loan to pay for your postgraduate degree. For the 2011-12 school year, 62% of students pursuing a master's, doctorate or other graduate degree did, according to data from the National Center for ...

Published:  Fri, 20 Jan 2017 13:02:00 GMT



Some Borrowers Get Student Loans Discharged in Bankruptcy Court

Fact: 42 million Americans owe roughly $1.3 trillion in student loan debt. For those without the financial resources to pursue a college degree, student loans are a mixed blessing. Many students would not be able to attend college if they couldn't borrow ...

Published:  Thu, 19 Jan 2017 13:37:00 GMT



AAP spent Rs 30 lakh on ads for student loans' scheme: Yogendra Yadav

In a series of fresh allegations, the Swaraj India on Saturday claimed that the Aam Aadmi Party (AAP) government has spent Rs 30 lakh on advertisements for student loans' scheme, while only three students got a mere Rs 3.15 lakh till December 2016.

Published:  Sat, 21 Jan 2017 19:26:00 GMT



Live Nation to help employees pay off student loans

LOS ANGELES - Add Live Nation and its nearly 9,000 employees to the growing list of companies offering to help pay down student debt as an employee perk. Live Nation Entertainment is working with tech startup Tuition.io (tuition I owe, get it?) to ...

Published:  Wed, 18 Jan 2017 11:49:00 GMT



Were You Misled About Your Student Loans?

Navient, the nation's largest servicer of student loans, has for years misled borrowers and made serious mistakes at nearly every step of the collections process, illegally driving up loan repayment costs for millions of borrowers, according to lawsuits ...

Published:  Thu, 19 Jan 2017 09:42:00 GMT



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