Finding the right bank to refinance and consolidate your student loans with is not easy!

This post is the result of extensive research into the available options and will compare the 9 most common online consolidation choices. These 9 companies are all the reputable private or federal student loan refinance and consolidation companies that accept online applications.

If I have missed any companies please let me know and I will add them to this massive comparison post. Or if any of the information gets out of date or is incorrect let me know and I will update it!

Don't want to read this MASSIVE resource?


Below I have summarized all the research I did to compare the best options to consolidate federal and private student loans.

This was a giant undertaking and I hope it helps you make a wise choice on the best company to consolidate with.​

Jon Haver
$30k Student Loans

Education Success 

30 months after graduation

25 years Longest Term

200,000 Refinance Limit

  • 4.99% Variable Rates
  • 7.99 Fixed Rates
  • Good credit history
  • Proof of employment

$12 / month

No credit card required.

SoFI

Best for recent grads with solid income

15 years Longest Term

No Refinance Limit

  • 2.17% Variable Rates
  • 3.5 Fixed Rates
  • Strong credit history
  • 90 days of employment proof

$12 / month

No credit card required.

CU Student Loans

Best for recent grads with solid income.

15 years Longest Term Rates

125,000 Refinance Limit

  • 3.75% Variable Rates
  • Fixed Rates - n/a
  • Good Credit History
  • $24,000 Annual Gross Income

$12 / month

No credit card required.

Best 3 Consolidation Companies for the majority of us…

If you hold an Advanced Degree and a Good Job…

Best company if you didn’t finish College…

Current Wells Fargo Customer:

If you have Bad Credit and No Cosignerconsolidating your student loans will be TOUGH!

Best option for those with bad credit and no co-signer?

Personal Loan

Large marketplace for personal loans where you can find the most competitive ratesadipisicing elit, sed do

Student Loan Consolidator

Another source for multiple companies to compete for your consolidation loanere you can find the most competitive ratesadipisicing elit, sed do

TIP – Apply to both! (Personal&Consolidator)

Who can I consolidate my loans with if I never graduated?

If you are interested in the smallest monthly payments possible right now

Should you apply to more than 1 company to consolidate your student loans?

Yes, according to FICO all student loan applications made in the previous 30 days does not impact your credit score and having a group of applications on your credit history gets grouped to minimize impact.

There is no harm in applying to all.

Consolidation Company Comparison Table:

For detailed company reviews look below, but this table compares all 9 compmanies.

Company

Lowest Variable Rate

Lowest Fixed Rate

Longest Term

Pre Payment Allowed

Cosigner Release

Federal/Private

Refinance Limit

Eligbility

Best For

Apply

Education Success Loans

4.99

7.99

25 years

Yes

No

Federal & Private

200,000

30 months after graduation


Proof of employment


Good credit history


$24.000 Annual Gross Income

All around best option for majority of students who have been out of school for 30 months and want lowest monthly payment amortized over 25 years

Apply

CU Student Loans

3.75

n/a

15 years

No

12 Months

Federal & Private

125,000

$24,000 Annual Gross Income


Good Credit History


Annual income greater than loan amount

Best for recent grads with solid income.

Apply

Common Bond

2.66

3.89

20 years

Yes

36 Months

Federal & Private

220,000

Must be from 1 of 100 programs


MBA, Engineering, Law, MD

For graduate degree holders CommonBond is a great option to consider!

Apply

SoFI

2.17

3.5

15 years

Yes

24 Months

Federal & Private

None

90 days of employment proof


Strong credit history


Solid employment histroy


Graduated from Title IV school

Similar to CU best for recent grads with solid income

Apply

Charter One

2.32

4.74

20 years

Yes

36 Months

Federal & Private

170,000

3 on-time and in full payments on current loans


$24k annual income


Decent Credit History

Best for students who did not finish school or did not attend a 4 year university

Apply

Darien Rowayton Bank

2.63

3.5

20 years

Yes

12 Months

Federal & Private

None

MBA, Engineering, Law, MD Grad


Some Undergrades


$50k gross income

For graduate degree holders comparing CommonBond and DRB is wise

Apply

Wells Fargo

3.75

7.24

20 years

Yes

24 Months

Federal & Private

120,000

Employment and credit requirements


12,000 annual income

Lower income individuals who have a cosigner with solid employment and credit history


Patient people - the loan can take 60 days to process

Apply

WSFS

4

6

15 years

Yes

48 Months

Federal & Private

150,000

Cosigner Required


$1,200 Monthly Income


Current Employment

One option for people who have a cosigner to compare rates with.

