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Top 5 Company offering Personal And Federal Student Loan

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Let’s grab the opportunity. Don’t throttle your ambition and your career due to money. Now course fee is not your headache, Just concentrate on your career planning and bank will do the student loan payment. So don’t be afraid about the impracticable course fee, bank will pay it time to time and the repayment of student loans can be done after joining a job in a certain period. student loan company offers two types of student loan, mainly private and federal student loan. Though You have to cross many hurdle to get the federal student loan, but it has many advantages over private loans.

federal student loan benefits

  • Attractive interest rates. This is the main reason for considering the federal student loans are the best.
  • Flexibility of student loan repayment plan.
  • Your can stop your repayments for a period of time when you are going through a financial crisis.
  • Your loan loan will be exempted if there is a issue of your death or permanent disability.
  • Joining the military or certain public service jobs or volunteer with certain organizations will make you free from loan.

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Companies offering private and federal student loan

Here we will give you the details of top 5 companies who offer the private and federal student loans.

    1.  DRB – Darien Rowayton Bank :

  • Offering both private and federal student loans.
  • They offer the loan for the bachelors or graduate degree program (e.g. MBA, Law, Medical/Dental, Physician Assistant, Advanced Degree Nursing, Pharmacist, Engineering, PhD, etc.) as per their criteria.
  • DRB gives the opportunity to the parents of Bachelor degree holders to repayment student loans. they can finance their child’s education as long as their child has graduated and is in job. They can repayment Parent PLUS loans in their own name or their child’s name.
  • Student loan interest rate: 3.92% – 6.47% (with autopay) variable rates and 4.55% – 7.20% (with autopay) fixed rates
  • Repayment terms : 5, 7, 10, 15, 20 year
  • Maximum variable rates for 5-10 year terms are 9%. beyond that maximum rate cap is 10% AP.
  • One of the most attractive offer of DRB is No origination fee or prepayment penalty.
  • They offers the facility of 0.25% Interest Rate diminution with automatic payments via ACH.

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   2. College Ave :  

college-ave-student-loans-logo

  • Offering both private and federal student loans.
  • Student loan interest rates are as low as 2.5 %.
  • Processing time is so low. You can apply in only 3 minutes to get an instant credit settlement.
  • You can Choose any student loan term from 5 to 15 years for paying back student loans.
  • They are offering zero origination fees, application fees or pre-payment fees
  • Private student loan or federal student loan repayment amounts as low as $5,000.
  • You can avail 2 year interest-only option.

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    3. SoFi :

  • Offering both private and federal student loans.
  • They offer the loan after the successful completion of graduate or undergraduate program.
  • Undergraduate and graduate school students can also avail their repaying student loans.
  • Student loan interest rates are as low as 2.13% for variable rates and 3.50% for fixed rates.
  • You can Choose any student loan term from 5, 7, 10, 15, 20 years.
  • They are offering zero origination fees and pre-payment penalties.
  • They provides unemployment protection – your student loan payment will be paused until you will find a new job after loosing the existing and they will help you to find the new one.
  • SoFi provides complimentary coaching for SoFi members.
  • You can participate in their Entrepreneur program if you can qualify.

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   4. Earnest :

 

  • Offering both private and federal student loans.
  • Offer the loan for graduate or undergraduate students.
  • Student loan interest rates are as low as 2.15% for variable rates (autopay) and 3.50% for fixed rates (autopay).
  • You can Choose any student loan term from 5 to 20 years for paying back student loans.
  • Credit score or level of income is not maditory for loan sanction. They have concentrated on evaluating financial responsibility and deliver the lowest possible rate.
  • Earnest will serve you 24×7 as their on-site team is your customer service partner for the life of your loan.
  • They offers the flexibility to switch between fixed and variable rates, change payment dates, even skip a payment once a year and make it up later
  • They provides unemployment protection – your student loan payment will be paused until you will find a new job after loosing the existing
  • They are offering zero origination fees, application fees or pre-payment fees.
  • You have to complete your undergraduate or graduate degree within 6 months – This is a important clause of Earnest.
  • You have to be a U.S. Citizen or permanent resident of U.S.

    5. Citizens Bank :

  • Offering both private and federal student loans.
  • Student loan interest rates are as low as 2.19% APR – 7.94% APR (with autopay) for variable rates (autopay) and 4.74%APR to 9.39% APR (with autopay) for fixed rates.
  • You can Choose any student loan term from 5, 10, 15 or 20 years for paying back student loans.
  • They are offering Loyalty Discount as 0.25 percentage point interest rate reduction on a new Education Repayment Loan if you or your co-signer has a qualifying account with them at the time of application.
  • Automatic Payment Discount is also a attractive feature of Citizens bank student loan.
  • Your Co-signer may be liberated from loan responsibility after making 36 successive installment.
  • They are offering zero origination fees, application fees or pre-payment fees.
  • $10,000 is the minimum amount of Loan to repayment.

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Apart from these Lendkey, CommonBond, Purefy are some well known student loan company who will entertain ed financial student loans.


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