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Purefy Student Loan Refinance Review

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CordiaGrad Student Loan Refinance Review

Updated January 3, 2017

Purefy provides serious professionals with a Bachelor’s degrees or higher a way to secure lower interest rates on student loan debt through refinancing. If you’re considering a refinance, Purefy has some of the lowest rates around for both fixed and variable loans.

Loan Refinancing Details

Purefy will refinance private, Federal and Parent PLUS loans. (Caveat: You will lose Federal loan benefits like loan forgiveness and income-based repayment once you refinance with a private lender. Make sure you weigh the benefits of a Federal loan against the perks of a low interest rate before making a decision to refinance.)

The minimum amount you can borrow from Purefy is $7,500 and the maximum is $150,000. Loan terms are available for 5, 8, 12 and 15 years. Interest rates at Purefy range from 3.50% to 7.28% APR, fixed.

Purefy Student Loan Refinance Qualifications

You must be a U.S. citizen, permanent resident or resident alien to apply for a loan. In addition, the minimum age requirement is 23 years old. In terms of creditworthiness and income, Purefy has the following standards:

  • Before applying you must be employed for at least two years.
  • You must show proof of income, and Purefy will analyze the amount of debt that you have relative to your income.
  • You must have a strong credit history.
  • You must have a good credit score in order to qualify. If your score is above 700, you have an excellent chance of approval.

Even if you qualify on your own, using a co-signer may help you get a better rate. Purefy borrowers with a co-signer on their loan may request a “co-signer release” if after one year (12 consecutive months) of on-time payments is met, and a quick re-evaluation (note: this does not mean the borrower would have to re-apply) is completed on the borrower’s financial and credit profile.

The Inside Scoop on Fees

If you take out a Purefy loan, you’ll benefit from no origination or prepayment fees. The one fee you may run into is the $25 late fee that’s charged if your payment is received 30 days late. A late fee like this one is pretty standard across the board with all student loan refinances.

The Pros and Cons

Purefy will refinance Parent PLUS loans which is fairly unique in the student loan refinance market. And the fixed and variable rates at Purefy are very reasonable. Parents can also transfer the loan to a child willing to take on the payments. Spouses can also refinance loans together.

Customer service is responsive and there’s a convenient chat feature on the website that makes interacting with its representatives a breeze. In regards to benefits, Purefy offers a 9-month forbearance which is reviewed on a case-by-case basis during instances of hardship, illness, or job loss.

A downside to refinancing with Purefy is that its maximum loan term is just 12 years. It does offer attractive rates and a high loan cap at $350,000, but the loan terms may not be ideal if you have a large amount of student loan debt (unless you can make sizable monthly payments).

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Alternative Student Loan Refinances

If you’re looking for a refinance that will allow you to borrow a large sum for a longer period, look to Laurel Road Bank (formerly known as DRB) or SoFi. These refinances, and others, have comparable interest.

Laurel Road Bank* offers fixed rates from 3.50% to 7.02% APR and variable rates from 2.43% to 6.65% APR which includes a discount for autopay. It will fund up to 100% of your outstanding private and Federal loans. It also allows you to refinance Parent PLUS loans. Loan terms are available for 5, 7, 10, 15 and 20 years. This refinance includes unemployment assistance similar to Purefy for short-term economic hardship.

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All credit products are subject to credit approval. Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $4 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.

SoFi* has variable rates from 2.27% to 7.55% APR and fixed rates from 3.49% to 7.94% APR, which also includes a discount for autopay. Loan terms are available for 5, 10, 15 and 20 years. There’s no limit to how much you can borrow at SoFi and you can refinance both Federal and private student loans. A loan with SoFi also includes free unemployment insurance which will cover you if you happen to be out of a job for a reason other than quitting.

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Who will benefit the most from this refinance?

The Purefy refinance will benefit working professionals who have debt they can repay comfortably within 12 years. The low interest rates offered will allow you to save significant money if you’re currently paying a student loan with high interest.

Ultimately, applicants with a decent income, high credit score, strong credit history and low debt-to-income ratio will be approved by Purefy. Before making any decisions, shop around for the best refinance terms for your unique situation.

