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What are Best Student Loans?

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If a private student loan is your only solution to finance education, then consider the best private student loans.

There are top 5 companies that offer reasonable plans for students.

CommonBond, Discover, College Ave, Citizens Bank, Sallie Mae are one of the most popular online companies that offer the best student loans for college. Still, you should also draw your attention to Connext and Risla.

Student Loans

There is no best place for student loans as all banks are suitable for different students with different financial circumstances and priorities.

For instance, College Ave and Citizens Bank offer very reasonable interest rates: 4.55% to 7.50% (fixed) plus 3.88% to 6.88% (variable) and 3.74% to 11.75% (fixed) plus 2.99% to 9.99% (variable) resp. Sallie Mae has also affordable interest rates: 5.74% to 12.87 fixed and 3.00% to 12.37% variable. This company also has an option to make interest-only payments for the first 12 months after your grace period.

CommonBond and Discover have strong and well-developed financial hardship forbearance programs. Risla company offers only fixed rates and it’s quite beneficial in some cases.

There are plenty of detail reviews of the best banks for student loans. Still, you should always rely on the feedback of real clients (your friends or family). Proven lenders are always better than high-rated and the most popular ones.

Bonus: Check refinancing student loans tips.