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Updated: December 8, 2022

Best Private Student Loans for Graduate Students

Savingforcollege.com has developed a methodology for ranking private student loans based on a set of objective criteria. Here are the best private student loans for graduate school:

Looking for a private student loan? It’s important to shop around for the best interest rate, fees, terms and conditions to suit your needs. Here are a few of our top picks for you to consider.

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure

4.50% – 13.50%

3.69% – 12.13%

5 years, 10 years, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.50% – 13.50%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.69% – 12.13%

Terms
5 years, 10 years, 15 years

Fees
No fees

Offers
Current customer discount (0.125%), Autopay discount (0.25%), and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 12/01/2022 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner.  Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores. 

5.62% – 16.75%

5.72% – 14.98%

7, 10, 12, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.62% – 16.75%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.72% – 14.98%

Terms
7, 10, 12, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Reward of $525 per successful referral, and Graduation Reward (1%)

Graduate Student Loan Rating

Advertising Disclosure
×

Lowest rates shown include the auto debit discount. Advertised APRs for Graduate School Loan assume a $10,000 loan with a 2-year in-school period. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.

3 Repayment options: Deferred repayment; $25 Fixed repayment; Interest repayment; Example of a typical transaction for a $10,000 Graduate School Loan with the most common fixed rate, Fixed Repayment Option, and two disbursements. For borrowers with a 27-month in-school and separation period, it works out to 14.30% fixed APR, 27 payments of $25.00, 178 payments of $172.22 and one payment of $115.59, for a total loan cost of $31,445.75. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 15 years. 

Only the borrower may apply for cosigner release. To do so, they must first meet the age of majority in their state and provide proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if their status has changed since they applied). In the last 12 months, the borrower can’t have been past due on any loans serviced by Sallie Mae for 30 or more days or enrolled in any hardship forbearances or modified repayment programs. In addition, the borrower must have paid ahed or made 12 on-time principal and interest payments on each loan requested for release. The loan can’t be past due when the cosigner release application is processed. The borrower must also demonstrate the ability to assume full responsibility of the loan(s) individually and pass a credit review when the cosigner release application is processed that demonstrates a satisfactory credit history including but not limited to no: bankruptcy, foreclosure, student loan(s) in default or 90-day delinquencies in the last 24 months. Requirements are subject to change. 

Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Sallie Mae reserves the right to apporve a lower loan amount than the school-certified amount.

Information advertised valid as of 11/25/2022.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Saving for College is not the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan customers.

©2022 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks if Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

5.25% – 14.48%

5.12% – 14.73%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.25% – 14.48%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.12% – 14.73%

Terms
15 years

Fees
Late fees

Offers
0.25 percentage point interest rate reduction with autopay and borrowers can apply for cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 4.24% APR to 13.03% APR (excludes 0.25% Auto Pay discount). Variable rates range from 3.83% APR to 12.53% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. Although the rate will vary after you are approved, it will never exceed 36% (the maximum allowable for this loan). Please note, Earnest Private Student Loans are not available in Nevada. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account. It is important to note that the 0.25% Auto Pay discount is not available while loan payments are deferred.

THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER.

4.19% – 12.78%

3.79% – 10.19%

Up to 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.19% – 12.78%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.79% – 10.19%

Terms
Up to 15 years

Fees
No fees

Offers
Autopay discount (0.25%), Customizable payment due date, and Option to Skip 1 payment every 12 months

Graduate Student Loan Rating

Advertising Disclosure
×

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

(1)The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

(2)This informational repayment example uses typical loan terms for a first year graduate student borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.10% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $141.66 while in the repayment period, for a total amount of payments of $16,699.21. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 11/15/2022. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

4.24% – 12.99% 1

3.99% – 12.99% 1

5, 8, 10, 15 years 2

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.24% – 12.99%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.99% – 12.99%

Terms
5, 8, 10, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Graduation reward ($150), and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure

3.99% – 10.32%

4.36% – 10.24%

5 years, 10 years, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.99% – 10.32%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.36% – 10.24%

Terms
5 years, 10 years, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Cosigner release, and One-time payment due date change

Graduate Student Loan Rating

You can also view the top private student loans for graduate students by category:

Be sure to pursue other options, such as any financial aid you receive from the FAFSA before turning to private student loans to fill any funding gaps. This may include scholarships, grants and work-study, or other student loan options such as a graduate plus loan.