Apply

Prosper

n/a

6.73

5 years

No

None

Private Only

35,000

Credit score will dictate interest rate

Best if you have been unable to get a consolidation loan from another provider.

Apply

These are not companies but are clearing houses from multiple loans, you can apply to both to see if the loans they offer beat any of the companies above…

Personal Loan

Large marketplace for personal loans where you can find the most competitive ratesadipisicing elit, sed do

Student Loan Consolidator

Another source for multiple companies to compete for your consolidation loanere you can find the most competitive ratesadipisicing elit, sed do

Best Student Loan Consolidation Company Reviews

1

Education Success Loans Review (Lowest Monthly Payments)

Success Loans offers a great overall consolidation option for student with either a co-signer or decent credit and employment history. 

Their biggest benefit is they can offer some of the lowest monthly payments due to the 25 year term and with no penalty of early repayment they can be the best option for a lot of students.​

Loan Rates and Longest Term

  • 4.99% Variable
  • 7.99% 5 year fixed
  • 25 year max term

Eligibility

  • US Citizen or Permanent Resident
  • Received a minimum of a 4 year bachelor degree
  • Graduated 30 months prior to application
  • Debt-Income ratio of 43% (see bottom FAQ on how to calculate)
  • Income of $24,000 annually
  • Solid Credit and Employment History

Pro's

  • Success Loans is a friendly student focused company that aggregates the best rates from many private banks. If you are looking to simplify your finances, save money and get out of debt sooner Education Success Loans provides the best opportunity to do so.
  • By providing a longer term your monthly payments can often be lowest with Education Success Loans and with no repayment penalty it offers the best opportunity to get out of your student loans soonest with the smallest immediate impact!

Con's

  • The downside to Education Success Loans is their requirement that you must be out of college for at least 30 months.

Best For…

  • An Education Success Loans consolidation loan is best for someone who is interested in low monthly payments now but still wants to pay off the loan quickly with pre-payment in a few years.
education-success-loan-review
2

CU Student Loans Review

CU Student Loans or LendKey’scuGrad loan is another non-typical lender which aggregates the best consolidation loans from many Credit Unions.

Loan Rates and Longest Term

  • 3.75% Variable
  • 15 year max term
  • Co-signer Release Available
  • Interest-Only Repayment Available

Eligibility

  • US Citizen or Permanent Resident
  • Income of $24,000 per year
  • 3.75% Variable

Pro's

  • cuGrad student loan consolidation offers a competitive interest rate with some additional benefits including the interest-only option.
  • By aggregating 100’s of Credit Unions the risk profile of the credit unions will be different and you ability to get awarded a loan goes up.

Con's

  • You will need to become a member of the credit union that offers you a consolidation loan. This can add some complexity and time to the process.

Best For…

  • A cuGrad consolidation loan is best for someone who is willing to handle a slightly more complex application process in return for a greater chance of approval.
cu-student-loan-consolidation-review
3

Common Bond Review

CommonBond is another relatively new offering in the student loan marketplace. They specialize in consolidating loans for graduates from select colleges with advanced degrees.


What makes CommonBond unique is the 3 following aspects of their company…

  • Their focus is on making the future earnings potential of advanced degree holders reflected in their student loan consolidation.
  • The loans are funded through a peer-peer consolidation platform
  • For every loan funded on their platform they fund the education of one student in need for one year. This is funded through the Pencils of Promise charity.

