How to Get Low Student Loan Interest Rates

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Subject: How to Get Low Student Loan Interest Rates

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Lending an Ear

A weekly guide to financing college.

July 14, 2024

Not All Student Loans are Created Equal

Student loan interest rates can vary by as much as 5% between lenders. Learn how to shop around for loans to be sure you're getting the lowest interest rate possible HERE.

Answers to Your Top 5 Questions About Student Loans

Taking on student loan debt is a major decision and families should know what they're signing up for before borrowing. We've got answers to the most commonly asked questions HERE.

Follow These Steps to Find the Best Student Loan Rate

Always make sure your student is maxing out Federal Direct Student Loans before borrowing private loans.
Apply to at least 3 lenders to compare rates. Choose from our recommended lenders below.
Create a free account with Juno, a partner who negotiates interest rates with lenders.
Use Juno to see if they can offer a loan, from their lender, with a better rate than your best private loan offer from step 3.
Compare your best rate with the Parent Plus Loan (PPL) interest rate. The adjusted PPL interest rate to compare against is 10%. This includes the origination fee.

Our Private Lenders Suggestions

(Variable APRs as of 7/1/2024)

➡️ College Ave 5.59% - 17.99%*

➡️ Sallie Mae 5.37% - 15.70%*

➡️ SoFi 5.74% - 15.86%*

➡️ Ascent (Cosigned) 5.99% - 15.85%*

➡️ Citizens (through Credible) 5.99% - 16.60%*

*Rates are based on automatic payment discounts of 0.25 percentage points.

We're Here to Help You!

📊 Download our FREE Student Loan Comparison Spreadsheet.

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💰 Compare your student's college offers to what other student's have received with our FREE Compare College Offers tool.

🎓 Protect your college investment with GradGuard tuition and renters insurance.

💻 Join our free PFC101 Facebook group and connect with other parents on the paying for college journey.

✅ Check out Harlan Cohen's BEST FIRST YEAR College Coaching Program for Students and Parents. Be prepared for ALL the changes ahead! Get $30 off with code R2C30off.

🎁 Save 10% off diploma frames and treat your student to a graduation gift with DiplomaFrame. Use coupon code ROAD2COLLEGE for your discount.

Got Questions About Paying for College?

We're Lending an Ear and Answering!

Question: Are there any loan options for our daughter if we can't co-sign a loan as the parent?

Answer: There are some private lenders who offer non-cosigned loans for students, but typically not until their junior & senior years of college. Students can have other people co-sign that are not the parents. Grandparents, aunts, uncles, and even close family friends who have the credit can be a cosigner on a private student loan.

Submit your questions here, then check back each week as we highlight the most pressing questions and share our advice.

Our R2C Content Team is dedicated to helping families navigate the

ever-changing world of college admissions and financing.

Lending an Ear is written & edited by Becca Blauch.

Disclaimer: The information provided in this email is for general informational purposes only. Road2College is not a financial advisor or planning service, and as such, cannot be held responsible for any direct or indirect circumstances. Please consult a licensed financial professional before making any financial decisions. Road2College may receive compensation from products and links featured in this email. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding.

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Subject: How to Get Low Student Loan Interest Rates