Best Student Loans by Category

When shopping for graduate school loans, you may find that some eligibility requirements include having a cosigner. A cosigner is typically a parent or other adult who shares equal responsibility for your student loan. Even if you don’t have bad credit, you may still need a cosigner if you don’t have a steady income or solid credit history.
If you prefer to take out a loan without a cosigner, or you simply don’t have one, consider one of these best private loans for borrowers without a cosigner.

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure

3.39% – 11.98%

1.99% – 10.97%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.39% – 11.98%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
1.99% – 10.97%

Terms
15 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure

4.50% – 13.50%

3.69% – 12.13%

5 years, 10 years, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.50% – 13.50%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.69% – 12.13%

Terms
5 years, 10 years, 15 years

Fees
No fees

Offers
Current customer discount (0.125%), Autopay discount (0.25%), and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 12/01/2022 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner.  Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores. 

5.62% – 16.75%

5.72% – 14.98%

7, 10, 12, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.62% – 16.75%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.72% – 14.98%

Terms
7, 10, 12, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Reward of $525 per successful referral, and Graduation Reward (1%)

Graduate Student Loan Rating

If your parents are willing to help you pay for college, they may have considered a federal Parent PLUS loan. However, depending on their credit score, your parent may be able to qualify for a lower interest rate by cosigning a loan with you.
Some lenders offer a cosigner release option, which is ideal for parents who are willing to help you get a loan but may not want a long-term commitment. Here is a list of the student loan providers with the best cosigner release options.

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure

3.39% – 11.98%

1.99% – 10.97%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.39% – 11.98%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
1.99% – 10.97%

Terms
15 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 12/01/2022 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner.  Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores. 

5.62% – 16.75%

5.72% – 14.98%

7, 10, 12, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.62% – 16.75%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.72% – 14.98%

Terms
7, 10, 12, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Reward of $525 per successful referral, and Graduation Reward (1%)

Graduate Student Loan Rating

Advertising Disclosure
×

Lowest rates shown include the auto debit discount. Advertised APRs for Graduate School Loan assume a $10,000 loan with a 2-year in-school period. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.

3 Repayment options: Deferred repayment; $25 Fixed repayment; Interest repayment; Example of a typical transaction for a $10,000 Graduate School Loan with the most common fixed rate, Fixed Repayment Option, and two disbursements. For borrowers with a 27-month in-school and separation period, it works out to 14.30% fixed APR, 27 payments of $25.00, 178 payments of $172.22 and one payment of $115.59, for a total loan cost of $31,445.75. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 15 years. 

Only the borrower may apply for cosigner release. To do so, they must first meet the age of majority in their state and provide proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if their status has changed since they applied). In the last 12 months, the borrower can’t have been past due on any loans serviced by Sallie Mae for 30 or more days or enrolled in any hardship forbearances or modified repayment programs. In addition, the borrower must have paid ahed or made 12 on-time principal and interest payments on each loan requested for release. The loan can’t be past due when the cosigner release application is processed. The borrower must also demonstrate the ability to assume full responsibility of the loan(s) individually and pass a credit review when the cosigner release application is processed that demonstrates a satisfactory credit history including but not limited to no: bankruptcy, foreclosure, student loan(s) in default or 90-day delinquencies in the last 24 months. Requirements are subject to change. 

Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Sallie Mae reserves the right to apporve a lower loan amount than the school-certified amount.

Information advertised valid as of 11/25/2022.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Saving for College is not the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan customers.

©2022 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks if Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

5.25% – 14.48%

5.12% – 14.73%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.25% – 14.48%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.12% – 14.73%

Terms
15 years

Fees
Late fees

Offers
0.25 percentage point interest rate reduction with autopay and borrowers can apply for cosigner release

Graduate Student Loan Rating

Your repayment term will vary depending on the loan and lender you choose. Flexibility is critical for all borrowers, since anyone can be faced with an unexpected setback such as a job loss or medical emergency.
The following lenders offer graduate students the most flexibility when it comes to a repayment plan, repayment terms, your monthly payment, your loan term, grace periods, forbearances and discharge options.