Loan Rates and Longest Term

  • 2.66% Variable
  • 3.89 Fixed
  • 20 year max term

Eligibility

  • US Citizen or Permanent Resident
  • Must be have graduated from 1 of 100 schools/programs including (MBA, Engineering, Law and MD from select colleges)
  • Employment History, Credit History and Income are all considered as well

Pro

  • CommonBond offers some of the most competitive rates on loan consolidations
  • If you are looking to work with a company that has a strong social commitment CommonBond is a great choice.

Con

  • Very selective, you must both meet the requirements as well as have graduated from one of the programs in their network of 100 programs.

Best For…

  • Consolidating your loans with CommonBond is best for a graduate from one of their selective graduate school programs listed. Their competitive rates and social commitment make them a great choice (if you can qualify!).

common-bond-consolidation-review
4

SoFi-Social Finance Review

SoFi has recently become the largest provider of student loan refinancing according to their website with $1,500,000,000+ in loans issued (that is a lot of zero’s!).


They as well are a relatively new entrant to the student loan refinance and consolidation space. They are not exactly a peer-peer lending company but accept capitalization/investment from Accredited Investors which then gets lended to students in the form of refinancing loans.


What makes SoFIunique is both their size and unique programs including their 2 main community programs.


SoFI Entrepreneur Program

The Entrepreneur Program offers a 6 month “grace” period for graduates who are building a new business.

Sofi's Entrepreneur Program is a prime example of how Sofi is creating a supportive community for its borrowers.

Marc Weiser
Managing Director/RPM Ventures

SoFI Career Services

The Career Services program at SoFI offers career planning and job search assistance to borrowers.

This is a very novel idea that makes a lot of sense for the company since borrowers who have a job are more likely to be able to repay their loans. This is the novel kind of program that many traditional lenders would be unlikely to ever offer.

After I was laid off, I got a call from Sofi asking how they could help me find a job. I was completely blown away.

Catie Gould
Rensselaer

Loan Rates and Longest Term

  • 2.17% Variable
  • 3.50% 5 year Fixed
  • 15 year max term

Eligibility

  • US Citizen or permanent resident (some states not accepted)
  • Employed or have an offer of employment
  • Graduated from a 4 year school (Title IV accredited University)
  • Credit Score, Employment History and Income are considered

Pro's

  • Sofi is a great all around option with some very low interest rates which also includes some beneficial social programs.
  • SoFI is one lender who refinances and consolidates both federal and private student loans.
  • Extra’s like career services and the entrepreneur program are great extras for people who can take advantage of these programs.

Con's

Although SoFI presents a company with a strong customer support focus they seem to have struggles with their size and providing the customer support they promise. There are many complaints at CrediKarma involving…

  • Poor communication getting old loans paid
  • An inability to get someone on the phone who has real power to resolve their problem.
  • Not qualifying due to errors in SoFI looking at the wrong credit report
  • Etc

This is likely due to their size and growth but something to definitely consider. A high income standard is also reported as required to be eligible for a SoFI loan.

Best For…

  • SoFi is a great all around option which is evident by their rise to become one of the most popular lenders.
sofi-consolidation-review
5

Charter One Bank

Charter One Bank is the first option on this list which is not a relatively new marketplace. They have few of the social “bells and whistles” that the options above have, however with competitive interest rates and a broad acceptance criteria they are a good option to consider. Charter One specializes in consolidating Federal Student Loans.

Loan Rates and Longest Term

  • 2.32 Variable
  • 4.74% 5 Year Fixed
  • 20 year max term

Eligibility

  • Graduation is not a requirement
  • US Citizen or Permanent Resident
  • $10,000 Minimum to Refinance
  • Must have made 3-12 full on-time payments on all loans
  • 24,000 Annual Income Required
  • Credit Score, Income and Employment History are all considered

Pro

  • One of the few consolidate and refinance options where graduation is not a requirement.
  • The long term fixed interest rate is very competitive!

Con

  • Slow application process and long 36month co-signer release.

