The Best Private Student Loan Rates for

Find Private Student Loan Options For Your School

Find Private Student Loan Options For Your School

Sallie Mae® has developed a wide range of private education loans, and other education-related services to help make students' dreams of higher education a reality.

  • APR: 1.87% - 12.85%1
  • Loan Types: Undergraduate
  • Loan Terms: 10 - 15 years2
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Why Get a Student Loan from Sallie Mae?

Students and families can invest in their education with private education loans designed to responsibly bridge the gap between personal resources and federal student aid.

Private education loans:

Sallie Mae is committed to serving their borrowers so they can successfully pay their loans and build their credit.

  • 100% U.S. based loan originations and loan servicing representatives
  • Financial literacy resources
  • 24/7 account self-service available online and by phone
  • Team dedicated to helping our borrowers in the military

Key features of Smart Option Student Loan® from Sallie Mae:

  • Competitive interest rates — variable rates start from 1.87% APR to 11.97% APR1 for undergraduate students (as of May 25, 2022). Lowest rates shown include the auto debit discount.
  • Pay now or later - Defer your payments until after school or choose an in-school repayment option that fits your needs.1
  • Discounts: Save with auto debit - get a 0.25 percentage point interest rate reduction when you enroll in and make monthly payments by auto debit.1
  • Detailed review of Sallie Mae Student Loans

Get the money you need for school from Sallie Mae

To help you borrow responsibly, Ascent has incorporated financial education into their application process.

  • APR: 1.62% - 14.52%
  • Loan Types: Undergraduate & Graduate
  • Loan Terms: 5, 10 & 15 Years
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What are the benefits of an Ascent student loan?If you're in the market for a student loan, Ascent has three unique benefits that you should pay attention to:

  1. 1% Cash Back Graduation Reward** 
  2. Non-Cosigned loan options for juniors, seniors and graduate students
  3. Graduated Repayment option to make monthly payments more affordable + and deferment and forbearance plans, which can be hard to come by with private lenders

Ascent offers a 1% Cash Back** Graduation Reward if you meet certain qualifying criteria. This is a very unusual benefit among student loan lenders. Depending how much you borrow, your reward could be enough to cover your first monthly payment ... or to buy a new outfit to wear on job interviews.

Key features of a private student loans through Ascent:

    • 1% CASH BACK Graduation Reward
    • CUSTOMIZE your loan with flexible repayment options
    • COVER UP TO 100% of your tuition & living expenses
    • AVOID FEES - No application, origination or disbursement fees
    • 0.25%-2.00% INTEREST RATE REDUCTION for enrolling in automatic payments
    • RELEASE YOUR COSIGNER after 24 consecutive on-time payments
    • FREE financial Tools

Detailed review of Ascent Student Loans

Education Loan Finance (“ELFI”) makes financing your future simple by offering easy payment options, affordable rates, and flexible terms in an application process that is transparent and secure.

  • APR: 1.30% - 11.99%
  • Loan Types: Undergraduate, Graduate & Parent
  • Loan Terms: 5 - 15 Years
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Why Get A Student Loan Through ELFI?

ELFI believes education fuels empowerment, and because of that, we take the hassle out of obtaining a private student loan.

Want freedom? You can check your rate in minutes without it affecting your credit score.

Want savings? You won’t pay an application, origination or prepayment fee.

Looking for support? Your Student Loan Advisor will make sure there are no hiccups when receiving your funds. How’s that for feeling empowered?

Key features of a student loans from ELFI:

  • Prequalify to estimate your rate without affecting your credit score
  • Submit online application in minutes
  • No application fees, origination fees, or prepayment penalties
  • Low rates and flexible repayment terms to fit your needs and goals
  • Student Loan Advisor to guide you through the application process

Get a personalized quote from ELFI now

Funding U offers no-cosigner student loans up to $15K per school year to help cover the cost of college. Quickly check your eligibility with no impact on your credit.

  • APR: 6.99% - 12.99%
  • Loan Types: Undergraduate
  • Loan Terms: 10 Years
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What are the benefits of a Funding U student loan?

No-Cosigner Student Loans! Unlike other lenders, Funding U doesn't fund your parents. They fund you. Their no cosigner student loans are based on you and your potential.

  1. Pre-approval in minutes.
  2. Our no cosigner student loans always have fixed interest and no hidden fees.
  3. Every student is assigned a single Loan Officer whose job is to be helpful.

Funding U key features & benefits:

  • Finally, a loan high-achieving undergrad students can get based on their own academic merit and not their FICO score.
  • Quickly check your eligibility with no impact on your credit.
  • 100% No Fees
  • Earn rewards through our Borrower Referral Program
  • 0.5% autopay discount

Apply for your no-cosigner student loan today!

SoFi helps undergrads pay for college without the hassle. See rates and terms in just minutes—and get access to tips, tools, and resources along the way.

  • APR: 1.69% - 11.97%
  • Loan Types: Undergraduate & Graduate
  • Loan Terms: 5, 10 & 15 Years
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Why Get A Student Loan Through SoFi?

A better way to pay for school. SoFi’s helped 300,000+ grads refinance their student debt. Now we’re helping undergraduates pay for school with competitive-rate private school loans.

  • All online. All easy. Finish our fast and easy online application all in minutes—and add a cosigner in just a few clicks.
  • Save money. Better rates and more savings versus other private lenders.
  • Repay your way. Pick the repayment option that works for you and your budget.

Key features of a student loans from SoFi:

  • We’re making it easy to apply and add a cosigner to your application in minutes.
  • No fees means no fees. That means no origination fees, no late fees, and no insufficient fund fees. Period.
  • SoFi has flexible repayment options to help you find the loan that fits your budget.
  • Get a 0.25% discount when you set up autopay. Plus, SoFi members can qualify for exclusive rate discounts.
  • Get a your rate in 3 minutes or less.
  • 98% of surveyed members would recommend SoFi to a friend.
  • SoFi Private Student Loans can cover up to 100% of the school-certified cost of attendance.

Get a personalized quote from SoFi now

If savings, scholarships, and grants aren't enough to fully fund your college education, you might be considering taking out a private student loan. While you want to make sure that you're getting the beast deal possible, it's also important to ensure that you're working with a reputable lender.

Key Factors to consider when considering Private Student Loans:

  • Interest Rate
  • Repayment options & flexibility
  • Eligibility requirements

Only 8% of students get approved without a co-signer as most students have little income or no credit history.

Applying with a co-signer can greatly improve your chances of approval

Additional factors to consider when evaluating private student loan options:


Having a variety of payment plans to choose from means that you can select an option that will set you up for success. For example, if you're not able to make full payments while you're ion school, making interest-only payments until you graduate can prevent additional interest from accruing and inflating the size of your loan.


A grace period after graduation means that you're not obligated to start making full payments on your loan right away. A typical grace period is about six months after graduation or after your enrollment drops to half-time.


Few incoming college students have the credit history to qualify for a loan on their own. Most reputable lenders will allow you to release your cosigner from their obligation after you've established your own positive credit history and made a certain number on of-time payments. It's a great way to thank your cosigner for their help.


Many lenders offer reduced interest rates to qualified lenders. For example, signing up for autopay can often yield a discount of 0.25 percentage points. That quarter of a percent can save you a lot of money over the life of your loan.