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure

3.39% – 11.98%

1.99% – 10.97%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.39% – 11.98%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
1.99% – 10.97%

Terms
15 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure

4.50% – 13.50%

3.69% – 12.13%

5 years, 10 years, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.50% – 13.50%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.69% – 12.13%

Terms
5 years, 10 years, 15 years

Fees
No fees

Offers
Current customer discount (0.125%), Autopay discount (0.25%), and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 4.24% APR to 13.03% APR (excludes 0.25% Auto Pay discount). Variable rates range from 3.83% APR to 12.53% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. Although the rate will vary after you are approved, it will never exceed 36% (the maximum allowable for this loan). Please note, Earnest Private Student Loans are not available in Nevada. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account. It is important to note that the 0.25% Auto Pay discount is not available while loan payments are deferred.

THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER.

4.19% – 12.78%

3.79% – 10.19%

Up to 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.19% – 12.78%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.79% – 10.19%

Terms
Up to 15 years

Fees
No fees

Offers
Autopay discount (0.25%), Customizable payment due date, and Option to Skip 1 payment every 12 months

Graduate Student Loan Rating

Deferment allows you to temporarily pause or reduce your student loan payments. This option is commonly used when a borrower goes back to college or starts an internship, fellowship or residency.
Overall, a federal student loan offers more deferment options than a private loan. But, there are some private lenders that allow borrowers to pause payments in certain situations. The following private lenders offer the best deferment options for graduate students.

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure
×

Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 12/01/2022 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner.  Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores. 

5.62% – 16.75%

5.72% – 14.98%

7, 10, 12, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.62% – 16.75%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.72% – 14.98%

Terms
7, 10, 12, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Reward of $525 per successful referral, and Graduation Reward (1%)

Graduate Student Loan Rating

Advertising Disclosure
×

Lowest rates shown include the auto debit discount. Advertised APRs for Graduate School Loan assume a $10,000 loan with a 2-year in-school period. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.

3 Repayment options: Deferred repayment; $25 Fixed repayment; Interest repayment; Example of a typical transaction for a $10,000 Graduate School Loan with the most common fixed rate, Fixed Repayment Option, and two disbursements. For borrowers with a 27-month in-school and separation period, it works out to 14.30% fixed APR, 27 payments of $25.00, 178 payments of $172.22 and one payment of $115.59, for a total loan cost of $31,445.75. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 15 years. 

Only the borrower may apply for cosigner release. To do so, they must first meet the age of majority in their state and provide proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if their status has changed since they applied). In the last 12 months, the borrower can’t have been past due on any loans serviced by Sallie Mae for 30 or more days or enrolled in any hardship forbearances or modified repayment programs. In addition, the borrower must have paid ahed or made 12 on-time principal and interest payments on each loan requested for release. The loan can’t be past due when the cosigner release application is processed. The borrower must also demonstrate the ability to assume full responsibility of the loan(s) individually and pass a credit review when the cosigner release application is processed that demonstrates a satisfactory credit history including but not limited to no: bankruptcy, foreclosure, student loan(s) in default or 90-day delinquencies in the last 24 months. Requirements are subject to change. 

Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Sallie Mae reserves the right to apporve a lower loan amount than the school-certified amount.

Information advertised valid as of 11/25/2022.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Saving for College is not the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan customers.

©2022 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks if Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

5.25% – 14.48%

5.12% – 14.73%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.25% – 14.48%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.12% – 14.73%

Terms
15 years

Fees
Late fees

Offers
0.25 percentage point interest rate reduction with autopay and borrowers can apply for cosigner release

Graduate Student Loan Rating

Advertising Disclosure

3.99% – 10.32%

4.36% – 10.24%

5 years, 10 years, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.99% – 10.32%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.36% – 10.24%

Terms
5 years, 10 years, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Cosigner release, and One-time payment due date change

Graduate Student Loan Rating

When shopping for a private education loan, don’t forget about customer service. Many borrowers have had issues with student loan companies, but fortunately complaints are often documented.
The list below includes the private student loan lenders with the best customer service, based on self-service options, call center characteristics, popularity and complaint rates.