Best For…

  • Charter One is best for any former student who did not complete college but has a history of making their student loan payments in full.
charterone consolidation review
6

Darien Rowayton Bank

Darien Rowayton Bank offers competitive rates for students from select programs and advanced degrees. Similar to Common Bond DRB offers competitive rates but it can due so by being very selective of the programs graduates come from. DRB also offers these consolidation loans to parents who took out student loans for their children.

Loan Rates and Longest Term

  • 2.63% Variable
  • 3.50% 5 Year Fixed
  • 20 year max term

Eligibility

  • US Citizen or Permanent Resident
  • $50,000 annual income
  • Graduate from select undergraduate and graduate programs (engineering, MBA, Law, Doctor)
  • Employment and future earning potential is main focus of DRB
  • Credit Score and Employment History are Considered

Pro

  • Competitive interest rates and available for parents as well.

Con

  • Very selective based on the program you have graduated from and has one of the highest income qualifying expectations.

Best For…

  • DRB is best for Parents or Graduates who have graduated and started working from one of the qualifying programs. DRB and CommonBond should both be applied to if you have an advanced degree from a qualifying school.

darien rowayton bank consolidation review
7

Wells Fargo

If you are already a Wells Fargo customer Wells Fargo is a good option with both an existing customer and automatic payment discount of 0.25% each. With a competitive interest rate of 3.75% (absolute lowest) they can be a good private and federal student loan consolidation option.

Loan Rates and Longest Term

  • 3.75% Variable
  • 7.24% 5 Year Fixed
  • 20 year max term

Eligibility

  • $12,000 annual income
  • One year of full time employment
  • Solid credit score is required

Pro

  • If you are a customer of WF then with the discounts the variable interest rate can be competitive. In addition the qualifying standards are lower than many of the other options.

Con

  • Slow application process 45-60 days and a high interest rate, especially if you are not an existing customer.

Best For…

  • WF is a good option if you are already a Wells Fargo customer and have lower gross income.
wells-fargo-consolidation-review
8

WSFS Bank

WSFS Bank is a medium sized bank which is offering student loan consolidations. Their interest rates, borrower forgiveness and extras do not make them competitive when compared to the other offerings. The only benefit I see going with WSFS Bank compared to other options is the fact that they have one of the lowest minimum limits of $5,000. The application process for WSFS is actually through the CU Student Loans platform.

Loan Rates and Longest Term

  • 4% Variable
  • 6% 5 year Term
  • ? years max term

Eligibility

  • US Citizen or Permanent Resident
  • Unknown – Credit Score, Employment History and Income will impact eligibility

Pro

  • There are few strengths to WSFS compared to other options that I can find. The biggest difference is that they have a $5,000 minimum consolidation which is lower than most others.

Con

  • Interest rates are higher and there are no additional benefits compared to other options.

Best For…

  • Students with between $5,000 and $10,000 to consolidate.
WSFS-consolidation-review
9

Prosper

If you are struggling to refinance and consolidate your student loan than true peer-peer lending sites are an alternative option. There are many downsides to this option however, if you are unable to consolidate from other sources this is the lender of last choice. Do not consolidate federal student loans here as both the interest rate and repayment terms will be harsher.


Loan Rates and Longest Term

  • 6.73% 5 Year Fixed
  • 5 year max term

Eligibility

  • Minimum 640 Credit Score

Pro

  • Does not require a cosigner or other employment, income history

Con

  • Higher interest rates and shorter term compared to the other options.
  • Requires a minimum of 640 credit score

Best For…

  • Recent grads with good credit, no cosigner and no current employment/income history should consider Prosper to see if the loan would have a lower interest rate than their current student loans.
prosper-consolidation-review

What If I Have Bad Credit?

The frustrating truth about all the options above is that if you have bad credit and no cosigner none of the 9 options above will work.

However there are a couple options...

Benefit of Consolidating Student Loans

There are 3 possible benefits to consolidating student loans.

