{"id":787,"date":"2024-09-05T03:20:27","date_gmt":"2024-09-05T10:20:27","guid":{"rendered":"https:\/\/financer.com\/?page_id=787"},"modified":"2024-09-05T04:09:40","modified_gmt":"2024-09-05T11:09:40","slug":"student-loans","status":"publish","type":"page","link":"https:\/\/financer.com\/loans\/student-loans\/","title":{"rendered":"Student Loans"},"content":{"rendered":"\n<p>After analyzing multiple loans available to students, these 3 options stand out.<\/p>\n\n\n<div class=\"fn_block block_fn_msg_box company\"><div class=\"fn_block__icon\"><\/div><h3>Best Student Loans &#8211; Quick Answer<\/h3><ul>\n<li><strong>Federal Direct Subsidized Loans<\/strong> \u2013 Lowest fixed interest rate, and the government pays the interest while you\u2019re in school.<\/li>\n<li><a href=\"https:\/\/financer.com\/company\/sofi\/\"><strong>SoFi Private Student Loans<\/strong><\/a> \u2013 Best if you need to supplement federal loans or don\u2019t qualify for federal aid.<\/li>\n<li><a href=\"https:\/\/financer.com\/company\/ascent\/\"><strong>Ascent Independent Student Loans<\/strong><\/a> \u2013 Best if you lack a cosigner or have a limited credit history.<\/li>\n<\/ul><\/div>\n\n\n<p>Choosing the right student loan can have a significant impact on your financial future. Always carefully consider your options, borrow only what you need, and have a solid plan for repayment. If you need personalized advice, consider speaking with a financial aid advisor or a student loan counselor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Compare_the_Student_Loans_for_fn_date_formatF_Y\">Compare the Student Loans for November 2024<\/h2>\n\n\n                                <div class=\"comparison-table__binder\">\n                <div class=\"comparison-table__dots is-hidden-tablet\">\n                    <div class=\"comparison-table__dot comparison-table__dot--big\"><\/div>\n                    <div class=\"comparison-table__dot\"><\/div>\n                    <div class=\"comparison-table__dot\"><\/div>\n                <\/div>\n                <div class=\"comparison-table__relative \">\n                    <div class=\"comparison-table__scroll \">\n                        <table class=\"comparison-table \" js-data-comparison-table=\"\"\n                               js-data-affiliate-on-top=\"true\">\n                            <thead>\n                                <tr>\n                                    <th>\n                                        <span data-sorting=\"logo\"  data-sorting-type=\"asc\" class=\"comparison-table__title\">\n                                            Company                                        <\/span>\n                                    <\/th>\n                                                                        <th>\n                                        <span data-sorting=\"rating\" data-sorting-type=\"asc\" class=\"comparison-table__title\">\n                                            Overall Rating                                        <\/span>\n                                    <\/th>\n                                    \n                                    <th> <span data-sorting=\"manual-data-point-1\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Loan Amount\">\n                    Loan Amount<\/span><\/th><th> <span data-sorting=\"manual-data-point-2\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Loan Term\">\n                    Loan Term<\/span><\/th><th> <span data-sorting=\"manual-data-point-3\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"APR\">\n                    APR<\/span><\/th><th> <span data-sorting=\"manual-data-point-4\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Annual Income\">\n                    Annual Income<\/span><\/th><th> <span data-sorting=\"manual-data-point-5\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Credit Score Required\">\n                    Credit Score Required<\/span><\/th>                                    <th>\n                                        <span data-sorting=\"affiliate\" class=\"comparison-table__title comparison-table__title--button\">\n                                                                                    <\/span>\n                                    <\/th>\n                                <\/tr>\n                            <\/thead>\n                            <tbody>\n                                <tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Private Student Loans\"\n                data-product-id=\"12520\">\n                <span class=\"search-card__featured\">recommended<\/span>\n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"12520\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/lendkey\/private-student-loans\/redirect\/\">\n                    <img decoding=\"async\" title=\"Private Student Loans\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2017\/06\/lendkey-student-loan-refinancing.png\" alt=\"Private Student Loans\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"4.75000000\">\n            <a href=\"https:\/\/financer.com\/company\/lendkey\/private-student-loans\/#read-reviews\"><span class=\"simple-rating-value rating_green\" data-rating-value=\"4.8\">4.8<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"Up to 100% of your school cost \">\n                        <span class=\"comparison-table__text\">Up to 100% of your school cost <\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5 - 20 years\">\n                        <span class=\"comparison-table__text\">5 &#8211; 20 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 4.89%\">\n                        <span class=\"comparison-table__text\">Starting at 4.89%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$24,000\">\n                        <span class=\"comparison-table__text\">$24,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"680\">\n                        <span class=\"comparison-table__text\">680<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"1\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/lendkey\/private-student-loans\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"12520\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" >\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Ascent\"\n                data-product-id=\"20367\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20367\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/ascent\/redirect\/\">\n                    <img decoding=\"async\" title=\"Ascent\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/ascent-funding.jpg\" alt=\"Ascent\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/ascent\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$2,000 to $400,000\">\n                        <span class=\"comparison-table__text\">$2,000 to $400,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 2.52%\">\n                        <span class=\"comparison-table__text\">Starting at 2.52%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$24,000\">\n                        <span class=\"comparison-table__text\">$24,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"540\">\n                        <span