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure

3.39% – 11.98%

1.99% – 10.97%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.39% – 11.98%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
1.99% – 10.97%

Terms
15 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

  1. Terms and conditions apply. Loan products, terms, and benefits displayed on this website may be modified or discontinued at any time without notice. Your rate will be determined after a review of your application and credit profile. You must be either a U.S. citizen or Permanent Resident in an eligible state and from an eligible school (enrolled on at least a half-time basis), and meet Navy Federal Credit Union’s credit and income requirements to qualify for a loan. Additionally, in order to receive a loan from Navy Federal Credit Union, you must be a member of Navy Federal Credit Union. If you are not a member of Navy Federal Credit Union, you must apply and become a member during the loan application process. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate. All private student loans from Navy Federal Credit Union must be certified by the applicant’s school, and Navy Federal Credit Union reserves the right to reduce the loan amount or withhold funding based on the school certification or in the event the school does not certify the loan, respectively.
  2. If you choose and receive a variable rate loan, your rate may change once a quarter. The variable rate is based on the average of a publicly available index, the 3-month LIBOR, as published in the Wall Street Journal on the first of each month for the last three months immediately preceding the quarterly adjustment date. If the first day of the month is not a business day, the preceding business day will be used. Your rate will be calculated each quarter by adding the 3-month LIBOR to a margin that is assigned to your loan upon loan approval. All loans are subject to an interest rate floor based on term: 10 year: 2.99% and an interest rate cap of 18.00%.
  3. If you enroll in automatic monthly payments from a personal checking or savings account to pay principal and interest amounts that are due, the rate will be reduced by 0.25%, subject to the floor rate. This rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments.
  4. The full Repayment Period will begin on the date that is the earliest of (i) six months after the borrower graduates or six months after the borrower ceases to be enrolled at least half time at an eligible school; or (ii) 60 months after the loan’s disbursement for an undergraduate program or 48 months after the loan’s disbursement for a graduate program.
  5. If you have multiple loans with us and choose to make fixed $25 monthly payments during the in-school and grace periods for such loans, only one $25 payment will be required each month.
  6. The minimum monthly payment during the In-School Period is $25.00. The minimum monthly payment during the full Repayment Period is $50.00 or the unpaid balance of your loan, whichever is less.
  7. If you have multiple loans with us and choose to make interest only monthly payments during the in-school and grace periods for such loans, you are responsible for paying the interest on the outstanding balance for each loan, subject to a monthly minimum of $25.

4.99% – 12.84%

3.16% – 9.48%

10 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.99% – 12.84%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.16% – 9.48%

Terms
10 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure

5.00% – 11.00%

3.00% – 9.00%

Not specified

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.00% – 11.00%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.00% – 9.00%

Terms
Not specified

Fees
Not Available

Offers
Autopay discount (0.25%) and Multi-year option

Graduate Student Loan Rating

Unlike federal student aid, which comes from the government, you can get a private student loan from a bank, credit union or online lender. In some cases, you may be able to qualify for a lower interest rate if you borrow a student loan from the bank you already use.
Here is a list of the best bank lenders that offer student loans, based on costs, eligibility criteria, flexibility and customer service.

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure

3.39% – 11.98%

1.99% – 10.97%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.39% – 11.98%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
1.99% – 10.97%

Terms
15 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 12/01/2022 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner.  Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores. 

5.62% – 16.75%

5.72% – 14.98%

7, 10, 12, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.62% – 16.75%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.72% – 14.98%

Terms
7, 10, 12, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Reward of $525 per successful referral, and Graduation Reward (1%)

Graduate Student Loan Rating

Advertising Disclosure
×

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

(1)The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

Information advertised valid as of 2/23/2022. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

4.64% – 10.95%

Not Available

5, 10, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.64% – 10.95%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
Not Available

Terms
5, 10, 15 years

Fees
Late fees

Offers
Current customer discount (0.25%), Autopay discount (0.25%), and Cosigner release

Graduate Student Loan Rating

Savingforcollege.com has developed a methodology for ranking private student loans based on a set of objective criteria. Here are the top 10 best private student loans for graduate school:

Lender

Fixed APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Variable APR
i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.