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Taylor Gordon is a writer at MagnifyMoney. You can email Taylor here

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SoFi Student Loans: Competitive Rates and Easy Application

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Well known for its low-rate student loan refinancing options, SoFi launched its own private student loans this year for undergraduates, graduate students and parents. With a SoFi student loan, you can enjoy a streamlined application process, competitive rates and flexible repayment terms, though there are some drawbacks as well.

This SoFi student loan review will try to help you decide if this loan is the right option for funding your college or graduate degree.

SoFi student loan review: What is SoFi?

SoFi Student Loan Review: Rates At a Glance

Loan type

Fixed interest rate

Variable interest rate

Undergraduate5.05% to 11.71% APR3.65% to 11.25% APR
Graduate4.33% to 11.99% APR2.93% to 11.57% APR
Parent5.05% to 11.71% APR3.65% to 11.25% APR

SoFi is an online lender that made a splash in the fintech world with its student loan refinancing business. After helping more than 250,000 customers refinance their student loans, SoFi is bringing its same approach to the world of student loans.

Through SoFi, you can borrow up to the full cost of attendance of your school. Parents also have the option to borrow student loans on behalf of their children. Thanks to its competitive rates and no-fee structure,SoFi student loans are worth exploring as you compare options for a private student loan.

Plus, SoFi doesn’t just offer money for school — the company also provides a number of special benefits for its members. For example, if you borrow with SoFi, you’ll have access to exclusive networking events, career coaching services and other activities.

While it’s always a good idea to focus on the best interest rates when you shop around to find a private student loan, SoFi’s special perks are also worth keeping in mind for the added value they could bring to your college and post-graduate experience.

Types of student loans SoFi offers

SoFi offers three types of student loans to borrowers: undergraduate, graduate, and parent student loans. Undergraduates will likely need to apply with a cosigner to meet SoFi’s underwriting requirements. (Note that applying with a cosigner is typical for private student loans — according to data firm MeasureOne, 92% of undergraduates applied for private student loans with a cosigner in the 2018-19 school year.)

See the chart above for the interest rates SoFi offers on its student loans. The lender will look at your creditworthiness, along with other factors, to assign you a from the appropriate range rate after you’ve decided whether to take a fixed-rate or variable-rate loan.

SoFi doesn’t charge any origination, prepayment or even late fees on its student loans. Student and parent loans must be at least $5,000, but can be as much as the entire cost of attendance of the school.

SoFi student loans repayment options

Whether you’re borrowing an undergraduate, graduate or parent student loan from SoFi, you have the option of a five-year, 10-year or 15-year repayment term. Going with a shorter term will mean higher monthly payments, but you’ll pay less interest and get out of debt faster. A longer term could be easier on your budget, but it will increase your overall cost of borrowing.

As for when you start paying back your loan, SoFi offers four options:

  • Deferred repayment: SoFi’s “grace period” — you don’t start repayment while you’re in school or for six months after you graduate. This option isn’t available on parent loans.
  • Interest-only payments: Pay any accrued interest while you’re in school to reduce the overall cost of your loan.
  • Partial payments: Make fixed payments of $25 per month while in school to lower the costs of your loan. This option isn’t available for parents.
  • Immediate payments: Start making full payments on the principal and interest right away.

As noted, parent borrowers can choose only the interest-only payment or immediate repayment on their SoFi loan. For students, meanwhile, choosing to make small or interest-only payments while you’re in school could cut down on costs and avoid a ballooning balance after you graduate.

How SoFi compares with other lenders

SoFistands out among the competition due to its relatively low interest rates and flexible repayment options. Here are a few ways in which SoFi beats the others, as well as some areas where it might fall short.

Advantages of SoFi student loans

You can choose a repayment plan that works for you. While some lenders have even more term-lengths to choose from, SoFi’s options of between five and 15 years still offers enough freedom to pick a repayment plan that works for your budget and goals.

You don’t have to worry about hidden fees. SoFi doesn’t charge any origination fees, application fees, insufficient funds fees or prepayment penalties — it doesn’t even have late fees. That said, missing payments could harm your credit, just as it would on any type of debt.