class=\"comparison-table__text\">540<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"1\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/ascent\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20367\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" >\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Upstart\"\n                data-product-id=\"764\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"764\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/upstart\/redirect\/\">\n                    <img decoding=\"async\" title=\"Upstart\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2017\/06\/upstart-review.png\" alt=\"Upstart\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"4.85714286\">\n            <a href=\"https:\/\/financer.com\/company\/upstart\/#read-reviews\"><span class=\"simple-rating-value rating_green\" data-rating-value=\"4.9\">4.9<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to $50,000\">\n                        <span class=\"comparison-table__text\">$1,000 to $50,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"3-5 years\">\n                        <span class=\"comparison-table__text\">3-5 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"6.53% - 35.99%\">\n                        <span class=\"comparison-table__text\">6.53% &#8211; 35.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$12,000\">\n                        <span class=\"comparison-table__text\">$12,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"580\">\n                        <span class=\"comparison-table__text\">580<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"1\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/upstart\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"764\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" >\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"SoFi\"\n                data-product-id=\"750\">\n                <span class=\"search-card__featured\">recommended<\/span>\n                <a target=\"_blank\"  data-url_param_unq=\"\" data-url_param_customlink=\"https:\/\/refer.sofi.com\/c\/356241\/846867\/11190?adcampaigngroup=inschool&#038;adnetwork=BD\" data-url_param_pid=\"750\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/sofi\/redirect\/\">\n                    <img decoding=\"async\" title=\"SoFi\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2017\/06\/sofi-logo-1.png\" alt=\"SoFi\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"4.61904762\">\n            <a href=\"https:\/\/financer.com\/company\/sofi\/#read-reviews\"><span class=\"simple-rating-value rating_green\" data-rating-value=\"4.6\">4.6<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\" $5,000 to $100,000\">\n                        <span class=\"comparison-table__text\"> $5,000 to $100,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 1.05%\">\n                        <span class=\"comparison-table__text\">Starting at 1.05%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$45,000\">\n                        <span class=\"comparison-table__text\">$45,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"700\">\n                        <span class=\"comparison-table__text\">700<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/sofi\/redirect\/\" data-url_param_unq=\"\" data-url_param_customlink=\"https:\/\/refer.sofi.com\/c\/356241\/846867\/11190?adcampaigngroup=inschool&#038;adnetwork=BD\" data-url_param_pid=\"750\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Discover\"\n                data-product-id=\"18437\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"18437\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/discover\/redirect\/\">\n                    <img decoding=\"async\" title=\"Discover\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/07\/discover-logo.png\" alt=\"Discover\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"3.90000000\">\n            <a href=\"https:\/\/financer.com\/company\/discover\/#read-reviews\"><span class=\"simple-rating-value rating_light-green\" data-rating-value=\"3.9\">3.9<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to 100% of school cost\">\n                        <span class=\"comparison-table__text\">$1,000 to 100% of school cost<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"Up to 20 years\">\n                        <span class=\"comparison-table__text\">Up to 20 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 1.12%\">\n                        <span class=\"comparison-table__text\">Starting at 1.12%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"N\/A\">\n                        <span class=\"comparison-table__text\">N\/A<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"750\">\n                        <span class=\"comparison-table__text\">750<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/discover\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"18437\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Earnest\"\n                data-product-id=\"20454\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20454\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/earnest\/redirect\/\">\n                    <img decoding=\"async\" title=\"Earnest\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/earnest.png\" alt=\"Earnest\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/earnest\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to 100% of school cost\">\n                        <span class=\"comparison-table__text\">$1,000 to 100% of school cost<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 0.99%\">\n                        <span class=\"comparison-table__text\">Starting at 0.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$35,000\">\n                        <span class=\"comparison-table__text\">$35,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"758\">\n                        <span class=\"comparison-table__text\">758<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/earnest\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20454\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"College Ave\"\n                data-product-id=\"20464\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20464\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/college-ave\/redirect\/\">\n                    <img decoding=\"async\" title=\"College Ave\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/ca-sl-tmlogo-pms-highres.jpg\" alt=\"College Ave\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/college-ave\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to 100% of school cost\">\n                        <span class=\"comparison-table__text\">$1,000 to 100% of school cost<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 0.99%\">\n                        <span class=\"comparison-table__text\">Starting at 0.