Top 15 Best Student Loan Companies In the U.S

by World's Top Insider

We choose the Best Loan Companies by considering factors such as affordability, the qualifying requirements for borrowers, and customer service. Those individuals with the most significant scores are regarded as the most OK companies.

One thing is clear, regardless of whether you want to attend a traditional college or participate in distance learning on the internet: You will need the means to pay for it. Even though federal student loans are often the most cost-effective option to borrow money, it’s possible that they won’t be enough to pay all of the expenses associated with your college education.

The difference between the money you need for education and the amount you can afford to pay toward those expenditures may be covered by private student loans, scholarships, or participation in a work-study program. Here are the best Student loan companies you can find in the U.S.


Table of Contents

15. Funding U

Funding U was founded on the principle that all academically promising students, regardless of their families’ financial standing, should have access to the financial support they need to finish college and begin successful professional careers.

Banks exclude young customers because they need a cosigner and/or proof of income, which is difficult for people who grew up in low- or middle-income homes.

We founded Funding U to provide students with a loan based on hard work, perseverance, and attention, not a cosigner’s income or credit score. Everyone should avoid student debt.

However, we choose to give a solution in a world where college fees are high, financial help is scarce, federal loans have low borrowing limits, and banks refuse to lend to borrowers without a cosigner.

We appreciate technology, cherish human honesty, and seek feedback. But most of all, we understand the privilege of assisting our borrowers as they pursue their educational and career aspirations.

There is a wide variety of government and private student loan options available. We compared several student loan providers and settled on one that met our needs in terms of interest rates, loan alternatives, consolidation possibilities, and ease of application.

Applying for a student loan online allows you to fill out a form with your own and your parent’s (if relevant) financial information.

Requirements for getting a student loan might range from having a specific credit score to having a certain amount of money. You’ll likely need many loans if you want to pay for college without debt. If you need assistance navigating the financial aid process, a guidance counsellor at your high school or the institution you wish to attend should be able to assist you.

14.  Earnest


Earnest, located in San Francisco, California, is a fintech lender that uses technology to provide various options for funding higher education. Each applicant’s credit score (also called a FICO score) is only one piece of the puzzle that the firm uses to determine whether or not to extend a job offer.

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Earnest is a company that provides private and refinanced student loans with low-interest rates, no origination costs, and a more extended grace period than the industry standard.

13.  Education Loan Finance


In 2015, Southeast Bank in Tennessee established a new division, Education Loan Finance (ELFI), to help borrowers with student loan refinancing and new private student loan applications for undergraduate, graduate, and parent students.

They believe it is time to end the current situation. When it comes to personal education loans and refinancing, there are no surprises, hidden costs, and no one-size-fits-all solutions.

Why? We simply expect big things from you in the future and want to equip you to fulfil those expectations.

12.  Custom Choice

Think about a loan that may be customized to your particular requirements, both now and in the future. This is the power of the Custom Option. There are zero costs for the student or cosigner, including no interest charges or penalties for early or late payments.

You may now prequalify1 to see your rate in minutes without affecting your credit and quickly compare your alternatives before making a final decision.

They have implemented a new function that checks your income and employment status to save you time. This implies that specific candidates can bypass a required stage, which will speed up the procedure. Reduced need for time, effort, and documentation. More good reasons to go with Custom Option.

11.  Discover

Students are strongly urged by Discover Student Loans to make the most of available public and private grants, scholarships, and other forms of financial help before considering taking out private loans.

We recommend that students looking for student loans do some research on both government and personal loan options. To prevent students from taking on too much debt, the institution verifies and disburses all loan amounts for undergraduates, graduates, and parents.

Students at qualified four-year and postgraduate institutions around the country may apply for a loan from us to pay all or part of their out-of-pocket expenses. There are total loan limitations to consider. Our services extend to private consolidation loans and postgraduate loans for students in the legal and medical fields.

