Student Loan Reviews

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SUNTRUST

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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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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IHELP

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.

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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.

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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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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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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.

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Student Loans

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.

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!



Student Loans In The News

How Much Progress Are Borrowers Making On Their Student Loans

Policymakers and researchers who wish to reform the student loan system are often bedeviled by a lack of good data on how student loans actually perform. A new data release, tracking the loan outcomes of student borrowers who started school in the mid ...

Published:  Fri, 20 Oct 2017 05:58:00 GMT



Navient student loan lawsuit bears watching

As millions of borrowers struggle to stay current on their student loans, a new lawsuit filed against the nation's largest student loan servicing company could provide some relief. The suit, filed earlier this month by Pennsylvania Attorney General Josh ...

Published:  Sun, 22 Oct 2017 00:01:00 GMT



Wounded Michigan vet gets student loan debt forgiven, but now IRS wants $62,000

The IRS is asking a wounded veteran from Michigan to pay $62,000 in income taxes on the federal government's cancellation of his student loans. First Lt. Will Milzarski served two tours in Afghanistan that left him with a traumatic brain injury, post ...

Published:  Sat, 21 Oct 2017 19:57:00 GMT



DeVos Is Sued By 17 States; Richard Spencer And Colleges; Race and Student Loans

Our weekly roundup of education news and happenings may make you uncomfortable, but please don't ban our inconvenient truths. The state of New Mexico announced that it would restore classroom references to evolution, human-caused climate change and the 4.6 ...

Published:  Sat, 21 Oct 2017 03:38:00 GMT



Got a student loan Don't be an easy target for scammers.

If you're in the market to buy a home, you might hear a real estate professional say it's all about "location, location, location." Those in the business of deceit also look for the best location - but not necessarily a physical place. For ...

Published:  Thu, 19 Oct 2017 11:37:00 GMT




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