Repayment Terms

Advertising Disclosure

3.39% – 11.98%

1.99% – 10.97%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.39% – 11.98%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
1.99% – 10.97%

Terms
15 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure

4.50% – 13.50%

3.69% – 12.13%

5 years, 10 years, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.50% – 13.50%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.69% – 12.13%

Terms
5 years, 10 years, 15 years

Fees
No fees

Offers
Current customer discount (0.125%), Autopay discount (0.25%), and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Ascent Student Loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 12/01/2022 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner.  Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores. 

5.62% – 16.75%

5.72% – 14.98%

7, 10, 12, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.62% – 16.75%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.72% – 14.98%

Terms
7, 10, 12, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Reward of $525 per successful referral, and Graduation Reward (1%)

Graduate Student Loan Rating

Advertising Disclosure
×

Lowest rates shown include the auto debit discount. Advertised APRs for Graduate School Loan assume a $10,000 loan with a 2-year in-school period. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment.

3 Repayment options: Deferred repayment; $25 Fixed repayment; Interest repayment; Example of a typical transaction for a $10,000 Graduate School Loan with the most common fixed rate, Fixed Repayment Option, and two disbursements. For borrowers with a 27-month in-school and separation period, it works out to 14.30% fixed APR, 27 payments of $25.00, 178 payments of $172.22 and one payment of $115.59, for a total loan cost of $31,445.75. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 15 years. 

Only the borrower may apply for cosigner release. To do so, they must first meet the age of majority in their state and provide proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if their status has changed since they applied). In the last 12 months, the borrower can’t have been past due on any loans serviced by Sallie Mae for 30 or more days or enrolled in any hardship forbearances or modified repayment programs. In addition, the borrower must have paid ahed or made 12 on-time principal and interest payments on each loan requested for release. The loan can’t be past due when the cosigner release application is processed. The borrower must also demonstrate the ability to assume full responsibility of the loan(s) individually and pass a credit review when the cosigner release application is processed that demonstrates a satisfactory credit history including but not limited to no: bankruptcy, foreclosure, student loan(s) in default or 90-day delinquencies in the last 24 months. Requirements are subject to change. 

Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Sallie Mae reserves the right to apporve a lower loan amount than the school-certified amount.

Information advertised valid as of 11/25/2022.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Saving for College is not the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan customers.

©2022 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks if Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

5.25% – 14.48%

5.12% – 14.73%

15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.25% – 14.48%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
5.12% – 14.73%

Terms
15 years

Fees
Late fees

Offers
0.25 percentage point interest rate reduction with autopay and borrowers can apply for cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 4.24% APR to 13.03% APR (excludes 0.25% Auto Pay discount). Variable rates range from 3.83% APR to 12.53% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. Although the rate will vary after you are approved, it will never exceed 36% (the maximum allowable for this loan). Please note, Earnest Private Student Loans are not available in Nevada. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account. It is important to note that the 0.25% Auto Pay discount is not available while loan payments are deferred.

THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER.

4.19% – 12.78%

3.79% – 10.19%

Up to 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.19% – 12.78%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.79% – 10.19%

Terms
Up to 15 years

Fees
No fees

Offers
Autopay discount (0.25%), Customizable payment due date, and Option to Skip 1 payment every 12 months

Graduate Student Loan Rating

Advertising Disclosure
×

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

(1)The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

(2)This informational repayment example uses typical loan terms for a first year graduate student borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.10% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $141.66 while in the repayment period, for a total amount of payments of $16,699.21. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 11/15/2022. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

4.24% – 12.99% 1

3.99% – 12.99% 1

5, 8, 10, 15 years 2

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.24% – 12.99%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.99% – 12.99%

Terms
5, 8, 10, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Graduation reward ($150), and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

