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      November 23, 2017

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Student Loans

  1. College Ave
  2. iHelp
  3. Lending Tree
  4. Discover
  5. Sallie Mae
  6. Wells Fargo

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Student Loans Better Business Bureau Reliability Seal

Apply for Your Student Loan at SunTrust Today As the costs of higher education rise, so does the need for student loans. While some individuals are eligible for federal loans, those loans don't always cover the full cost of getting an education - not just tuition and room/board, but books, laptops, transportation and other expenses. And, people who are ineligible for federal loans don't necessarily have overflowing savings accounts to match their college or university costs.

Private student loans are the way that many students close that gap. On average, students have nearly $40,000 in student loan debt at the time of graduation; without those funds, their aspirations of being a teacher, engineer, or social worker may have been put on hold indefinitely.

Continue reading below reviews

2017

Student Loan Reviews

5 stars
SunTrust

SUNTRUSTTopConsumerReviews.com Best-In-Class Blue Ribbon Award

Although they may not have the same immediate name recognition as some other lenders, SunTrust has an established history in the financial market, particularly with student loans and mortgages. Their two primary student loan products, Custom Choice and Graduate Business School, offer competitive rates and a helpful 1% reduction of your principal as a reward for graduating. SunTrust is our top choice for student loans.
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4.5 stars
College Ave

COLLEGE AVE

College Ave has a great reputation in the student loans market: an "A" rating with the Better Business Bureau, positive customer reviews, and good attention to customer service. Students will appreciate their low interest rates, three-minute application process, and several options for configuring their loan to meet their needs. We highly recommend College Ave for your student loan.
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4 stars
iHelp

I HELP

iHelp uses a wide network of community banks to provide student loans, all serviced by the Student Loan Finance Corporation . While the only available loans are variable-rate products, iHelp has several perks that make them worth considering, particularly the ability to have repayments deferred or forgiven under certain circumstances. Read More... Visit
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3.5 stars
Lending Tree

LENDING TREE

LendingTree helps you find the right student loan by providing you with multiple offers from a variety of lenders - including most of those we reviewed. They also provide a number of easy-to-understand resources, such as articles and videos, to give you the information you need to make a smart decision regarding your student loan. Read More... Visit
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3.5 stars
Discover Student Loans

DISCOVER STUDENT LOANS

Short Among its many financial services, Discover Bank adds student loans to its portfolio. As the first company to offer a cashback bonus on its credit cards, it's no surprise that they offer similar innovative perks with their student loans. Potential borrowers should know that Discover has a less-than-perfect history when it comes to their lending practices and be sure to read the fine print before signing on the dotted line for a student loan.
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2.5 stars
Sallie Mae

SALLIE MAE

No other lender we reviewed can compete with SallieMae's history: more than 34 million Americans helped with college costs since 1972. Interest rates are very competitive, and cosigners can apply to be released after just 12 months of on-time payments, compared with multiple-year requirements of other lenders. On the other hand, hundreds of unhappy borrower reviews describing rude representatives, errors with SallieMae's bookkeeping, and other problems may make it not worth the hassle to apply for your student loan there.
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2 stars
Wells Fargo

WELLS FARGO

Wells Fargo is well-known for its many financial products, from mortgages to investments and more. Their student loans website is easy to use, and they have several ways to lower your interest rates through any other relationships you may already have, such as a checking account or previous loan through Wells Fargo. However, numerous customer reviews describe problems on Wells Fargo's end with accuracy in recording student loan repayments and unhelpful representatives. Read More... Visit
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Continued from above

Fortunately, there are many lenders who want to make it as affordable and simple as possible to complete undergraduate and graduate-level studies. Some represent well-known, established financial institutions, while others work directly with networks of community banks to get much-needed cash into the hands of eager learners.

Comparing offers from lenders can be as easy as going online; in a matter of minutes and mouse clicks, you can see a variety of interest rates, repayment terms, and other details of each program for which you are eligible. This saves you significant time compared with going hat in hand to your local bank or other lending institution, hoping that they will say yes to your loan application.

When deciding on which lender to use for your student loan, you should consider the following factors:

  • Interest rates. The higher your interest rates, the more you pay over the life of the loan. Does the lender have rates that are competitive? Does the lender offer you the choice between fixed and variable rates?
  • Loan terms. What is the repayment term? Does it give you enough time to get a good job and pay it back? Can you pay it off in advance with no penalty?
  • Discounts. Can you get your interest rates lowered by setting up automatic payments from your checking account? Will you get any perks for having a relationship with the lender in other ways, such as a checking account or credit card?
  • Reputation. Some lenders have a solid history of working with borrowers, while others have a not-so-great track record when it comes to customer service after the loan has been disbursed. How does this lender measure up?

TopConsumerReviews.com has reviewed and ranked the best Student Loan providers available today. We hope this information helps you to get the money you need for your studies right away!

I Went From Ignoring My Student Loan Bills To Paying Them Off Ahead Of Schedule

This story originally appeared on LearnVest as "I Almost Defaulted on $65K of Student Loans - Now I'm Paying Them Off Ahead of Schedule." We all remember our first time " reaching a big financial goal. The planning! The stress! The self-doubt!

Published:  Wed, 22 Nov 2017 07:28:00 GMT



Factor Student Loan Default Rates Into College Search

High school juniors and seniors considering college options may concentrate on institutions' course offerings, location and price - not a school's cohort default rate. But overlooking the CDR is a mistake. Prospective college students rarely consider ...

Published:  Wed, 22 Nov 2017 21:29:00 GMT



Middle-class tax relief should address student loans

The views expressed by contributors are their own and not the view of The Hill Tax reform is a hot topic in right now. Our representatives are taking aim at the tax code, promising to make it simpler, while at the same time benefiting the middle class.

Published:  Wed, 22 Nov 2017 12:41:00 GMT



Cases 30-31: Student loans will add to mother's burden

CASE 30 " Ms. C, 50, is employed full time despite multiple medical conditions but cannot make ends meet for her and her 14-year-old daughter. An outstanding $6,000 bill from Ms. C's having had a biopsy makes matters worse. She's also expected to ...

Published:  Wed, 22 Nov 2017 21:15:00 GMT



Citi to pay $6.5 million over claims it misled student loan borrowers

A major bank made it more difficult for student loan borrowers to pay back their debts, according to the Consumer Financial Protection Bureau. On Tuesday, the consumer watchdog ordered Citibank C, -0.17% to pay $6.5 million over claims the bank charged ...

Published:  Wed, 22 Nov 2017 07:53:00 GMT



British government set to sell securities backed by student loans

LONDON (Reuters/IFR) - The British government has begun a much-delayed sale of asset-backed securities backed by student loans, in what it expects to be the first of a series of sales that could bring in 12 billion pounds for the finance ministry.

Published:  Wed, 22 Nov 2017 01:19:00 GMT



Citibank Agrees to $6.5 Million Settlement Over Student Loans

WASHINGTON-Citibank said Tuesday that it agreed to pay $6.5 million to settle accusations by the Consumer Financial Protection Bureau that it harmed people whose student loans it serviced, including by giving misinformation about a tax deduction.

Published:  Tue, 21 Nov 2017 18:39:00 GMT



Citibank fined for illegal student loan servicing practices

"Citibank's servicing failures made it more costly and confusing for borrowers trying to pay back their student loans," said CFPB Director Richard Cordray in a press release. Get email alerts for local stories and events around the world. Sign Up Citibank ...

Published:  Wed, 22 Nov 2017 16:13:00 GMT



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