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$35,000 \">\n                        <span class=\"comparison-table__text\">$35,000 <\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"600\">\n                        <span class=\"comparison-table__text\">600<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/college-ave\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20464\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Funding U\"\n                data-product-id=\"20469\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20469\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/funding-u\/redirect\/\">\n                    <img decoding=\"async\" title=\"Funding U\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/funding-u.png\" alt=\"Funding U\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/funding-u\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$3,000 up to $10,000\">\n                        <span class=\"comparison-table__text\">$3,000 up to $10,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"Up to 10 years\">\n                        <span class=\"comparison-table__text\">Up to 10 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"7.49 - 12.99%\">\n                        <span class=\"comparison-table__text\">7.49 &#8211; 12.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"None\">\n                        <span class=\"comparison-table__text\">None<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"None\">\n                        <span class=\"comparison-table__text\">None<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/funding-u\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20469\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr>                            <\/tbody>\n                        <\/table>\n                    <\/div>\n                                        <table class=\"comparison-table comparison-table--mobile  is-hidden-tablet\"\n                           js-data-comparison-table=\"\" js-data-affiliate-on-top=\"true\">\n                        <thead>\n                            <tr>\n                                <th style=\"width: 125px\">\n                                    <span data-sorting=\"logo\"  data-sorting-type=\"asc\" class=\"comparison-table__title\">\n                                        Company                                    <\/span>\n                                <\/th>\n                                <th>\n                                    <span data-sorting=\"rating\" data-sorting-type=\"asc\" class=\"comparison-table__title\">\n                                        Overall Rating                                    <\/span>\n                                <\/th>\n                                <th> <span data-sorting=\"manual-data-point-1\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Loan Amount\">\n                    Loan Amount<\/span><\/th><th> <span data-sorting=\"manual-data-point-2\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Loan Term\">\n                    Loan Term<\/span><\/th><th> <span data-sorting=\"manual-data-point-3\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"APR\">\n                    APR<\/span><\/th><th> <span data-sorting=\"manual-data-point-4\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Annual Income\">\n                    Annual Income<\/span><\/th><th> <span data-sorting=\"manual-data-point-5\" data-sorting-type=\"asc\" class=\"comparison-table__title\" title=\"Credit Score Required\">\n                    Credit Score Required<\/span><\/th>                                <th>Get Started                                <\/th>\n                            <\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Private Student Loans\"\n                data-product-id=\"12520\">\n                <span class=\"search-card__featured\">recommended<\/span>\n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"12520\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/lendkey\/private-student-loans\/redirect\/\">\n                    <img decoding=\"async\" title=\"Private Student Loans\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2017\/06\/lendkey-student-loan-refinancing.png\" alt=\"Private Student Loans\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"4.75000000\">\n            <a href=\"https:\/\/financer.com\/company\/lendkey\/private-student-loans\/#read-reviews\"><span class=\"simple-rating-value rating_green\" data-rating-value=\"4.8\">4.8<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"Up to 100% of your school cost \">\n                        <span class=\"comparison-table__text\">Up to 100% of your school cost <\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5 - 20 years\">\n                        <span class=\"comparison-table__text\">5 &#8211; 20 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 4.89%\">\n                        <span class=\"comparison-table__text\">Starting at 4.89%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$24,000\">\n                        <span class=\"comparison-table__text\">$24,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"680\">\n                        <span class=\"comparison-table__text\">680<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"1\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/lendkey\/private-student-loans\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"12520\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" >\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Ascent\"\n                data-product-id=\"20367\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20367\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/ascent\/redirect\/\">\n                    <img decoding=\"async\" title=\"Ascent\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/ascent-funding.jpg\" alt=\"Ascent\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/ascent\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$2,000 to $400,000\">\n                        <span class=\"comparison-table__text\">$2,000 to $400,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 2.52%\">\n                        <span class=\"comparison-table__text\">Starting at 2.52%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$24,000\">\n                        <span class=\"comparison-table__text\">$24,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"540\">\n                        <span class=\"comparison-table__text\">540<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"1\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/ascent\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20367\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" >\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Upstart\"\n                data-product-id=\"764\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"764\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/upstart\/redirect\/\">\n                    <img decoding=\"async\" title=\"Upstart\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2017\/06\/upstart-review.png\" alt=\"Upstart\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"4.85714286\">\n            <a href=\"https:\/\/financer.com\/company\/upstart\/#read-reviews\"><span class=\"simple-rating-value rating_green\" data-rating-value=\"4.9\">4.9<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to $50,000\">\n                        <span class=\"comparison-table__text\">$1,000 to $50,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"3-5 years\">\n                        <span class=\"comparison-table__text\">3-5 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"6.53% - 35.99%\">\n                        <span class=\"comparison-table__text\">6.53% &#8211; 35.