The Best College Student Loans In 2020

Best College Student Loans

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 are the best lenders for student loans 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.

Compare The Best Private Student Loans For 2020

Lender
APR
Loan Type
1.24% – 12.99%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:1.24% – 11.98%
Fixed Rates:3.99% – 12.99%
Minimum Loan Amount:$1,000
Loan Terms:5, 8, 10, 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

1.25% – 12.39%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:1.25% – 11.99%
Fixed Rates:3.75% – 12.39%
Minimum Loan Amount:$1,000
Loan Terms:5, 7, 8, 12, 15, 20 years
Origination Fees:None
Prepayment Fees:None
Co-signer Option:Yes

Details

  • Compare student loan rates without affecting your credit score
  • Flexible repayment plans
  • Get a lower rate with a co-signer

1.25% – 11.85%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:1.25% – 9.44%
Fixed Rates:4.74% – 11.85%
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

3.74% – 8.91%
Graduate, Law, Medical, MBA, Dentistry, Nursing

Overview

KeyValue
Variable Rates:3.74% – 7.89%
Fixed Rates:4.50% – 8.91%
Minimum Loan Amount:$5,000
Loan Terms:5, 7, 10, 15, 20 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Student loans available to graduate, undergraduate and associates degrees
  • Law school, business school, medical school, dentistry school available at select schools.
  • Flexible student loan repayment options
  • Forbearance up to 1 year available

2.73% – 14.50%
Graduate, Undergraduate

Overview

KeyValue
Variable Rates:2.73% – 13.01%
Fixed Rates:3.62% – 14.50%
Minimum Loan Amount:$1,000
Loan Terms:5, 10, 15 years
Origination Fees:No
Prepayment Fees:No
Co-signer Option:Yes

Details

  • Student loan repayment while in school
  • 1% cash back on student loan principal at graduation
  • Co-signer release after 24 consecutive payments
  • Financial hardship forbearance available
  • No minimum income or credit score
  • Apply with or without a co-signer

Checking Your Rate Doesn’t Affect Your Credit Score

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Make Lemonade is a free personal finance comparison website that helps empower you to make more informed financial decisions. We are not a lender, broker, credit card issuer or financial or investment adviser. The rates and terms on our website are estimates, net of autopay (if applicable) and may change at any time and/or differ from your final rate and terms. We are a for-profit company and may receive compensation in the form of a referral fee from our advertising partners for products on our website such as a loan or credit card, for example. Any compensation that Make Lemonade receives from its advertising partners may affect how and where products appear on the site, including, for example, the order in which a lender appears in a rate table, but does not affect the lender’s rates or fees. For more information, please visit our Advertiser Disclosure.

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