Best Student Loans

38 Companies

72 Real Customer Reviews

3.9
Average User Rating

Why I can trust BestCompany.com
Compare The Top Student Loans CompaniesSort By:

9.6

Overall Score

22 User Reviews

3 days ago

  • Low APR Rates
  • Flexible Degree Coverage
  • Available in All 50 States
View Company Profile

Credible

  • Low APR Rates
  • Flexible Degree Coverage
  • Available in All 50 States

8.5

Overall Score

21 User Reviews

20 days ago

  • Undergraduate Smart Option Student Loan
  • Mobile App Features
  • College Payment Plan Tools
View Company Profile

Sallie Mae

  • Undergraduate Smart Option Student Loan
  • Mobile App Features
  • College Payment Plan Tools

6.8

Overall Score

13 User Reviews

20 days ago

  • Unverified Profile
  • Lowest Fixed APR: Undisclosed
  • Lowest Variable APR: Undisclosed

Nelnet

  • Unverified Profile
  • Lowest Fixed APR: Undisclosed
  • Lowest Variable APR: Undisclosed
  • Lowest Fixed APR: 4.75%
  • Lowest Variable APR: 2.75%
  • Max Loan Amount: $65k

SunTrust

  • Lowest Fixed APR: 4.75%
  • Lowest Variable APR: 2.75%
  • Max Loan Amount: $65k
  • Lowest Fixed APR: 4.75%
  • Lowest Variable APR: 2.75%
  • Max Loan Amount: $150k

Union Federal Private Student Loan

  • Lowest Fixed APR: 4.75%
  • Lowest Variable APR: 2.75%
  • Max Loan Amount: $150k
  • Lowest Fixed APR: 3.28%
  • Lowest Variable APR: 2.78%
  • Max Loan Amount: Undisclosed

LendEDU

  • Lowest Fixed APR: 3.28%
  • Lowest Variable APR: 2.78%
  • Max Loan Amount: Undisclosed
  • States Serviced: 52
  • Time in Business: 1998
  • Compare Lenders

PrivateStudentLoans.com

  • States Serviced: 52
  • Time in Business: 1998
  • Compare Lenders
  • Lowest Fixed APR: Undisclosed
  • Lowest Variable APR: 2.99%
  • Max Loan Amount: 100%

Student Loan Hero

  • Lowest Fixed APR: Undisclosed
  • Lowest Variable APR: 2.99%
  • Max Loan Amount: 100%
  • Lowest Fixed APR: 5.74%
  • Lowest Variable APR: 3.0%
  • Max Loan Amount: 100%

Regions

  • Lowest Fixed APR: 5.74%
  • Lowest Variable APR: 3.0%
  • Max Loan Amount: 100%
  • Lowest Fixed APR: 5.50%
  • Lowest Variable APR: 2.88%
  • Max Loan Amount: Undisclosed

Commonbond

  • Lowest Fixed APR: 5.50%
  • Lowest Variable APR: 2.88%
  • Max Loan Amount: Undisclosed
#1
  • Low APR Rates
  • Flexible Degree Coverage
  • Available in All 50 States

Credible is a student loan company that was founded in San Francisco in 2012 by CEO and Australian native, Stephen Dash. The idea for Credible sprouted from Dash's response to American student debt and how much of a toll it takes on students. Credible strives to provide students multiple lenders and rates to help them choose their financial future.

View Company Profile
#2
  • Undergraduate Smart Option Student Loan
  • Mobile App Features
  • College Payment Plan Tools

Sallie Mae is a student loan company that started as a government sponsored enterprise in 1972 under the name "The Student Loan Marketing Association" with "Sallie Mae" as a nickname. Sallie Mae focuses on offering private education loans for undergraduate, graduate, and professional students. They also strive to offer various banking products as well as college savings opportunities.