  1. Terms and conditions apply. Loan products, terms, and benefits displayed on this website may be modified or discontinued at any time without notice. Your rate will be determined after a review of your application and credit profile. You must be either a U.S. citizen or Permanent Resident in an eligible state and from an eligible school (enrolled on at least a half-time basis), and meet Navy Federal Credit Union’s credit and income requirements to qualify for a loan. Additionally, in order to receive a loan from Navy Federal Credit Union, you must be a member of Navy Federal Credit Union. If you are not a member of Navy Federal Credit Union, you must apply and become a member during the loan application process. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate. All private student loans from Navy Federal Credit Union must be certified by the applicant’s school, and Navy Federal Credit Union reserves the right to reduce the loan amount or withhold funding based on the school certification or in the event the school does not certify the loan, respectively.
  2. If you choose and receive a variable rate loan, your rate may change once a quarter. The variable rate is based on the average of a publicly available index, the 3-month LIBOR, as published in the Wall Street Journal on the first of each month for the last three months immediately preceding the quarterly adjustment date. If the first day of the month is not a business day, the preceding business day will be used. Your rate will be calculated each quarter by adding the 3-month LIBOR to a margin that is assigned to your loan upon loan approval. All loans are subject to an interest rate floor based on term: 10 year: 2.99% and an interest rate cap of 18.00%.
  3. If you enroll in automatic monthly payments from a personal checking or savings account to pay principal and interest amounts that are due, the rate will be reduced by 0.25%, subject to the floor rate. This rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments.
  4. The full Repayment Period will begin on the date that is the earliest of (i) six months after the borrower graduates or six months after the borrower ceases to be enrolled at least half time at an eligible school; or (ii) 60 months after the loan’s disbursement for an undergraduate program or 48 months after the loan’s disbursement for a graduate program.
  5. If you have multiple loans with us and choose to make fixed $25 monthly payments during the in-school and grace periods for such loans, only one $25 payment will be required each month.
  6. The minimum monthly payment during the In-School Period is $25.00. The minimum monthly payment during the full Repayment Period is $50.00 or the unpaid balance of your loan, whichever is less.
  7. If you have multiple loans with us and choose to make interest only monthly payments during the in-school and grace periods for such loans, you are responsible for paying the interest on the outstanding balance for each loan, subject to a monthly minimum of $25.

4.99% – 12.84%

3.16% – 9.48%

10 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.99% – 12.84%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.16% – 9.48%

Terms
10 years

Fees
Late fees

Offers
Autopay discount (0.25%) and Cosigner release

Graduate Student Loan Rating

Advertising Disclosure
×

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

(1)The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

Information advertised valid as of 2/23/2022. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

4.64% – 10.95%

Not Available

5, 10, 15 years

Fixed APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.64% – 10.95%

Var. APR

i
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While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
Not Available

Terms
5, 10, 15 years

Fees
Late fees

Offers
Current customer discount (0.25%), Autopay discount (0.25%), and Cosigner release

Graduate Student Loan Rating

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3.99% – 10.32%

4.36% – 10.24%

5 years, 10 years, 15 years

Fixed APR

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x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.99% – 10.32%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
4.36% – 10.24%

Terms
5 years, 10 years, 15 years

Fees
Late fees

Offers
Autopay discount (0.25%), Cosigner release, and One-time payment due date change

Graduate Student Loan Rating

Advertising Disclosure
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Annual Percentage Rate (APR) Calculations – The lowest APR is based on the following assumptions: a loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan and a repayment term of 60 months, monthly payments of $183.49 and a final payment $175.40, a fixed periodic interest rate of 4.10%, and total payments of $11,001.26. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period and a 0.50% Graduation benefit was applied 47 months into repayment. The highest APR is based on the following assumptions: a loan of $10,000 made in a single disbursement, a borrower who selected a Fully Deferred Repayment Plan and a repayment term of 180 months, monthly payments of $131.09, a fixed periodic interest rate of 8.20%, and total payments of $23,596.64. The borrower received an in-school deferment of 46 months and a grace period of 6 months. The borrower in this sample did not qualify for any interest rate discounts. These APRs are estimates and may differ from the actual rates received.