You could qualify for a very low rate. SoFi offers very competitive interest rates — its lowest rates even beat those on federal student loans. If you or your cosigner has excellent credit, you could qualify for a low-cost student loan.

You can check your rates without harming your credit. As an online lender, SoFi makes it easy to prequalify with an instant rate quote. This rate check only does a soft credit pull, so you don’t have to worry about dinging your credit score. You’ll only consent to a hard credit inquiry — which can lower your credit score slightly for a short period of time — after choosing a loan offer and submitting a full application.

You can qualify for an “unemployment protection” benefit. If you lose your job, SoFi might allow you to place your loan into forbearance for three months at a time, up to a maximum of 12 months total. You won’t have to make payments during this time, but your loan terms won’t get longer, meaning that you’ll have to make increased payments once forbearance ends.

You can put your loan in deferment if you go back to school. Borrowers who go back to school can pause payments through deferment for up to 36 months.

You can benefit from career coaching, networking events and other perks. As a SoFi member, you’ll get access to complementary career coaching, which can help you with your job search, personal branding and other aspects that can help in building your career. You can also access networking events, such as dinners, happy hours and financial education workshops. Benefits like these are rare among student loan lenders.

You could release your cosigner. SoFi allows borrowers to apply for cosigner release after 24 months of full principal and interest payments. Note, however, that cosigner release isn’t guaranteed.

You could get discounted rates on future SoFi loans. If you borrow another SoFi loan in the future, such as a personal loan or mortgage, you could get a rate discount of 0.125%. Plus, you can earn up to $300 for referring others to become SoFi members.

You can borrow a loan in all 50 states. While some other lenders have geographic restrictions, SoFi lends in all 50 states and the District of Columbia.

Disadvantages of SoFi student loans

You might have a tough time qualifying. You or your cosigner will have to meet certain underwriting requirements to borrow from any private lender, including SoFi. While SoFi doesn’t advertise a specific credit score, it says most borrowers have a score of 700 or higher. If you look at SoFi’s reviews on the BBB (the Better Business Bureau) website, you’ll likely see some dissatisfied customers that weren’t able to meet SoFi’s stringent credit requirements.

You might find a longer grace period elsewhere. While SoFi offers the standard grace period of six months, Earnest offers an even longer grace period of nine months. Although delaying repayment will make your loan more expensive, it could be helpful if you’re having trouble finding a job after graduation.

You might be able to find better rates with a different lender. Although SoFi offers very competitive rates, it’s always a good idea to shop around — you never know if you could get even better rates elsewhere unless you look.

You won’t have access to federal benefits. Finally, it’s important to note that SoFi student loans, just like any other private student loan, don’t qualify for federal benefits. You won’t be able to access income-driven repayment plans, or government-sponsored forgiveness programs, such as Public Service Loan Forgiveness. Before turning to any private lender, it’s probably a good idea to max out your eligibility for federal student loans first.

What it takes to qualify for SoFi student loans

When you apply, SoFi reviews your or your cosigner’s credit and income, as well as your financial history, your career experience and your monthly income versus your expenses.

Along with making sure you meet credit and income requirements, SoFi reviews your application to make sure you also meet these criteria:

  • Attend a qualifying school at least half-time. Most four-year public and private degree institutions qualify
  • Be the age of majority in your state, or apply with a cosigner who is
  • Use the loan for qualified educational expenses
  • Make satisfactory academic progress toward your degree
  • Be a U.S. citizen

Note that parent borrowers are not required to be the legal guardian of a student to apply for SoFi’s parent loan.

Are SoFi student loans right for you?

With its low rates, flexible terms and host of member benefits, SoFi could be the lender to meet your financial needs. But it’s always a good idea to look at several lenders, so you can find the private student loan with the best rate or other benefits.

Take advantage of the instant rate quotes that online lenders such as SoFi, Earnest or College Ave Student Loans offer, so you can compare offers without hurting your credit. By doing your lender-research homework, you can feel confident you’ve found a student loan with the lowest costs of borrowing.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Rebecca Safier
Rebecca Safier |

Rebecca Safier is a writer at MagnifyMoney. You can email Rebecca here

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College Students and Recent Grads, Student Loan ReFi

Best Private Student Loan Companies in 2019

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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Taking out private student loans can be a relatively expensive ways to borrow for school, yet many college students make the mistake of turning to private loans too quickly. From 2015 to 2016, more than half (53%) of undergraduates borrowed from private lenders before maximizing their federal loan allotment, according to the Institute for College Access and Success.

