Updated: August 9, 2023

Citizens One Graduate Student Loan Review

Graduate School Loans

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Student Loan Rating
4.5 of 5
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% - 11.42%
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.
6.03% - 12.78%
Repayment Terms
5, 10, 15 years
Important Information

Rewards: Auto-debit Discount, Current Customer Discount, and Multi-Year Option

Yearly Loan Limits: Covers up to 100% of your Cost of Attendance

Overall Loan Limits: $1,000 (minimum), $350,000 (aggregate for graduate students)

Cosigner Terms: Cosigner is optional, offers Cosigner Release after 36 on-time monthly payments

The bottom line:

Citizens Bank’s private student loans are among the most flexible when it comes to satisfying credit requirements, and they even offer a multi-year option (saving you the hassle of re-applying). Their rates are not the lowest you’ll find in the market, but they do offer a current customer discount.


  • Can borrow up to the full cost of attendance
  • Provides a multi-year borrowing approval option
  • Provides an auto-debit discount and a current customer discount


  • They charge a fee on late payments
  • You’ll be subject to a hard credit inquiry just to check rates
  • Their interest rates are slightly better than average, but not the lowest
Citizens Bank College Ave Earnest
Rates from (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% - 11.42%
6.03% - 12.78%
4.49% - 14.49% 1
5.59% - 14.49% 1
4.42% - 14.30%
5.89% - 15.97%
Loan repayment terms (Years) 5, 10, 15 years 5, 8, 10, 15 years Up to 15 years
Cosigner release? Yes, after 36 months on-time principal and interest payments Yes, after 24 months on-time principal and interest payments None

Being from a big bank, Citizens Bank’s student loans might seem inflexible. Citzens One graduate student loans break that mold. Beyond having decent customer service, their terms for qualifying for graduate loans are among the least stringent you’ll find. They also offer a multi-year option, meaning you won’t have to re-apply for financing after every year of study. And if you’re a current Citizens Bank customer, enjoy a 0.25% discount on your rate!

If you’re worried about being limited to a certain borrowing limit every year, Citizens One actually allows you to borrow up to the full cost of attendance. Note, you are limited to $350,000 in aggregate loans as a graduate student. Some of you may also be curious about cosigners. They’re optional with Citizens One graduate student loans, and, if you do end up having one, you’ll be able to apply for cosigner release after 36 months of on-time payments.

On the flip side, their rates are somewhat higher-than-average, meaning you’ll find a lower cost loan elsewhere. And even though they don’t charge application, origination and guarantee fees, they will charge you a fee on late payments. Lastly, while other lenders will only perform a soft pull on your credit for checking their rates, Citizens One will perform a hard credit inquiry from the start.

Citizens Bank - Private Student Loan Details

Interest Rates, Fees and Terms
  • Credit Check: Soft for Rate Check, Hard for Application
  • Repayment Terms: 5, 10, 15 years
  • Minimum Borrowing Limit: $1,000
  • Yearly Borrowing Limit: 100% of Cost of Attendance
  • Aggregate Borrowing Limit: $350,000
  • Application Fee: None
  • Origination Fee: None
  • Prepayment Penalty: None
  • Late Fee: Yes
Requirements to Qualify
  • Minimum Credit Score: Not specified by lender
  • Minimum Annual Income: $12,000
  • Citizenship Restriction: Available to Citizens, Permanent Residents, and International Students with a credit-worthy Citizen or Permanent Resident cosigner
  • Minimum Enrollment Restriction: Half-Time
  • List of States where Loan is Not Available: None
  • Approved Schools Include: All
Repayment Options
  • Immediate Principal and Interest Repayment: Yes
  • Fixed Monthly Repayment: None
  • Interest-Only Repayment: Yes
  • Full Deferment: Yes
Repayment Details
  • Length of Grace Period: 6 months
  • Maximum Deferment Period: Not specified by lender
  • Maximum Forbearance Period: 12 months
  • Cosigner Release Option: Yes, after 36 months on-time principal and interest payments
  • Death Discharge: Yes
  • Disability Discharge: Yes
Customer Service
  • US-Based Call Center: Yes
  • Hours of Operation (in addition to weekdays): Not specified by lender
  • Application Timeline: 15 minutes to apply
  • Scholarship Search Tool: None
  • Sponsors a Scholarship: Yes
  • Job and Career Assistance: Yes
  • Financial Literacy Training: Yes
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