Best Student Loan Options for 2024

Here's a curated list of top student loans available this year:

Citizens Bank: This bank offers student loans with no origination or application fees, and no penalties for early repayment. Students with existing Citizens Bank accounts may enjoy lower interest rates. Loans are suitable for both undergraduate and graduate students, with repayment terms of 5, 10, or 15 years. Loan amounts range from $1,000 up to $295,000, depending on the degree pursued.

CommonBond: Offering a 2% origination fee and no charges for applications or early repayment, CommonBond allows students facing financial hardships to request forbearance. Loan options include fixed or variable rates, with borrowing limits of $1,000 to $150,000. Repayment periods are set at 5, 10, or 15 years, suitable for students at various academic levels.

Connext: Loans are managed by Connext, with funding supplied by multiple lenders. They waive origination, application, and early repayment fees. Loan amounts vary from $2,000 to $150,000, with repayment terms of 10 or 15 years.

College Ave: This provider offers both student and parent loans. Automatic payments can reduce interest rates. Repayment options include 8, 10, 12, or 15 years. Students can choose to make full, interest-only, or deferred payments during school, while parent loans have repayment periods of 5 or 12 years.

LendKey: Partnering with community banks, LendKey offers student loans with interest rates reduced when borrowers select their repayment period or set up automatic payments. Loan terms extend up to 10 years.