On the other hand, federal loans can only go so far, especially if you are pursuing a postgraduate degree that requires more schooling. Once you’ve tapped out your federal aid, a private student loan could help you fill the gap.

While federal loans offer a relatively uniform application process and loan terms, private lenders’ terms can vary widely. If you’re thinking about paying for school with a private student loan, it’s vital to compare lenders’ offerings to find the one that’s best for you.

How we ranked the best private student loans

There’s a lot to review when you’re shopping around with private lenders. Your annual percentage rate (APR), fees and loan repayment term could impact how much you pay in interest over the lifetime of the loan. Other features — such as a straightforward application process and the option to request that a cosigner be removed from the loan — could also affect your repayment.

We started the search for the best private student loan companies by identifying the 10 largest national private lenders. Each lender’s undergraduate student loan was graded on eight critical factors:

  • Private lenders offer loans with varying interest rates depending on the applicant’s creditworthiness — or that of the applicant’s cosigner. Lenders advertise an interest-rate range that you can use to compare one with another.
  • In this case, each lender was assigned grades based on its lowest and highest APRs compared with the average lowest and highest APRs for all 10 lenders. Each lender received four scores (as they all offer variable-rate and fixed-rate loans), and the lenders with below-average APRs received top marks.
  • Lenders could charge application, origination and prepayment fees based on your loan balance.
  • Although fees are becoming a thing of the past, one of these 10 lenders (CommonBond) still charges a federal-like origination fee when the loan is disbursed.
  • All of the top 10 lenders offer an online application, but the clarity and ease of use can vary. The lenders with intuitive processes, plus pre-qualification offers, got the best grades.
  • Many private student lenders, including all 10 of the lenders we compared, offer a 0.25% interest rate discount if you enroll in autopay. A few lenders earned extra points for also extending a 0.25% interest rate discount to borrowers with a related bank account.
  • Most of the private student loans we compared offered several repayment terms with a maximum of 15 or 20 years. Lenders that feature fewer loan-term options didn’t score as well because they offer less flexibility to borrowers.
  • Most undergraduate students qualify for private loans thanks to a creditworthy cosigner, who can also help reduce the interest rate. Some private student loan lenders let you apply to release your cosigner after you make a given number of consecutive, on-time full principal and interest payments and pass a credit check. Setting the bar for a top score of only 12 payments was the shortest option available among the lenders we compared.
  • You may be able to choose from different repayment plans, such as making interest-only payments while you’re in school or fully deferring payments until your post-school grace period ends. Lenders that offer full interest and principal deferment received top marks.
  • A few lenders earned extra credit because they offer unique perks, such as a principal rate reduction or cash back when you graduate.

After assigning each lender a grade, we ranked them and selected the top five for our “Best Private Student Loan Companies” list.

Our top picks for private student loan companies

 

Sallie Mae

CommonBond

College Ave

Citizens Bank

Wells Fargo

Ranking12345
Variable APR3.62% to 10.75%3.52% to 9.50%3.96% to 11.98%3.36% to 11.62%4.80% to 10.72%
Fixed APR4.99% to 11.35%5.45% to 9.74%4.72% to 12.94%4.72% to 12.19%5.49% to 10.93%
Rate discount0.25% for autopay0.25% for autopay0.25% for autopay0.25% for autopay, 0.25% for having a Citizens Bank account0.25% for autopay, 0.25 to 0.50% for having a Wells Fargo banking or investment account
Origination feeNo Origination FeesYesNo Origination FeesNo Origination FeesNo Origination Fees
Repayment terms5 to 15 years5, 10 or 15 years5, 8, 10 or 15 years5, 10 or 15 years15 years
Cosigner releaseAfter 12 months of timely paymentsAfter 24 months of timely paymentsAfter half your term has elapsed and after 24 months of timely paymentsAfter 36 months of timely paymentsAfter 24 months of timely payments
PerkReceive study support, plus credit score trackingPause your repayment for up to 12 months after leaving school via economic hardship forbearanceReceive $150 bonus upon graduationReceive approval for multiple years of loans at onceN/A

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on College AVE’s secure website

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on Wells Fargo Bank’s secure website

*Rates are current as of Jan. 24, 2019, and may include a 0.25% autopay discount.

