Student Loan Companies Offering Loans and Refinance in 2024

Finding the right student loan can make a world of difference when it comes to managing college costs and repayment. At LendEDU, we’ve analyzed 725 data points from 25 lenders, focusing on interest rates, repayment plans, and customer experience to help you find the best fit.

Whether you’re borrowing for school or refinancing, our in-depth reviews of top student loan companies provide the clarity you need to make informed decisions. Dive into the list to find the best option for your unique financial needs.

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Our highest-rated lenders

Private student loans

Refinance loans

More about our highest-rated student loan companies

College Ave

Best Student Loans

5.0 _/5

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Private Student Loans

• Student loans for undergraduates, graduates, parents, and career training
• No minimum enrollment requirements
• Quick 3-minute online application
• Covers up to 100% of your cost of attendance
• Choose your repayment terms, including in-school repayment or deferred
• Multi-Year Peace of Mind® lets you get better approval odds for future loans
• Can apply for an additional 6-month grace period

• Can’t prequalify with a soft credit check
• Cosigner release isn’t available until at least halfway through repayment

Rates (APR)	3.87% – 17.99%1
Loan amounts	$1,000 – 100% of certified costs
Repayment terms	5, 8, 10, or 15 years

Refinance Student LoansView Rates

• You choose your repayment term
• Check your rate without affecting your credit score

• Cosigner release isn’t available until at least halfway through repayment

Rates (APR)	6.99% – 13.99%1
Loan amounts	$5,000 – $300,000
Repayment terms	5 – 20 years

Credible

Best Marketplace

4.6 _/5

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Private Student Loans

• Compare multiple lenders with one application in 3 minutes
• Student loans for undergraduate and graduate degrees
• Checking your prequalified rates doesn’t affect your credit score¹
• No fees to see your results

• Only shows rates from its partner lenders

Rates (APR)	4.07% – 16.70%
Loan amounts	$1,000 – 100% of certified costs
Repayment terms	5, 7, 8, 10, 12, 15, or 20 years

Refinance Student LoansView Rates

• Compare multiple lenders with one application in 2 minutes
• Student loans for undergraduate and graduate degrees are eligible
• Checking your prequalified rates doesn’t affect your credit score
• No fees to see your results

• Only shows rates from its partner lenders

Rates (APR)	5.28% – 12.41%
Loan amounts	$1,000 – 100% of outstanding balance
Repayment terms	5, 7, 10, or 15 years

Sallie Mae

Best for Cosigners

4.8 _/5

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Private Student Loans

• Student loans for undergraduates, graduates, and career training
• Lower interest rates when you choose an in-school repayment plan
• Cosigner release after 12 on-time principal and interest payments
• No prepayment penalties or origination fees
• No minimum enrollment requirements

• Doesn’t offer a soft credit check to check your eligibility
• The shortest repayment term is 10 years

Rates (APR)	4.50% – 16.70%
Loan amounts	$1,000 – 100% of certified costs
Repayment terms	10 – 15 years

Earnest

Best for No Fees

4.7 _/5

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Private Student Loans

• Loans for undergraduates, graduates, parents, and more
• Choose an in-school repayment plan or defer payments
• No fees, including late payment or origination fees
• 9-month grace period is longer than other lenders
• Skip one payment per year without penalty
• Check your eligibility in two minutes without impacting your credit score

• Doesn’t allow for cosigners to be released
• Must be enrolled at least half-time
• Not available in Nevada

Rates (APR)	4.11% – 16.20%
Loan amounts	$1,000 – 100% of certified costs
Repayment terms	5, 7, 10, 12, or 15 years

Refinance Student LoansView Rates

• Consolidate federal and private student loans
• Choose between biweekly and monthly payments
• Adjust your payment date if needed
• Make extra or early payments with no fees
• Skip one payment per year without penalty

• Cosigners must reside in the same state as the borrower
• Not available in Nevada

Rates (APR)	5.19% – 9.74%
Loan amounts	$5,000 – $500,000
Repayment terms	5 – 20 years
Min. credit score	665