3.82% – 7.69%

Not Available

5, 10, 15 years

Fixed APR

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x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
3.82% – 7.69%

Var. APR

i
x
While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time.
Not Available

Terms
5, 10, 15 years

Fees
No Fees

Graduate Student Loan Rating

FAQs

How do I pay for graduate school?

First consider options for free money – scholarships, fellowships, grants, teaching and research assistantships, employer-paid tuition assistance, and more. If you need to borrow graduate student loans, first borrow federal loans. After borrowing the Federal Direct Stafford Loan and the Federal Grad PLUS Loan, if you still need funds for graduate school, consider private student loans. Keep costs as low as possible and borrow responsibly.

How do graduate student loans work?

Graduate student loans work similar to student loans for an undergraduate degree. Every dollar borrowed needs to be repaid, plus interest. All student loans, both federal and private, accrue interest. If you miss a student loan payment down the road, you will have negative consequences, including impacts on your credit.

What is the Grad PLUS loan?

Grad PLUS loan is a federal student loan specifically for students pursuing a graduate or professional degree. Unlike federal student loans for undergraduate students, you will need to undergo a modest credit check to be approved.

How do I apply for a Grad PLUS loan?

You can apply for a Grad PLUS loan online. Before applying, you must complete the Free Application for Federal Student Aid, or the FAFSA.

Why should I borrow the Federal Grad PLUS loan before private graduate loans?

Federal Grad PLUS loans offer several federal benefits that private loans do not. This includes potential loan forgiveness and the option to temporarily stop or lower payments on your loan. If you have excellent credit, however, you might be able to qualify for a lower interest rate on a private graduate loan.

What are the requirements for a private graduate student loan?

Each lender has different requirements for approval for graduate student loans. In general, you will need a good credit score, a solid credit history, attend an accredited school, and have a steady income and low debt-to-income ratio. A creditworthy cosigner may be required.

How much should I borrow to pay for my graduate school education?

You should keep your total student loan debt, including any outstanding undergraduate debt, in sync with your income after graduation. If your total student loan debt at graduation, including federal and private student loans, is no more than your annual starting salary, you should be able to afford to repay your student loans in ten years or less.

What is the difference between fixed and variable interest rates?

Fixed rates remain the same throughout the life of the loan. Variable interest rates can fluctuate. Borrowers may be persuaded to choose a variable interest rate because it is lower, but keep in mind, this interest rate may eventually grow beyond the current fixed rate option.

When do I have to start repaying graduate student loans?

Most private student loan lenders give borrowers the option to postpone payments until six months after you graduate or drop below half-time enrollment. After the six-month grace period is over, you will be required to make full payments.

Should I ask someone to cosign my student loan?

If you don’t qualify for graduate loan on your own, you can consider asking a friend or relative to cosign your loans. Cosigners should understand how it works and the potential risks. Cosigners are equally responsible for repaying the debt just like the student borrower. Being a cosigner affects your credit and will increase your debt-to-income ratio. This could make it more difficult to get approved for other loans, such as credit cards, auto loans and home mortgages.

How do I choose a lender for a graduate student loan?

Shop around to compare interest rates offered, the terms of the loan, the requirements for approval, repayment options and reviews. You may also want to consider, if there is a cosigner release option and what the deferment options are.

Important Disclaimers

Savingforcollege.com provides our readers with free access to objective information, articles and tools to help them make informed decisions about saving and paying for education. We are able to do this because we are compensated by our partners, including some private student lenders. Some, though not all, of the products featured here are offered by partners who may pay us a sales commission. Our partnerships do not influence our ratings or reviews, which are based on in-depth research and objective methodologies, though they may influence which products we write about and where those products appear on our site. Our opinions are our own.

While Savingforcollege.com strives to keep our information up to date, the lender rates, terms and other information are subject to change at any time.

Exhaust all other resources, such as scholarships and grants, before borrowing student loans. If you need to borrow loans, federal student loans offer many benefits that private student loans do not. Read the fine print and disclaimer from any potential lender and understand how student loans work before borrowing.

Savingforcollege.com is an independent publisher. We do not provide legal, financial, accounting or tax advice. The information and tools published on this website are general in nature and may not apply to your specific circumstances. You should seek specific guidance from a qualified legal, financial, accounting or tax professional.

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