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$12,000\">\n                        <span class=\"comparison-table__text\">$12,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"580\">\n                        <span class=\"comparison-table__text\">580<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"1\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/upstart\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"764\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" >\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"SoFi\"\n                data-product-id=\"750\">\n                <span class=\"search-card__featured\">recommended<\/span>\n                <a target=\"_blank\"  data-url_param_unq=\"\" data-url_param_customlink=\"https:\/\/refer.sofi.com\/c\/356241\/846867\/11190?adcampaigngroup=inschool&#038;adnetwork=BD\" data-url_param_pid=\"750\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/sofi\/redirect\/\">\n                    <img decoding=\"async\" title=\"SoFi\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2017\/06\/sofi-logo-1.png\" alt=\"SoFi\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"4.61904762\">\n            <a href=\"https:\/\/financer.com\/company\/sofi\/#read-reviews\"><span class=\"simple-rating-value rating_green\" data-rating-value=\"4.6\">4.6<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\" $5,000 to $100,000\">\n                        <span class=\"comparison-table__text\"> $5,000 to $100,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 1.05%\">\n                        <span class=\"comparison-table__text\">Starting at 1.05%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$45,000\">\n                        <span class=\"comparison-table__text\">$45,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"700\">\n                        <span class=\"comparison-table__text\">700<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/sofi\/redirect\/\" data-url_param_unq=\"\" data-url_param_customlink=\"https:\/\/refer.sofi.com\/c\/356241\/846867\/11190?adcampaigngroup=inschool&#038;adnetwork=BD\" data-url_param_pid=\"750\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Discover\"\n                data-product-id=\"18437\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"18437\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/discover\/redirect\/\">\n                    <img decoding=\"async\" title=\"Discover\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/07\/discover-logo.png\" alt=\"Discover\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"3.90000000\">\n            <a href=\"https:\/\/financer.com\/company\/discover\/#read-reviews\"><span class=\"simple-rating-value rating_light-green\" data-rating-value=\"3.9\">3.9<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to 100% of school cost\">\n                        <span class=\"comparison-table__text\">$1,000 to 100% of school cost<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"Up to 20 years\">\n                        <span class=\"comparison-table__text\">Up to 20 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 1.12%\">\n                        <span class=\"comparison-table__text\">Starting at 1.12%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"N\/A\">\n                        <span class=\"comparison-table__text\">N\/A<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"750\">\n                        <span class=\"comparison-table__text\">750<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/discover\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"18437\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Earnest\"\n                data-product-id=\"20454\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20454\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/earnest\/redirect\/\">\n                    <img decoding=\"async\" title=\"Earnest\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/earnest.png\" alt=\"Earnest\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/earnest\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to 100% of school cost\">\n                        <span class=\"comparison-table__text\">$1,000 to 100% of school cost<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 0.99%\">\n                        <span class=\"comparison-table__text\">Starting at 0.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$35,000\">\n                        <span class=\"comparison-table__text\">$35,000<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"758\">\n                        <span class=\"comparison-table__text\">758<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/earnest\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20454\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"College Ave\"\n                data-product-id=\"20464\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20464\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/college-ave\/redirect\/\">\n                    <img decoding=\"async\" title=\"College Ave\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/ca-sl-tmlogo-pms-highres.jpg\" alt=\"College Ave\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/college-ave\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$1,000 to 100% of school cost\">\n                        <span class=\"comparison-table__text\">$1,000 to 100% of school cost<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"5-15 years\">\n                        <span class=\"comparison-table__text\">5-15 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"Starting at 0.99%\">\n                        <span class=\"comparison-table__text\">Starting at 0.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"$35,000 \">\n                        <span class=\"comparison-table__text\">$35,000 <\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"600\">\n                        <span class=\"comparison-table__text\">600<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/college-ave\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20464\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr><tr class=\"comparison-table__row\"  data-columns=\"8\"><td class=\"comparison-table__logo\" data-sorting=\"logo\" data-sorting-value=\"Funding U\"\n                data-product-id=\"20469\">\n                \n                <a target=\"_blank\"  data-url_param_unq=\"\"  data-url_param_pid=\"20469\"  rel=\"sponsored nofollow\"  href=\"https:\/\/financer.com\/company\/funding-u\/redirect\/\">\n                    <img decoding=\"async\" title=\"Funding U\" src=\"https:\/\/financer.global\/app\/uploads\/sites\/11\/2021\/08\/funding-u.png\" alt=\"Funding U\">\n                <\/a><\/td><td data-sorting=\"rating\" data-sorting-value=\"0.00000000\">\n            <a href=\"https:\/\/financer.com\/company\/funding-u\/#read-reviews\"><span class=\"simple-rating-value rating_gray\" data-rating-value=\"0\">N\/A<\/span><\/a><\/td><td data-sorting=\"manual-data-point-1\" data-sorting-value=\"$3,000 up to $10,000\">\n                        <span class=\"comparison-table__text\">$3,000 up to $10,000<\/span><\/td><td data-sorting=\"manual-data-point-2\" data-sorting-value=\"Up to 10 years\">\n                        <span class=\"comparison-table__text\">Up to 10 years<\/span><\/td><td data-sorting=\"manual-data-point-3\" data-sorting-value=\"7.49 - 12.99%\">\n                        <span class=\"comparison-table__text\">7.49 &#8211; 12.99%<\/span><\/td><td data-sorting=\"manual-data-point-4\" data-sorting-value=\"None\">\n                        <span class=\"comparison-table__text\">None<\/span><\/td><td data-sorting=\"manual-data-point-5\" data-sorting-value=\"None\">\n                        <span class=\"comparison-table__text\">None<\/span><\/td><td data-sorting=\"affiliate\" data-sorting-value=\"0\"\n            js-data-comparison-table-button=\"\"><a target=\"_blank\"  rel=\"sponsored nofollow\" \n            href=\"https:\/\/financer.com\/company\/funding-u\/redirect\/\" data-url_param_unq=\"\"  data-url_param_pid=\"20469\" \n            class=\"button is-rounded is-primary is-arrow comparison-table__button\" target=\"_blank\" disabled>\n            See offer<\/a><\/td><\/tr>                        <\/tbody>\n                    <\/table>\n                <\/div>\n            <\/div>\n\n        \n\n\n<h2 class=\"wp-block-heading\" id=\"What_Is_a_Student_Loan\">What Is a Student Loan?<\/h2>\n\n\n\n<p>A student loan is a type of financial aid designed to help students pay for post-secondary education and associated fees. These loans can cover tuition, room and board, books, and other education-related expenses.<\/p>\n\n\n<div class=\"fn_block block_fn_faq_list\"><h3 id=\"Questions_About_Student_Loans\">Questions About Student Loans<\/h3><h4>Are student loans good or bad?<\/h4><div class=\"faq_inner\"><p>Student loans can be a valuable tool for financing education, but they should be used responsibly. They&#8217;re considered &#8220;good debt&#8221; if they lead to increased earning potential, but overborrowing can lead to financial strain.<\/p><\/div><h4>What are federal student loans?<\/h4><div class=\"faq_inner\"><p>Federal student loans are loans funded by the U.S. Department of Education to pay for your studies. The terms and conditions of these loans are guided by Federal law.<\/p><\/div><h4>What are the main types of federal student loans?<\/h4><div class=\"faq_inner\"><p>The main types are Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans (for graduate students and parents).<\/p><\/div><h4>What is student loan forgiveness?<\/h4><div class=\"faq_inner\"><div class=\"faq_inner faq_show\">\n<p>The term student loan forgiveness refers to when your student loan balance is completely forgiven and you are not required to make any further payments to your lender.<\/p>\n<\/div><\/div><h4>How do I apply for student loan forgiveness?<\/h4><div class=\"faq_inner\"><p>Eligibility for loan forgiveness depends on your loan type and career path. Common programs include Public Service Loan Forgiveness (PSLF) and Teacher Loan Forgiveness. Visit studentaid.gov for more information on these programs.<\/p><\/div><h4>Should I choose a fixed or variable interest rate?<\/h4><div class=\"faq_inner\"><p>Fixed rates offer predictability and are often better for longer-term loans. Variable rates may start lower but can increase over time, making them potentially suitable for shorter-term loans if you plan to pay them off quickly.<\/p><\/div><h4>How does student loan interest work?<\/h4><div class=\"faq_inner\"><p>Interest on student loans typically accrues daily. For unsubsidized loans, interest begins accruing as soon as the loan is disbursed. For subsidized federal loans, the government pays the interest while you&#8217;re in school and during grace periods.<\/p><\/div><h4>Are there disadvantages to student loans?<\/h4><div class=\"faq_inner\"><p>Student loans may be expensive to pay back and often it means you\u2019ll start out life with debt. You may have to put off other life or career goals while paying off student loans.<\/p><\/div><h4>What are private student loans?<\/h4><div class=\"faq_inner\"><p>Private student loans are loans obtained from lenders such as banks and other private institutions with the goal of funding your studies.<\/p><\/div><\/div>\n\n\n\t\t<div id=\"genericloan_0_form\" class=\"fs-slider fs-slider--tooltip search-hero--bg1\"><h3>Compare loans from 79 lenders<\/h3><p>Find the cheapest rate with one click<\/p><div class=\"step amount\">    <div class=\"slider_cont step__value\">\n        <span class=\"fl_l_m_15 amount_display\"><\/span>\n    <\/div>\n    <div class=\"step__slider\">\n        <input type=\"range\" data-default-value=\"500\" data-name=\"param_amount\" \/>\n    <\/div>\n<\/div><div class=\"step stepSubmit\"><a id=\"submitSliders\" href=\"https:\/\/financer.com\/results?query=1&non_affiliate=true&param_amount=500&loan_broker_filter_active=true&param_period=360&\" data-slider-url=\"https:\/\/financer.com\/results?query=1&non_affiliate=true&param_amount=500&loan_broker_filter_active=true&param_period=360&\" data-required=\"results?query=1non_affiliate=true&param_amount=500&loan_broker_filter_active=true&param_period=360&\" class=\"get_results compare button is-primary is-medium is-rounded\">Compare Offers<\/a><\/div>\t\t<\/div><h2 class=\"wp-block-heading\" id=\"How_Student_Loans_Work\">How Student Loans Work<\/h2>\n\n\n\n<p>Student loans are unique as they are specifically designed for funding education. But why are they different from\u00a0<a href=\"https:\/\/financer.com\/loans\/personal-loans\/\">personal loans<\/a>\u00a0and\u00a0<a href=\"https:\/\/financer.com\/loans\/credit-cards\/\">credit cards<\/a>?<\/p>\n\n\n\n<p>The funds are disbursed to your school or college and you may be able to only start repayments after you\u2019ve graduated.<\/p>\n\n\n\n<p>Also, keep in mind that private student loan providers may have their own requirements and rates, and these will vary, unlike typical personal loans.<\/p>\n\n\n\n<p>You may also apply with a co-signer which may significantly improve your chances of being approved for a private student loan.<\/p>\n\n\n\n<p>If you don\u2019t have a co-signer, lenders like\u00a0<a href=\"https:\/\/financer.com\/company\/ascent\/\">Ascent Funding<\/a>\u00a0are a good option for undergraduate and graduate student loans.<\/p>\n\n\n<div class=\"fn_block block_fn_msg_box info\"><div class=\"fn_block__icon\"><\/div><h3 id=\"Why_Student_Loans_Are_Considered_u0022Good_Debtu0022\">Why Student Loans Are Considered &#8220;Good Debt:&#8221;<\/h3><ul>\n<li><a href=\"https:\/\/financer.com\/investing\/articles\/the-best-investment-apps-for-small-dollar-investing\/\">Investment<\/a> in future earning potential<\/li>\n<li>Typically lower interest rates compared to other types of loans<\/li>\n<li>Flexible repayment options, especially for federal loans<\/li>\n<li>Potential tax benefits on interest payments<\/li>\n<\/ul><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"Federal_Student_Loans\">Federal Student Loans<\/h2>\n\n\n\n<p>Federal student loans are offered by the U.S. Department of Education and are often the first choice for many students due to their benefits and protections.