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Student Loans

Credible Student Loans Review

Updated Aug 04, 2023   |   2-min read

  • Compare rates from up to 8 lenders with one application
  • Checking your rates won’t impact your credit score
  • No costs to use the service

Credible is an online marketplace that allows you to compare rates and terms on student loans. The company offers marketplaces for other financial products too.

Read this guide to learn more about what Credible offers and the pros and cons of using the service.

What does Credible do?

Credible is a loan comparison website for financial products, including student loans, mortgages, personal loans, and credit cards. Once you’ve found an offer you like, Credible will connect you to the lender site, where you can fill out the full application for financing. 

Credible does not underwrite or service loan products or offer credit cards directly. The marketplace simply helps you compare rates and terms for these products.

How Credible helps you find a student loan

More than 2,200 schools accept Credible partners’ student loans, and borrowers can find financing options for four-year colleges and universities, graduate programs, and professional degrees.

All lenders shown in Credible’s comparison tool partner with the company. If a lender doesn’t work with Credible, you won’t see an offer from that company.

>> Read More: List of student loan companies

Private student loans

Credible allows borrowers to shop for student loan options from private student loan lenders. You can use these loans to pay for education-related costs that are not covered by federal student loans, including tuition, housing, food, books, and more. 

To be eligible for most loans, you’ll need to be enrolled at least part-time in an educational program. International students may be eligible, as long as they have a U.S. address and a cosigner who’s a U.S. citizen or permanent resident. 

Private student loan rates and terms vary depending on your financial need, credit history, your school’s cost of attendance, and whether you have a cosigner. Some lenders offer deferred and interest-only payment options, as well as both fixed- and variable-rate loans.

Student loan refinancing

Borrowers can also find options for refinancing student loans through Credible. Refinancing can lead to lower interest rates, lower monthly payments, or a different repayment period.

Credible can help you find refinancing quotes for both federal loans and private student loans. 

Comparison is important

Whether you’re searching for a student loan, looking to refinance an existing loan, or on the hunt for a low-interest credit card, shopping around is critical. Rates and terms can vary greatly by lender.

Using Credible or another comparison tool can help you find the best rate out there. Also consider customer reviews and testimonials, especially if quality service is important to you.