10.  Purefy

Purefy is a website that allows users to compare different refinancing rates for student loans. In addition, the company works with Pentagon Federal Credit Union to originate refinanced student and parent loans.

Purefy was established in 2014. Purefy provides a comparison tool for interest rates and terms offered by its lending partners, such as Earnest, ISL Education Lending, and College Ave.

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The loan refinancing alternatives that Purefy and PenFed together provide will be the primary focus of this analysis of lenders.

9.  Credible

Credible is a marketplace for loan comparisons that enables prospective borrowers to shop around for loans that match their requirements.

These loans may include mortgages, home refinancing, student loans, and personal loans. Credible also offers mortgage insurance.

The firm was established in 2013 in the city of San Francisco to provide borrowers with the ability to compare rates and goods.

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8.   PNC

PNC provides students in all 50 states with access to various educational financing options, including refinancing and professional training loans, for use in the form of student loans.

Additionally, the financial institution is involved in multiple community initiatives, such as PNC Grow Up Great and the financial literacy program, which assists early childhood education.

PNC is giving undergraduate students who meet specific requirements the chance to win one of two scholarships worth $2,000 each to use toward their school costs.

7.   Citizens

Late in the nineteenth century, the state of Rhode Island saw the establishment of Citizens Bank. Today, it is recognized as one of the most important commercial banks in the United States.

The areas of New England, the middle Atlantic, and the Midwest are home to the majority of the company’s branches. No up-front costs are associated with the Citizens Student Loan, including application, origination, or disbursement fees.

Paying more than the required minimum each month or paying off the whole loan balance ahead of schedule does not incur a prepayment penalty or any other kind of penalty under any circumstances.

6.   Lend Key

Lend Key is an online network that brings together borrowers, credit unions, and community banks to provide private education loans and refinancing loans.

More than 135,000 consumers have benefited from Lend Key’s loan financing services since the company was founded in 2009. Undergraduate and graduate students may qualify for loans from this firm with either a fixed or variable interest rate.

5.   Ascent

Ascent Funding is an online lender that provides undergraduate and graduate student loans to students at more than 2,200 qualified institutions throughout the United States, regardless of whether or not they have a co-signer.

Students who are neither citizens of the United States nor permanent residents of the country, as well as students who have the status of Deferred Action for Childhood Arrivals (often known as “Dreamers”), are eligible to apply for an Ascent loan. Ascent Funding is a privately held company that began operations in 2015 and is headquartered in San Diego.

4.  SoFi

SoFi is an online lending platform established in 2011 by Stanford Business School students. The San Francisco-based company’s primary emphasis had been on student loan refinancing before it expanded into the private student loan market in 2019.

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You can choose interest-free student loans for any level of education, including undergraduate, graduate, law or MBA, health profession, or parent.

3.   Earnest

Earnest is an online lender that provides private student loans to undergraduate and graduate students and student loan refinancing options.

Earnest serves students at all academic levels. 2013 marked the beginning of operations for the firm. Borrowers can customize the terms of their loans to finance up to the total cost of their education.

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2.   College Ave

Loans for students are all that College Ave. has to offer. College Ave is a student loan provider established in 2014 and has its headquarters in Wilmington, Delaware.

It provides undergraduate, graduate, and parent loans to students enrolled at institutions linked with College Ave in all 50 states and the District of Columbia.

The benefit of working with College Ave is that applications require a few minutes, and decisions are made immediately after they are submitted.

1.   Sallie Mae

Private student loans from Sallie Mae may be used for various educational purposes, including paying for undergraduate, graduate, and professional degrees. Sallie Mae is a consumer bank that is listed on public markets.

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In 1972, the United States Congress established Sallie Mae as a government-sponsored organization to handle the servicing of student loans. The financial institution became a private lender in 2004, and it now offers a variety of options for student loans.

In addition, Sallie Mae Bank provides savings products and other tools to assist families in planning and paying for education.

These resources include a credit card that helps you earn extra cashback to assist you in paying off any student loans you may have.

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