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      February 24, 2018

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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

2018

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
Site

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
Site

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!

Taxpayers May Lose On High-Balance Student Loans

The Brookings Institution has released a new research report by Adam Looney and Constantine Yannelis looking at student borrowers with very high balances. The research provides a good reminder that borrowers with high balances, who often feature ...

Published:  Thu, 22 Feb 2018 16:54:00 GMT



The massive student loan debt burden is a huge financial challenge for women

The massive burden of student loan debt held in the U.S. is a critical financial issue for women. "In case you missed it, graduates in the United States owe an effing fortune in student loan debt, more than $1.3 trillion. And we women, we women hold ...

Published:  Thu, 22 Feb 2018 16:57:00 GMT



Should I pay off my student loans early

I have a student loan with a balance of $95,000 that has an interest rate of 2.4% over 20 years. I save at least 18% of each paycheck for retirement and only pay the minimum on my student loan balance. If I have money left over at the end of a pay period ...

Published:  Thu, 22 Feb 2018 07:11:09 GMT



New Student Loan Promotions Help Borrowers

During the game, beer brand Natural Light advertised a video contest that will give 25 winners $40,000 each to help repay their student loans. This promotion giving away a total of $1 million in prize money has received a lot of media coverage - though ...

Published:  Thu, 22 Feb 2018 18:26:00 GMT



Betsy DeVos may make it easier for student loan borrowers in bankruptcy

The Department of Education may make it easier for people filing for bankruptcy to get out of their student loans. Currently, borrowers must still repay their student loans even if their other debts have been wiped away after filing for bankruptcy ...

Published:  Thu, 22 Feb 2018 15:34:05 GMT



What Parents Can Do to Reduce Borrowing and Repay College Loans

Adam Minsky, a Boston-based lawyer, has been coaching student borrowers on how to deal with poor loan servicing, unscrupulous debt collectors and unsavory lenders since he started his legal practice in 2011. But in recent years, parents who've taken out ...

Published:  Thu, 22 Feb 2018 18:23:00 GMT



Should you pay off your student loans as fast as you can Experts say it depends

(Meredith/CNN Money) -- If you have money left over after a paycheck, what should you do with it Should you invest it or use it to pay down your student debt faster The short answer is to try to do both. "If there's money left over at the end of the ...

Published:  Thu, 22 Feb 2018 06:41:00 GMT



Should You Pay Down Student Loan Debt or Save for a House

As people graduate college, get their first job and start wanting to settle down, it's common for a person to find themselves having to decide whether they should save for a down payment on a home or to focus on paying off their student loans. It can be ...

Published:  Thu, 22 Feb 2018 17:15:00 GMT



Proposed Fed. Budget To Impact Student Loans, CalFresh

President Trump's proposed 2019 budget will eliminate subsidized loans and change CalFresh benefits, directly impacting UC Santa Barbara students. The proposed changes to student loans would save the federal government about $6 billion in fiscal year 2019.

Published:  Wed, 21 Feb 2018 23:51:00 GMT



Making Cents: Student loans

News 12's Kristie Reeter and money expert Jamila Souffrant talk about forming a strategy to stay free of debt. News 12's Kristie Reeter and money expert Jamila Souffrant talk about forming a strategy to stay free of debt. News 12's Kristie Reeter and money ...

Published:  Wed, 21 Feb 2018 14:16:00 GMT



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