The Best College Student Loans In 2018

Want to save money on your undergraduate student loans?

As you already know, college is a considerable investment. So, when it comes to your college student loans, you will need to understand your options for both federal government student loans and private student loans. The average college student graduates college with over $37,000 in student loans. The good news is that in addition to federal government student loans, there are several private student loan lenders who can offer competitive rates on your undergraduate school student loans. A co-signer with strong credit may be able to help you obtain lower interest rates on your college student loans.

If you are applying to college or already have been admitted, congratulations! If not, it is never too early to start planning for your undergraduate student loans.

These lenders represent our top undergraduate student loan picks for 2018, and may be able to help you save thousands of dollars on your college student loans by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.

Learn your new student loan interest rate in a matter of minutes.


Best Private Student Loans For 2018

Lender
Rates (APR)
Loan Type
4.53% - 9.69%
Graduate, Undergraduate

Overview

Variable Rates:4.53% - 9.61%
Fixed Rates:5.36% - 9.69%
Minimum Loan Amount:$5,000
Loan Terms:10
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Low rates from community lenders like credit unions and community banks
  • Get lower rates with a co-signer
  • Ability to pause payments for up to 18 months if you become unemployed
  • May consider your academic credentials to help you get a lower rate
  • If you repay 10% of your loan before your loan enters full repayment period, 1.0% APR is dropped from your current interest rate
3.89% - 12.00%
Cosigned Graduate, Undergraduate

Overview

Variable Rates:3.89% - 10.39%
Fixed Rates:5.70% - 12.00%
Minimum Loan Amount:$2,000
Loan Terms:5, 10, 15 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Ability to start repaying loan while in school
  • Co-signer release after 24 consecutive payments
  • Financial hardship forbearance option
  • Non-U.S. citizens are eligible if they have a creditworthy co-signer who is a U.S. citizen or permanent resident
  • 1% Cash Back Reward to students on their loan principle amount upon graduation
5.35% - 13.74%
Non-cosigned Graduate, Undergraduate

Overview

Variable Rates:5.35% - 12.69%
Fixed Rates:7.01% - 13.74%
Minimum Loan Amount:$2,000
Loan Terms:5, 10, 15 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Borrowers can qualify without a cosigner
  • A borrower’s major, graduation date and future earnings potential are considered
  • Borrowers who choose a fixed-rate option only can select a 10 year term
  • No minimum credit score or minimum income is required
  • Must have Satisfactory Academic Performance of 2.5 GPA, have Junior status or higher, and must be enrolled full-time
  • 1% Cash Back Reward to students on their loan principle amount upon graduation
3.54% - 12.07%
Graduate, Undergraduate

Overview

Variable Rates:3.54% - 10.81%
Fixed Rates:5.31% - 12.07%
Minimum Loan Amount:$2,000
Loan Terms:8, 10, 12, 15 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:No

Details

  • Student loans available to graduate, bachelors and associates degrees
  • Deferment and forbearance options may be available
  • Grace period for undergraduates: 6 months
  • Grace period for graduate students: 9 months
  • Flexible student loan repayment options

Overview

Variable Rates:5.38% - 5.62%
Fixed Rates:6.24% - 6.66%
Minimum Loan Amount:$5,000
Loan Terms:10, 15, 20 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Available at a select number of top business schools
  • Opportunity for 0.25% rate discount on fixed rate student loans upon proof of employment
  • Forbearance up to 1 year available
3.62% - 12.98%
Undergraduate, Graduate

Overview

Variable Rates:3.62% - 12.98%
Fixed Rates:5.74% - 12.87%
Minimum Loan Amount:None
Loan Terms:None
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Multiple repayment options
  • You may be able to increase your chance of approval if you apply with a credit worthy co-signer
  • Borrow up to 100% of the school-certified cost of attendance
  • Choose up to 120 tutoring minutes with Sallie Mae’s partner Chegg
  • Deferment and forbearance options available

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