View Company Profile
#3

Nelnet

6.8Overall Score
  • Unverified Profile
  • Lowest Fixed APR: Undisclosed
  • Lowest Variable APR: Undisclosed

Company has not yet verified this profile. We recommend researching the top companies shown below:

View Company Profile
  • Lowest Fixed APR: 4.75%
  • Lowest Variable APR: 2.75%
  • Max Loan Amount: $65k

Company has not yet verified this profile. We recommend researching the top companies shown below:

View Company Profile
  • Lowest Fixed APR: 4.75%
  • Lowest Variable APR: 2.75%
  • Max Loan Amount: $150k

Company has not yet verified this profile. We recommend researching the top companies shown below:

View Company Profile
  • Lowest Fixed APR: 3.28%
  • Lowest Variable APR: 2.78%
  • Max Loan Amount: Undisclosed

Company has not yet verified this profile. We recommend researching the top companies shown below:

View Company Profile
  • States Serviced: 52
  • Time in Business: 1998
  • Compare Lenders

PrivateStudentLoans.com is owned by Edvisors (Edvisors.com), which has been in business since 1998.

PrivateStudentLoans.com is a private student loan comparison tool that allows students to see the best rate offered for their school from the nation's leading lenders including: Sallie Mae, Ascent, College Ave, PNC, Discover and more. PrivateStudentLoans.com works with students seeking loans for schools registered with the DOE (Department of Education). 

View Company Profile
  • Lowest Fixed APR: Undisclosed
  • Lowest Variable APR: 2.99%
  • Max Loan Amount: 100%

Company has not yet verified this profile. We recommend researching the top companies shown below:

View Company Profile
  • Lowest Fixed APR: 5.74%
  • Lowest Variable APR: 3.0%
  • Max Loan Amount: 100%

Founded in 1971 and headquartered in Birmingham, Alabama, Regions is a financial services company that provides retail and commercial banking, trust, securities brokerage, and mortgage and insurance products and services. Regions also offers student loans to borrowers attending degree-granting institutions.

View Company Profile
  • Lowest Fixed APR: 5.50%
  • Lowest Variable APR: 2.88%
  • Max Loan Amount: Undisclosed

Company has not yet verified this profile. We recommend researching the top companies shown below:

View Company Profile

3 Things You Need to Know Before Choosing a Student Loan Company

College is stressful enough without having to worry about a growing mountain of debt — and student debt is still on the rise. Unfortunately, money is something we must consider every day of adulthood. Student loans were created to alleviate the pressure of pre-career debt and help students focus on their studies before entering the workforce. The difficult part is weighing the pros and cons of each individual student loan company.

Understand your opportunity vs. debt ratio

According to The Student Loan Report, the national average of student loan debt for 2016 was $17,126. Additionally, the report pointed out that students in Utah graduated from college with an average of $7,545 while students in New Hampshire graduated with an average of $27,167 in student loan debt. Though these numbers are uncomfortably high, they do give us insight into how to handle the question of whether a college degree merits going into debt.

Research your state and desired colleges in order to determine which student loan company to pick. Make sure you research the average tuition, loan debt, and out-of-college salary in your state. For example, if you live in Utah and discover that the average out-of-college salary for your major or career field is $45,000, then you can look at Utah’s average student loan debt ($7,545) and know you will have a lot of options to choose from. You may even decide, at this point, to pay your way through college without getting a loan. Usually, getting through college without a student loan would only be possible in states like Utah or Wyoming. On the other hand, if you live in a state with a high average tuition and student loan debt (like New Hampshire), you may want to be much more selective about which student loan company you choose.

Know your options

You can get a loan from a private student loan company or you can get federal loans. The benefits of each are complex, but for the sake of simplifying the two options, private student loan companies can usually provide much higher loans while federal student loans tend to be more forgiving. Whatever you decide, you should try applying for Free Application for Federal Student Aid (FAFSA). FAFSA helps colleges determine your need for financial aid, and provide you with options for grants, loans (private loan companies included), or work-study opportunities. The best part about FAFSA is that it gives you a chance to get grants, which you don’t have to pay back; it basically pays part of your tuition for you.

Ask the right questions

When you decide that you need the help of private student loan companies, there are specific things you should find out before choosing one. Does the loan carry fees? Is the loan interest rate fixed or variable? When does the interest begin to accrue? Does the loan company offer any sort of grace period? Does repayment start immediately? Can you and should you have a cosigner? The more information you learn about a student loan company, the more equipped you will be to choose the perfect company for you.