Popular private banks that offer student loans
Getting a college education can be expensive not everyone can afford it. This is where taking a student loan can help you out. But before you consider taking out a student loan it is important to know how they work. Always try to minimize your loan amount as student loan debt is a burden that you will carry for a long time if you act too hastily and borrow more than you can pay off.
You can borrow from any lender that you want. However, you need to see if you can borrow through loans offered by the Government programs as they are typically the best.
If you still need more after you have borrowed everything you can using Government loans, you can then turn to private lenders. Here is a list of the top-rated private banks that offer student loans:
- Sun Trust Bank: SunTrust’s custom choice loan has the lowest possible APR on both variable and fixed rate private student loans. Their variable APR range lies between 3.37-10.43% and their fixed APR ranges between 4.75-11.50% APR. You also have the option of choosing from a 7, 10 or 15 year term and fully defer your payments until after you graduate. They do not charge an application fee and you can easily apply for the loan online.
Disclaimer:
The content provided on our blog site traverses numerous categories, offering readers valuable and practical information. Readers can use the editorial team’s research and data to gain more insights into their topics of interest. However, they are requested not to treat the articles as conclusive. The website team cannot be held responsible for differences in data or inaccuracies found across other platforms. Please also note that the site might also miss out on various schemes and offers available that the readers may find more beneficial than the ones we cover.