SoFi

Best for Member Benefits

4.7 _/5

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Private Student Loans

• Student loans for undergraduates, graduates, and parents
• Cover the costs of fall, spring, and summer terms
• No origination, application, or prepayment fees
• Return borrowers are eligible for a 0.25% rate discount
• Check your rate without impacting your credit score

• High minimum loan amount

Fixed APR	4.19% – 14.83% w/ autopay
Variable APR	5.74% – 15.86% w/ autopay
Loan amounts	$1,000 – 100% of certified costs
Repayment terms	5, 7, 10, or 15 years

Refinance Student LoansView Rates

• Refinance your entire outstanding student loan balance
• Choose between five different repayment terms
• No origination, application, or prepayment fees
• Check your rate without impacting your credit score

• Cosigners can’t be released from the loan

Fixed APR	5.24% – 9.99% w/ autopay
Variable APR	6.24% – 9.99% w/ autopay
Loan amounts	$5,000 – total outstanding balance
Repayment terms	5, 7, 10, 15, or 20 years

ELFI

Best Student Loan Advisors

4.5 _/5

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Private Student Loans

• Student loans for undergraduates, graduates, and parents
• Choose between in-school repayment and deferred payments
• Speak with a dedicated student loan advisor
• Check your rates without impacting your credit score

• Must be enrolled at least half-time
• Doesn’t disclose how long it’ll take before a cosigner can be released

Rates (APR)	3.98% – 14.22%
Loan amounts	$1,000 – 100% of certified costs
Repayment terms	5 – 15 years
Min. credit score	680

Refinance Student LoansView Rates

• Refinancing solutions for students and parents
• Speak with a dedicated student loan advisor
• Check your rate without affecting your credit score

• Must have earned a bachelor’s degree or higher
• High minimum loan amount compared to other lenders
• Cosigners can’t be released from the loan

Rates (APR)	5.28% – 8.99%
Loan amounts	$10,000 – 100% of outstanding balance
Repayment terms	5, 7, 10, 15, or 20 years
Min. credit score	680

Here’s our full list of student loan companies:

A

• Aidvantage (federal loan servicer)
• A.M. Money (no-cosigner student loans)
• American Education Services (AES) (federal loan servicer)
• Ascent (private student loans)
• Aspire (student loan servicer)

B

• Bank of North Dakota (student loans for North Dakota residents)
• Boeing Employees Credit Union (BECU) (private student loans and refinancing)

C

• Citizens Bank (private student loans and refinancing)
• Climb Credit (trade school and boot camp loan lender)
• Cognition Financial Custom Choice (private student loan lender)
• College Ave (private student loans and refinancing)
• College Finance (private student loans)
• Credible (private student loan and refinancing marketplace)
• Credit Union Student Choice (credit union student loan marketplace)

E

• Earnest (private student loans and refinancing)
• EdFinancial (federal loan servicer)
• Edly (private student loans with income-based repayment)
• ELFI (private student loans and refinancing)

F

• Firstmark (loan servicer)
• Funding University (no-cosigner private student loans)

H

• Heartland ECSI (loan servicer)

L

• Laurel Road (student loan refinancing)
• LendKey (private student loan and refinancing marketplace)

M

• Massachusetts Educational Financing Authority (MEFA) (private student loans and refinancing)
• MOHELA (federal loan servicer)
• MPOWER (private student loans and refinancing for international students)

N

• NaviRefi (student loan refinancing)
• Navy Federal Credit Union (private student loans and refinancing)
• Nelnet (private student loans and refinancing)
• NJCLASS (private student loans)

O

• Oklahoma Student Loan Authority (OSLA) (federal loan servicer)

P

• PNC (private student loans and refinancing)
• Prodigy Finance (private loans for international graduate students studying abroad)
• Purefy (private student loans and refinancing)

S

• Sallie Mae (private student loans)
• SELF Refi (student loan refinancing; not accepting new applications until early 2025)
• SoFi (private student loans and refinancing)
• Sparrow (private student loan marketplace)
• Splash Financial (private student loan refinancing)

U

• Union Federal (private student loans)

Additional resources

To learn more about student loans and best practices, check out the following resources:

• How student loans work
• Student loan repayment options
• Federal student loans
• Best private student loans
• Best student loan refinance companies