Top Private Student Loan Options for Borrowers Without a Cosigner
Student loans are often necessary to help cover the cost of higher education. However, many students struggle to find a cosigner when applying for private student loans. If you are in this situation, there are still options available to you. Here are some of the top private student loan options for borrowers without a cosigner:
1. Ascent Student Loans
Ascent offers private student loans for borrowers without a cosigner. They consider factors beyond just credit score, such as academic progress and future earning potential. Ascent also offers flexible repayment options, including in-school deferment or interest-only payments. They have a cosigner release option after 24 months of on-time payments.
Features:
- No cosigner required
- Flexible repayment options
- Consideration of academic progress and future earning potential
2. LendKey
LendKey is a platform that connects borrowers with community lenders who offer student loans without a cosigner. They offer competitive interest rates and flexible repayment options. LendKey also offers cosigner release options after a certain number of on-time payments.
Features:
- No cosigner required
- Competitive interest rates
- Flexible repayment options
3. Sallie Mae
Sallie Mae offers private student loans without a cosigner for undergraduate and graduate students. They offer both fixed and variable interest rate options. Sallie Mae also offers discounts for autopay and for students who make payments while in school.
Features:
- No cosigner required
- Fixed and variable interest rate options
- Discounts for autopay and in-school payments
4. Ascent Tuition
Ascent Tuition offers private student loans without a cosigner for undergraduate and graduate students. They offer flexible repayment options and interest rate discounts for autopay. Ascent also offers a cosigner release option after 24 months of on-time payments.
Features:
- No cosigner required
- Flexible repayment options
- Interest rate discounts for autopay
5. Citizens Bank
Citizens Bank offers private student loans without a cosigner for undergraduate and graduate students. They offer competitive interest rates and flexible repayment options. Citizens Bank also offers discounts for autopay and loyalty to existing customers.
Features:
- No cosigner required
- Competitive interest rates
- Discounts for autopay and loyalty
Overall, there are several private student loan options available for borrowers without a cosigner. It is important to research each option thoroughly and compare interest rates, repayment terms, and benefits before making a decision. With careful consideration and financial planning, you can still fund your education without a cosigner.
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