<\/p>\n\n\n<div class=\"fn_block block_fn_msg_box boxed\"><div class=\"fn_block__icon\"><\/div><h3 id=\"Benefits_of_Federal_Student_Loans\">Benefits of Federal Student Loans:<\/h3><p><!-- wp:paragraph --><\/p>\n<ul>\n<li>Fixed interest rates<\/li>\n<!-- \/wp:list-item --> <!-- wp:list-item -->\n<li>Income-driven repayment plans<\/li>\n<!-- \/wp:list-item --> <!-- wp:list-item -->\n<li>Loan forgiveness options<\/li>\n<!-- \/wp:list-item --> <!-- wp:list-item -->\n<li>Deferment and forbearance options<\/li>\n<!-- \/wp:list-item --> <!-- wp:list-item -->\n<li>No credit check required (except for PLUS loans)<\/li>\n<!-- \/wp:list-item --><\/ul>\n<p><!-- \/wp:list --><\/p><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"Types_of_Federal_Student_Loans\">Types of Federal Student Loans<\/h3>\n\n\n\n<ul>\n<li><strong>Direct Subsidized Loans:<\/strong> For undergraduate students with financial need. The government pays the interest on these loans while the student is still in school, in a grace period, or in paused payments through deferment.<\/li>\n\n\n\n<li><strong>Direct Unsubsidized Loans:<\/strong> These loans are available to undergrads and graduate students. You don\u2019t have to show financial need but you are responsible for <a href=\"https:\/\/financer.com\/loans\/glossary\/interest\/\">interest payments<\/a> all the time.<\/li>\n\n\n\n<li><strong>Direct PLUS Loans:<\/strong> For graduate students and parents of dependent undergraduate students. They have higher interest rates and fees than other federal loans and you need to undergo a credit check.<\/li>\n\n\n\n<li><strong>Pell Grant: <\/strong>Undergraduate students with exceptional financial needs, students in a post-baccalaureate teacher certification program, and students with parents killed in Afghanistan or Iraq after 9\/11 may qualify for a Pell Grant. A Pell Grant does not have to be repaid, except under certain circumstances.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Current_Federal_Student_Loan_Interest_Rates\">Current Federal Student Loan Interest Rates<\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-fn-tables shortcode-no\"><table class=\"has-fixed-layout\"><thead><tr><th>Loan Type<\/th><th>Borrower<\/th><th>Interest Rate<\/th><\/tr><\/thead><tbody><tr><td>Direct Subsidized and Unsubsidized<\/td><td>Undergraduate<\/td><td>6.53%<\/td><\/tr><tr><td>Direct Unsubsidized<\/td><td>Graduate or Professional<\/td><td>8.08%<\/td><\/tr><tr><td>Direct PLUS<\/td><td>Parents and Graduate or Professional Students<\/td><td>9.08%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Overview of Federal Student Loan Interest Rates<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Private_Student_Loans\">Private Student Loans<\/h2>\n\n\n\n<p>Private student loans are offered by banks, credit unions, and <a href=\"https:\/\/financer.com\/loans\/direct-lenders\/\">online lenders<\/a>. They can be a good option if you&#8217;ve maxed out your federal loan options or if you can qualify for a lower interest rate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Features_of_Private_Student_Loans\">Features of Private Student Loans<\/h3>\n\n\n\n<ul>\n<li><strong>Credit-based approval:<\/strong> Your credit score and history will affect your eligibility and interest rate<\/li>\n\n\n\n<li><strong>Variable or fixed interest rates:<\/strong> You may have the option to choose between the two<\/li>\n\n\n\n<li><strong>Cosigner option:<\/strong> A cosigner with good credit can help you qualify for better rates<\/li>\n\n\n\n<li><strong>Varying repayment terms:<\/strong> Usually ranging from 5 to 20 years<\/li>\n<\/ul>\n\n\n<div class=\"fn_block block_fn_msg_box warning\"><div class=\"fn_block__icon\"><\/div><h3 id=\"Important_Considerations_for_Private_Loans\">Important Considerations for Private Loans:<\/h3><ul>\n<li>May have higher interest rates than federal loans<\/li>\n<li>Fewer borrower protections and flexible repayment options<\/li>\n<li>May require payments while you&#8217;re still in school<\/li>\n<li>Typically do not offer loan forgiveness programs<\/li>\n<\/ul><\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"Types_of_Private_Student_Loans\">Types of Private Student Loans<\/h3>\n\n\n\n<ul>\n<li><strong>Bar Exam Loans: <\/strong>A bar exam loan will cover expenses that a normal student loan won\u2019t. This covers expenses like exam application <a href=\"https:\/\/financer.com\/loans\/glossary\/origination-fee\/\">fees<\/a>, living expenses, and prep classes while law students study for the bar exam. The loan terms on bar exam loans range from one to 20 years and they typically have higher interest rates than federal or private loans.<\/li>\n\n\n\n<li><strong>Credit Union Loans: <\/strong>You may also get a loan from a <a href=\"https:\/\/financer.com\/personal-finance\/articles\/credit-union-vs-bank\/\">credit union<\/a> or community bank. You may also have more favorable terms and discounts if you already have an existing relationship with the institution.<\/li>\n\n\n\n<li><strong>International Student Loans:<\/strong> In general, students who are not U.S. citizens won\u2019t qualify for traditional student loans. Several private lenders offer student loans for international students; however, they often require a co-signer that is a U.S. citizen.<\/li>\n<\/ul>\n\n\n\n<p>Compared to traditional personal loans, private student loans have many benefits to offer and they also provide a wider range of options.<\/p>\n\n\n\n<p>Instead of a federal student loan with a fixed rate and term, you may choose a student loan that has a variable rate and a longer or shorter repayment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"Best_Private_Loans_Based_on_Our_Analysis\">Best Private Loans Based on Our Analysis<\/h3>\n\n\n\n<p>While these options are generally considered among the best, <strong>the ideal student loan for you depends on your individual circumstances, <\/strong>including your financial need, credit history, and future career prospects. <\/p>\n\n\n\n<p><a href=\"https:\/\/financer.com\/results\/\">Always compare multiple options<\/a> and consider consulting with a financial aid advisor before making a decision.<\/p>\n\n\n\n<p>Remember, it&#8217;s generally advisable to exhaust federal loan options before turning to private loans, as federal loans offer more borrower protections and flexible repayment options. However, private loans can be a good option to fill funding gaps or for those who don&#8217;t qualify for federal aid.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">1. SoFi Private Student Loans<\/h4>\n\n\n\n<p>For those who need to supplement federal loans or don&#8217;t qualify for federal aid, <a href=\"https:\/\/financer.com\/company\/sofi\/\">SoFi<\/a> offers some of the best private student loan options.