#1 Sallie MaeSmart Option Student Loan

Sallie Mae offers a wide range of student loans to undergraduate, graduate and professional students, as well as their parents. That may not come as a surprise though, since Sallie Mae is one of the most widely known private student loan companies. It opened its doors in 1972 as a government-sponsored company before privatizing in 2004.

  • Why it’s our top pick:
    • The undergraduate Smart Option Student Loan has a few standout benefits, such as the option to release a cosigner after making 12 consecutive monthly payments.
    • You can also choose from three in-school repayment plans: full deferment, $25 monthly payments or interest-only payments. And if you’re having trouble making payments after graduation, you can also request to make 12 interest-only payments.
    • Borrowers also get non-loan-related perks, such as quarterly access to one of their FICO credit scores, plus four months of academic support from Chegg.
  • Room for improvement:
    • Overall, Sallie Mae serves borrowers a variety of choices and benefits. However, it doesn’t offer as many potential discounts as some of the other top lenders. Still, if you find you qualify for a lower pre-discount rate with Sallie Mae than another lender, Sallie Mae could indeed be a smart option.
  • Fine print to watch out for:
    • Sallie Mae says it offers repayment terms between 5 and 15 years, but your repayment term depends on a variety of factors, including your loan amount. Unlike with other lenders, you can’t independently choose your repayment term.

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#2 CommonBond

Founded in 2012, the student loan refinancing and lending firm CommonBond is perhaps the most giving among competitors. For every loan it funds, it pays for the education of a child abroad. That could among a number of factors that push CommonBond over the top when you’re considering where to borrow for college.

  • Why we like it:
    • Aside from its do-good ways, CommonBond also saves money for its borrowers. It offers for the most part, the lowest rates of any lender under consideration, plus the benefits found at most online-only lenders: a straightforward loan application, flexible repayment terms and responsive customer service.
    • Although it’s not the only lender to offer you the ability to pause your payments once you leave school, it’s also worth noting that CommonBond gives its members up to 12 months of forbearance. That could come in handy if you lose your job or fall on hard times once you’re out in the real world.
  • Room for improvement:
    • CommonBond offers low rates, but it also charges a 2% origination fee. Aside from matching Sallie Mae’s 12-month path to cosigner release, eliminating the fee is CommonBond’s biggest bugaboo. If you decide the lender is right for you, ensure you calculate the added cost of this 2% fee, which is a one-time charge based on your loan amount.
  • Fine print to watch out for:
    • Unlike federal student loan options for deferment and forbearance, CommonBond (like other private lenders) isn’t mandated to grant you a pause on your repayment. You would need to prove that your circumstances are dire enough to be considered.

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#3 College Ave

Founded by former Sallie Mae executives, College Ave is another online-only lender looking to disrupt the student loan industry. It lends to undergraduates, graduate students and parents, plus students attending career schools.

  • Why we like it:
    • College Ave is the only lender among the 10 we surveyed that offers four repayment term options (5, 8, 10 and 15 years). Interestingly, the company says 79% of its borrowers choose plans of 10 years or less, keeping additional interest from accruing during the life of repayment.
  • Room for improvement:
    • We penalized College Ave in our rankings for its slow path to cosigner release. If you agree to borrow on a 10-year term with the lender, you won’t be eligible to apply to remove your cosigner until after the five-year mark. All the other lenders we reviewed offer release within 12 to 48 months.
  • Fine print to watch out for:
    • College Ave contends it takes just three minutes to apply for a loan, but that merely determines whether or not you (and/or your cosigner) are eligible. After prequalifying, you could proceed to the more detailed application process.

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#4 Citizens Bank

Citizens Bank is a large traditional bank with over 1,100 branches across 11 states. It offers student loans to undergraduates, graduate students and parents, as well as student loan refinancing.

