LendKey

LendKey is an additional great lender that makes it list because they enjoys great rates on the college loans and have now a new business model which enables them to take action. LendKey’s fund try financed of the credit unions and you can people banking institutions – very you’re getting an effective mortgage, but it’s handled from the LendKey’s on the web solution.

LendKey does not have any just as much independence to possess borrowers throughout university. You are able to attention-only money otherwise fixes $twenty five four weeks costs while in school (which is still fairly lower not equally as easy because complete deferment). LendKey in addition to does not give financing to help you parents in person.

LendKey doesn’t have origination fees, app charge, and you will doesn’t fees a beneficial prepayment punishment if you spend the money for financing regarding very early.

Sallie Mae

Sallie Mae is probably perhaps one of the most well-understood loan providers on this subject checklist.