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Why SoFi Private Student Loans Stand Out:<\/h5>\n\n\n\n<ul>\n<li><strong>Competitive interest rates<\/strong> \u2013 Fixed APR: 3.99% &#8211; 14.83%. Variable APR: 5.74% &#8211; 15.86% as of 2024<\/li>\n\n\n\n<li><strong>Flexible repayment terms<\/strong> \u2013 5, 8, 10, or 15 years<\/li>\n\n\n\n<li><strong>No fees<\/strong> \u2013 No origination fees, no late fees, no insufficient funds fees<\/li>\n\n\n\n<li><strong>Unique perks<\/strong> like career coaching and financial advice<\/li>\n\n\n\n<li><strong>Option to add a cosigner and cosigner release<\/strong> after 24 months of on-time payments<\/li>\n<\/ul>\n\n\n<div class=\"fn_block block_fn_button  buttons  is-flex is-flex-direction-column is-align-items-flex-start\"><a href=\"https:\/\/financer.com\/company\/sofi\/\" class=\"button  is-rounded is-primary is-medium is-fullwidth\" target=\"_blank\"  >Find Out More About SoFi Private Student Loans<\/a><\/div>\n\n\n<h4 class=\"wp-block-heading\">2. Ascent Independent Student Loans<\/h4>\n\n\n\n<p><a href=\"https:\/\/financer.com\/company\/ascent\/\" data-type=\"company_single\" data-id=\"20367\">Ascent<\/a> offers an innovative approach to private student loans, particularly beneficial for students without a cosigner or those with limited credit history.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Why Ascent Independent Student Loans Stand Out:<\/h5>\n\n\n\n<ul>\n<li><strong>Offers loans based on future income potential<\/strong>, not just current credit score<\/li>\n\n\n\n<li><strong>Competitive rates<\/strong> \u2013 Fixed APR: 3.69% \u2013 15.21%. Variable APR: 5.99% \u2013 15.95% as of 2024)<\/li>\n\n\n\n<li><strong>1% cash back<\/strong> upon graduation<\/li>\n\n\n\n<li><strong>Flexible repayment options,<\/strong> including deferred payments while in school<\/li>\n\n\n\n<li><strong>Cosigner release option<\/strong> after just 12 months of on-time payments<\/li>\n<\/ul>\n\n\n<div class=\"fn_block block_fn_button  buttons  is-flex is-flex-direction-column is-align-items-flex-start\"><a href=\"https:\/\/financer.com\/company\/ascent\/\" class=\"button  is-rounded is-primary is-medium is-fullwidth\" target=\"_blank\"  >Find Out More About Ascent Independent Student Loans<\/a><\/div>\n\n\n                <div class=\"fn_block block_fn_msg_box cost search-hero--bg1\">\n\t\t\t\t<h3>How to save <span class=\"compare-amount\">$619.00 <\/span> on your loan<\/h3>\n\t\t\t\t<p>The price difference for a $500.00 loan in 90 days is $619.00.<\/p>\n\t\t\t\t<p class=\"has-text-left\"><a href=\"https:\/\/financer.com\/results\/?query=1&filter_non_affiliate=1&param_amount=500&param_period=90\" class=\"button is-normal is-primary is-rounded\">Find out how<\/a><\/p>\n                <\/div><h2 class=\"wp-block-heading\" id=\"How_to_Apply_for_Student_Loans\">How to Apply for Student Loans<\/h2>\n\n\n\n<p>Applying for student loans involves several steps, whether you&#8217;re seeking federal or private loans. Here&#8217;s a streamlined guide to help you through the process:<\/p>\n\n\n<h3 id=\"Steps_to_Apply_for_Student_Loans\">Steps to Apply for Student Loans<\/h3><div class=\"howto_desc\"><p>Follow these steps to apply for both federal and private student loans:<\/p><\/div><h4>Steps<\/h4><div class=\"single-article__steps-toc_step\"><a href=\"#step_1\">1. Complete the FAFSA<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_2\">2. Review Your Student Aid Report<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_3\">3. Receive and Compare Financial Aid Offers<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_4\">4. Consider Private Loans if Needed<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_5\">5. Gather Required Documents<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_6\">6. Apply for Chosen Loans<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_7\">7. Complete Entrance Counseling<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_8\">8. Sign the Loan Agreement<\/a><\/div><div class=\"single-article__steps-toc_step\"><a href=\"#step_9\">9. Wait for Approval and Disbursement<\/a><\/div><div class=\"single-article__steps\">        <style>\n            .single-article__steps-items .single-article__steps-content {\n                background: #FFFFFF;\n                padding: 30px;\n                margin: 0 0 30px 0;\n                border-radius: 10px;\n                box-shadow: 0 0 10px 0 rgba(0, 0, 0, 0.14);\n                width: calc(100% - 5px);\n            }\n            .single-article__steps-items .single-article__steps-counter {\n                padding: 5px 20px;\n                border-radius: 3px;\n                background-color: #F5E7D8;\n                display: inline-block;\n                top: 15px;\n                left: -30px;\n                position: relative;\n                font-size: 16px;\n                font-weight: 600;\n            }\n\/*            .single-article__steps-items::before {\n                content: \"\";\n                position: absolute;\n                top: 20px;\n                left: 0;\n                height: calc(100% + 40px);\n                border-left: 2px dashed #e0e0e1;\n            }*\/\n            .single-article__conclusion-tag {\n                padding: 5px 20px;\n                border-radius: 3px;\n                color: #000000;\n                background-color: #F5E7D8;\n                display: inline-block;\n                top: 15px;\n                left: -30px;\n                position: relative;\n                font-size: 16px;\n                font-weight: 600;\n            }\n            .single-article__conclusion-item {\n                background: #FFFFFF;\n                padding: 30px;\n                margin: 0 0 30px 0;\n                border-radius: 10px;\n                box-shadow: 0 0 10px 0 rgba(0, 0, 0, 0.14);\n            }\n        <\/style>\n        <div class=\"single-article__steps-items\"><div class=\"single-article__steps-counter\" id=\"step_1\">Step 1<\/div><div class=\"single-article__steps-content\"><h3 id=\"Complete-the-FAFSA\">Complete the FAFSA<\/h3><p>Fill out the Free Application for Federal Student Aid (FAFSA) at studentaid.gov. This is required for federal loans and often for private loans too.<\/p><\/div><div class=\"single-article__steps-counter\" id=\"step_2\">Step 2<\/div><div class=\"single-article__steps-content\"><h3 id=\"Review-Your-Student-Aid-Report\">Review Your Student Aid Report<\/h3><p>After submitting your <a href=\"https:\/\/studentaid.gov\/h\/apply-for-aid\/fafsa\">FAFSA<\/a><strong>,<\/strong> you&#8217;ll receive a Student Aid Report summarizing your financial information. Review it for accuracy.<\/p><\/div><div class=\"single-article__steps-counter\" id=\"step_3\">Step 3<\/div><div class=\"single-article__steps-content\"><h3 id=\"Receive-and-Compare-Financial-Aid-Offers\">Receive and Compare Financial Aid Offers<\/h3><p>Schools will send you financial aid offers, including federal loan options. Compare these carefully.<\/p><\/div><div class=\"single-article__steps-counter\" id=\"step_4\">Step 4<\/div><div class=\"single-article__steps-content\"><h3 id=\"Consider-Private-Loans-if-Needed\">Consider Private Loans if Needed<\/h3><p>If federal aid isn&#8217;t sufficient, research private lenders. <a href=\"https:\/\/financer.com\/results\/\">Compare rates<\/a>, terms, and borrower protections.<\/p><\/div><div class=\"single-article__steps-counter\" id=\"step_5\">Step 5<\/div><div class=\"single-article__steps-content\"><h3 id=\"Gather-Required-Documents\">Gather Required Documents<\/h3><p>Collect necessary documents like proof of income, identity, and school enrollment.