  • Why we like it:
    • You might need to apply for a student loan at the start of each term. With Citizen Bank’s multi-year approval, however, you could choose to borrow additional money for another term without having to fill out a new application.
    • Also, if you or your cosigner have a qualifying bank account or loan from Citizens Bank, you could be eligible for a permanent 0.25% interest rate reduction on your student loan.
  • Room for improvement:
    • The primary drawback is the 36-payment requirement to apply to release a cosigner. Aside from that, Citizens Bank offers competitive rates, a variety of loan terms and interest-rate discounts that are in line or possibly better than many of the other private student loan companies.
  • Fine print to watch out for:
    • To qualify for cosigner release, you must also submit income statements to prove you can handle repayment on your own.

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#5 Wells Fargo

You’ll likely recognize Wells Fargo, as it’s one of the largest banks in the U.S., but you may not have realized that it offers student loans. It has several different programs, with offerings for community college students, undergraduates, graduates and professional school students.

  • Why we like it:
    • Like many other lenders, Wells Fargo offers a 0.25% interest rate discount if you enroll in autopay. Also, you can get a permanent 0.25% to 0.50% interest rate reduction if you or your cosigner have an eligible Wells Fargo student loan, consumer checking account or Portfolio by Wells Fargo relationship.
  • Room for improvement:
    • Put simply: You’re put in a box. You have to choose a 15-year term for your student loan. If you stick to making your required payment amount, you could wind up paying more in interest than if you took out a shorter loan elsewhere.
  • Fine print to watch out for:
    • Be sure that you make your first full payment on time. If it’s late, you’ll need to make 48 consecutive full payments (rather than 24) before you can apply to release a cosigner.

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Determine if a private student loan is right for you

Using our rankings, you might be able to identify the private lender that offers you the best overall loan. However, it’s worth taking a step back to consider all your options before committing.

To do this objectively, come up with the list of criteria that matter most to you. They could vary from the eight criteria that we employed above — your list might emphasize a lender’s customer service, for instance.

When you’re comparing lenders with your criteria in mind, be prepared to weigh them as you see fit. You might not have a cosigner and therefore don’t care if a lender offers a fast path to cosigner release. In that case, you might look past top-ranked Sallie Mae — and its industry-best 12-month policy — to prioritize a lender that offers the lowest rates to independent borrowers.

Finally, confirm that you’re eligible to borrow from most private student loans banks, credit unions and online companies. You might find yourself disqualified, for example, if you’re an international student without a U.S. permanent resident cosigner. Lenders also generally require undergraduates to be 18, to attend school at least half-time and to have solid to strong credit — or to apply a cosigner who does.

Alternatives to private student loans

Almost always, federal student loans should be a borrower’s first choice if he or she has to borrow money. In part, this is because federal loans give you access to forgiveness programs, special repayment plans and guaranteed options to defer payments or put your loans in forbearance.

Also, if you haven’t built credit of your own and don’t have a creditworthy cosigner, federal student loans could be your only option. Most don’t have a credit requirement, and the federal loans for graduate or professional students and parents that do have a credit check don’t vary their interest rate based on your credit.

By contrast, even with a creditworthy cosigner, you may wind up with a higher interest rate if you take out a private student loan. Advertised interest rates can climb into the double digits, while 2018-2019 undergrads could access federal direct subsidized and unsubsidized student loans at 5.05%.

However, there may be times when a private student loan makes sense or could be a necessity. For example, undergraduate federal student loans have annual ($5,500 to $12,500) and aggregate (up to $57,500) borrowing limits that may not be enough to cover all your educational expenses.

Even if your unsure about whether you’re going to take out federal or private loans, complete the Free Application for Federal Student Aid (FAFSA) annually. In addition to being a requirement for federal loans and work-study aid, you may need to submit the FAFSA to qualify for some grants and scholarships.

Secure as much gift aid as you can before resorting to loans of any kind. After all, grants and scholarships don’t need to be repaid.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Louis DeNicola
Louis DeNicola |

Louis DeNicola is a writer at MagnifyMoney. You can email Louis at [email protected]

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