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Citizens Bank Private Student Loan Disclosures

August 09, 2021

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Variable Rate, Fixed Rate, and Lowest Rate Disclosure

  • Variable Rate Disclosure: Variable Rates are based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2021, the one-month LIBOR rate is 0.09%. Variable interest rates will fluctuate over the term of the loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree and presence of a co-signer. The maximum variable rate is the greater of 21.00% or Prime Rate plus 9.00%. 
  • Fixed Rate Disclosure: Fixed rate ranges are based on applicable terms, level of degree, and presence of a co-signer.
  • Lowest Rate Disclosure: Lowest rates require a 5-year repayment term, immediate repayment, a graduate or medical degree (where applicable), and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Rates are subject to additional terms and conditions, and are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

Citizens Bank & Citizens One Student Loans: Overall Rate Disclosure

  • Student Loan Rate Disclosure: Variable interest rates range from 1.03% – 11.01% (1.03% – 10.41% APR). Fixed interest rates range from 3.49% – 11.70% (3.49% – 10.95% APR)

Citizens Bank & Citizens One Student Loans: Overall Post-Bachelor’s Rate Disclosure

  • Student Loan Rate Disclosure: Variable interest rates range from 1.89% – 10.66% (1.89% – 10.41% APR). Fixed interest rates range from 4.18% – 11.23% (4.18% – 10.95% APR).

Citizens Bank & Citizens One Student Loans: Rate Disclosures

  • Undergraduate Rate Disclosure: Variable interest rates range from 1.03% – 11.01% (1.03% – 10.24% APR). Fixed interest rates range from 3.49% – 11.70% (3.49% – 10.83% APR).
  • Graduate Rate Disclosure: Variable interest rates range from 1.89% – 10.66% (1.89% – 10.41% APR). Fixed interest rates range from 4.64% – 11.23% (4.64% – 10.95% APR).
  • Business/Law Rate Disclosure: Variable interest rates range from 1.89% – 9.22% (1.89% – 8.50% APR). Fixed interest rates range from 4.24% – 9.74% (4.24% – 9.02% APR).
  • Medical/Dental Rate Disclosure: Variable interest rates range from 1.89% – 8.02% (1.89% – 7.72% APR). Fixed interest rates range from 4.18% – 8.54% (4.18% – 8.24% APR).

Citizens Bank & Citizens One Parent Loans: Overall Rate Disclosure

  • Parent Loan Rate Disclosure: Variable interest rates range from 1.97% – 7.06% (1.97% – 7.06% APR). Fixed interest rates range from 4.55% – 7.58% (4.55% – 7.58% APR).

Citizens Bank & Citizens One Student Loan for Bar Study: Rate Disclosure

  • Bar Study Rate Disclosure: Variable interest rates range from 4.44% – 9.58% (4.44% – 9.52% APR). Fixed interest rates range from 7.39% – 12.94% (7.40% – 12.82% APR).

Citizens Bank & Citizens One Student Loans for Medical Residency: Rate Disclosure

  • Medical Residency Rate Disclosure: Variable interest rates range from 3.53% – 7.03% (3.53% – 6.75% APR). Fixed interest rates range from 6.99% – 10.49% (6.97% – 10.08% APR).