<\/p><\/div><div class=\"single-article__steps-counter\" id=\"step_6\">Step 6<\/div><div class=\"single-article__steps-content\"><h3 id=\"Apply-for-Chosen-Loans\">Apply for Chosen Loans<\/h3><p>For federal loans, accept the offer through your school. For private loans, apply directly with the lender, often online.<\/p><\/div><div class=\"single-article__steps-counter\" id=\"step_7\">Step 7<\/div><div class=\"single-article__steps-content\"><h3 id=\"Complete-Entrance-Counseling\">Complete Entrance Counseling<\/h3><p>For federal loans, complete mandatory entrance counseling to understand your responsibilities.<\/p><\/div><div class=\"single-article__steps-counter\" id=\"step_8\">Step 8<\/div><div class=\"single-article__steps-content\"><h3 id=\"Sign-the-Loan-Agreement\">Sign the Loan Agreement<\/h3><p>Sign the Master Promissory Note for federal loans or the loan agreement for private loans.<\/p><\/div><\/div>            <div class=\"single-article__conclusion\">\n                <div class=\"single-article__conclusion-tag\" id=\"step_9\">Conclusion<\/div>\n                <div class=\"single-article__conclusion-item\">\n                    <div class=\"single-article__conclusion-content\">\n                                                    <h3>Wait for Approval and Disbursement<\/h3>\n                                                <p>Once approved, the funds will typically be sent directly to your school.<\/p>                    <\/div>\n                <\/div>\n            <\/div>\n            <\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"Important_Tips\">Important Tips<\/h3>\n\n\n\n<ul>\n<li><strong>Apply <\/strong>early to ensure you have all options available<\/li>\n\n\n\n<li><strong>Borrow <\/strong>only what you need<\/li>\n\n\n\n<li><strong>Understand <\/strong>the terms and conditions<strong> <\/strong>of each loan<\/li>\n\n\n\n<li><strong>Consider<\/strong> adding a creditworthy cosigner for private loans to potentially get better rates<\/li>\n\n\n\n<li><strong>Keep track<\/strong> of all your loans and lenders<\/li>\n<\/ul>\n\n\n\n<p>Remember, federal loans typically offer better terms and protections than private loans, so it&#8217;s usually best to exhaust federal options first. <strong>Always borrow responsibly<\/strong> and have a plan for repayment. If you&#8217;re unsure about any part of the process, don&#8217;t hesitate to contact your school&#8217;s financial aid office for guidance.<\/p>\n\n\n<div class=\"fn_block block_fn_msg_box warning\"><div class=\"fn_block__icon\"><\/div><h3 id=\"FAFSA_Deadlines\">FAFSA Deadlines:<\/h3><ul>\n<li><strong>Federal Deadline:<\/strong> June 30, 2025 for the 2024-2025 academic year<\/li>\n<li><strong>State Deadlines:<\/strong> Vary by state, some as early as February<\/li>\n<li><strong>School Deadlines:<\/strong> Often earlier than state and federal deadlines<\/li>\n<\/ul>\n<p>Always check with your school&#8217;s financial aid office for specific deadlines and requirements.<\/p><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"Comparing_Student_Loan_Options\">Comparing Student Loan Options<\/h2>\n\n\n\n<p>When comparing student loan options, consider the following factors:<\/p>\n\n\n\n<ul>\n<li><strong>Interest rates:<\/strong> <a href=\"https:\/\/financer.com\/results\/\">Compare APRs<\/a> for both fixed and variable rate options<\/li>\n\n\n\n<li><strong>Loan terms:<\/strong> Look at the repayment period and when repayment begins<\/li>\n\n\n\n<li><strong>Fees:<\/strong> Check for origination fees, prepayment penalties, and late payment fees<\/li>\n\n\n\n<li><strong>Borrower protections:<\/strong> Consider options for deferment, forbearance, and income-driven repayment<\/li>\n\n\n\n<li><strong>Eligibility requirements:<\/strong> Understand credit score and income requirements<\/li>\n\n\n\n<li><strong>Cosigner release:<\/strong> For private loans, check if and when a cosigner can be released from the loan<\/li>\n<\/ul>\n\n\n<div class=\"fn_block block_fn_msg_box boxed\"><div class=\"fn_block__icon\"><\/div><h3 id=\"Pro_Tip\">Pro Tip:<\/h3><p>Always exhaust your federal student loan options before turning to private loans. Federal loans offer more borrower protections and flexible repayment options.<\/p><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"Student_Loan_Refinancing\">Student Loan Refinancing<\/h2>\n\n\n\n<p>Refinancing your student loans can potentially lower your interest rate or adjust your loan term. Here&#8217;s what you need to know:<\/p>\n\n\n\n<ul>\n<li><strong>Eligibility:<\/strong> Typically requires good credit and stable income<\/li>\n\n\n\n<li><strong>Federal vs. Private:<\/strong> Refinancing federal loans into private loans will cause you to lose federal benefits<\/li>\n\n\n\n<li><strong>Potential savings:<\/strong> A lower interest rate <a href=\"https:\/\/financer.com\/essential-savings-tips-for-everyone\/\">can save you money<\/a> over the life of the loan<\/li>\n\n\n\n<li><strong>Loan terms:<\/strong> You may be able to choose a new repayment term that better fits your financial situation<\/li>\n<\/ul>\n\n\n<div class=\"fn_block block_fn_msg_box warning\"><div class=\"fn_block__icon\"><\/div><h3 id=\"Caution\">Caution:<\/h3><p>Carefully consider the pros and cons before refinancing federal student loans into private loans, as you&#8217;ll lose access to income-driven repayment plans and loan forgiveness programs.<\/p><\/div>\n\n\n<p>Remember, investing in your education can pay off in the long run, but it&#8217;s crucial to borrow wisely and understand the terms of your loans. With the right approach, student loans can be a valuable tool in achieving your educational and career goals.<\/p>\n\n\n<div class=\"fn_block block_fn_button  buttons  is-flex is-flex-direction-column is-align-items-center\"><a href=\"https:\/\/financer.com\/results\/\" class=\"button  is-rounded is-primary is-medium is-fullwidth\" target=\"_blank\"  >Compare Loan Offers for Free With LoanFinder\u2122\ufe0f<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>After analyzing multiple loans available to students, these 3 options stand out. Choosing the right student loan can have a\u2026 <\/p>\n","protected":false},"author":37432,"featured_media":80684,"parent":184,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"disable_branded_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ep_exclude_from_search":false},"categories":[1076],"tags":[4],"_links":{"self":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages\/787"}],"collection":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/users\/37432"}],"replies":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/comments?post=787"}],"version-history":[{"count":50,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages\/787\/revisions"}],"predecessor-version":[{"id":82020,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages\/787\/revisions\/82020"}],"up":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages\/184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/media\/80684"}],"wp:attachment":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/media?parent=787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/categories?post=787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/tags?post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}