Want to save money on your MBA student loans?
Earning an MBA can place you on a path toward higher income and enable you to rise through the ranks faster in your profession – whether it is finance, marketing, strategy, banking, consulting, investing, health care, non-profit and others. If you are applying to business school or already have been admitted, congratulations!
As you already know, an MBA is a considerable investment. So, you will need to understand your options beyond federal government loans. There are several private student loan lenders who can offer competitive rates on your MBA student loans.
These student loan lenders represent our top MBA student loan picks for 2020, and may be able to help you save thousands of dollars on your MBA 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
Overview
| Key | Value |
|---|---|
| Variable Rates: | 2.84% – 10.97% |
| Fixed Rates: | 4.54% – 11.98% |
| 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
Overview
| Key | Value |
|---|---|
| Variable Rates: | 2.37% – 11.62% |
| Fixed Rates: | 3.82% – 12.49% |
| 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
Overview
| Key | Value |
|---|---|
| Variable Rates: | 3.79% – 10.61% |
| Fixed Rates: | 4.86% – 11.24% |
| 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
Review:
Overview
| Key | Value |
|---|---|
| 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
Overview
| Key | Value |
|---|---|
| Variable Rates: | 5.88% – 13.16% |
| Fixed Rates: | 6.69% – 13.45% |
| Minimum Loan Amount: | $2,000 |
| Loan Terms: | 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
Overview
| Key | Value |
|---|---|
| Variable Rates: | 4.24% – 13.24% |
| Fixed Rates: | 5.07% – 14.15% |
| 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
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