Federal student loans don’t always cover your full education costs. That’s where private student loans come in—offered by banks and credit unions with varying rates and terms.
Top Lenders in 2025:
- Sallie Mae – Flexible repayment, cosigner release available.
- SoFi – Competitive interest rates, no fees.
- Discover Student Loans – Cash rewards for good grades.
What to Consider:
- Fixed vs variable rates.
- Deferment options during school.
- Cosigner policies and release terms.
Always exhaust federal loans first (lower interest, more forgiveness options) and shop around for best private loan rates using marketplaces like Credible or LendEDU.