Best Private Student Loans Of November 2022


Share post:

How Do Student Loans Work? – Forbes Advisor

Private student loans are best used to pay college costs after you’ve borrowed the maximum you qualify for in both subsidized and unsubsidized federal student loans.

Private student loans come from banks, credit unions and online lenders, and unlike federal student loans for undergraduates, they require a credit check. That means most undergrads will need a co-signer in order to qualify. Private student loans also are more expensive than federal loans—especially now that federal loan rates are at historic lows—and typically don’t offer the flexible repayment options their federal counterparts do.

That’s why there is no five-star lender on our list of private student loans: In the vast majority of cases, the best college financing option is a federal student loan.

Annual percentage rates (APRs) and account details are accurate of Nov. 1, 2022.

Best Student Loan Ratings


Rhode Island Student Loan Authority 4.5
N/A  4.99% to 6.94% View More

Ascent 4.5
3.39% to 11.89%*
(Undergraduate co-signed credit-based)
4.12% to 14.81%*
(Undergraduate co-signed credit-based)
View More

SoFi 4.0
4-removebg-preview-2 (1) 
3.75% to 12.13% 3.99% to 13.50% View More

A.M. Money 4.0
4-removebg-preview-2 (1) 
N/A  7.53% to 8.85% View More

College Ave 3.5
2.99% to 14.86% 3.99% to 14.96% View More

Funding U 3.5
N/A  7.49% to 12.99% View More

Discover 3.5

4.49% to 14.09%

5.49% to 13.99%

View More

PNC Bank 3.5
3.89% to 11.09%
(including 0.50% discount for automatic payments)
3.49% to 11.29%
(including 0.50% discount for automatic payments)
View More

Citizens Bank 3.0
4.74% to 12.06% 3.75% to 11.21% View More

Related articles

Accra: Kantamanto market On Fire!

Parts of the Kantamanto market in Accra have been destroyed by fire. The incident on Tuesday morning destroyed many...

Tips for Comparing Online Mortgage Lenders

Comparing online lenders is not much different than comparing brick-and-mortar banks or credit unions. Mortgage borrowers should choose a...

Safety Tips And Warning Signs For Older Drivers

How does age affect driving? For many of us, driving is a major aspect of maintaining our independence as...

The Different Types Learning Disorders And Their Signs

What are learning disabilities? Learning disabilities or learning disorders are umbrella terms for a wide variety of learning problems....