  • Lower your monthly rate
  • Take advantage of low interest rates
  • Convenience of 1 montly payment

      The main downside is extending the term of the loan and increasing the total amount you will pay in interest.

      For example if you owe a total 50,000 in Student Loans at 5% interest and a 10 year term with 5

      different lenders(10k/each) then consolidate to one lender and a 25 year term your monthly payments would go from $530/month to $292/month but the Total Interst Payable will go from $13,639 tp $37,688.51.

      • Owe – $50,000
      • 5 different lenders
      • Interest Rate – 5% Term – 10 years
      • TOTAL Monthly Payment – $530.33
      • TOTAL Interest Payable – $13,639.31

      Consolidate 5 loans to decrease monthly payment by extending length of loan

      • Owe – $50,000
      • 1 Consolidate lender
      • Interest Rate – 5%
      • Term – 25 years
      • TOTAL Monthly Payment – $292.3
      • TOTAL Interest Payable – $37,688.51
      Student Loan Payments Over 10 Year Term

      Student Loan Payments Over 10 Year Term

      Student Loan Payments After Consolidation For 25 Year Term

      How To Consolidate Federal Student Loans

      If you hold federal student loans with the government you have 3 options.

      Option 1 – Special Direct Consolidation Loans (limited time)

      Special direct consolidation loans or (Obama student loan) are a temporary opportunity for borrowers who meet a set of criteria to roll their loans into one Loan held by the government.

      Borrowers that are eligible must…

      • Have one or more student loans held by a commercial lender in the Federal Family Education Loan.
      • Have one or more student loan held by the Federal Government

      The benefits of the Special Direct Consolidation Loans include reducing interest rate and not having to significantly change your repayment terms if you do not want to.

      The difference with the Special Direct Consolidation Loan from a traditional loan is that each loan consolidated retains its original repayment term allowing you to save money in interest over the life of the loan.

      A second key difference with the Special Direct Consolidation Loan is that it allows other Student Loan Companies loans to be consolidated with this Federal program

      Option 2 – Direct Consolidation Loans

      A direct consolidation loan is a way to consolidate multiple federal student loans into one. When you consolidate federal student loans you will reduce your monthly payments by extending the length of the loan and potentially reducing the interest rate.

      The benefit of a direct consolidation loan is that you can significantly reduce your monthly payments however you should also determine what the added interest cost over the life of the loan will be.

      Option 3 – Consolidate Federal Student Loan into a Private Consolidation Loan

      If you hold a student loan from the Federal Government and want to consolidate it you may be able to find student loan companies that offer better interest rate than you can find from the Government.

      The downside to consolidating a Federal loan into a private loan can be the aggressive interest rate increases from some companies. Some student loan consolidation companies will offer a teaser interest rate to attract student to consolidate their federal loan with them but then gradually increase the rate.

      This option is not recommended! Make sure the benefits of consolidating a federal student loan into a private loan outweigh the costs.

      Option 4 – Peer 2 Peer Lending to Consolidate Student Loans

      This is a relatively new option but with the growth of peer to peer lending sites there is the opportunity for students who dont qualify for traditional consolidation loans to get one through one of these sites. Lending Club and Prosper.com are the 2 most common ones.

      How To Consolidate Private Student Loans

      When you get a private student loan it falls under some of the same rules as a federal student loan, specifically if you declare bankruptcy your student loan debt will not go away.

      When you consolidate a private student loan you achieve the most significant benefit of being able to combine multiple monthly payments into one payment to one loan modification company.

      It can be a good idea to consolidate private student loans if your Credit Score has improved.

      There are websites where you can check your credit score for free – Free Credit Score Check

      Consolidate your student loan and mortgage – One option if you are a few years out of College and you own a home which has appreciated in value is to take out a Home Equity Line of credit and pay off your student debt. This is essentially consolidating your Student Loan with your Mortgage. The benefit is the ability to have the lower payments

      Frequently Asked Student Loan Consolidation Questions

      What is the difference between student loan consolidation and refinancing?

      Student Loan Consolidation is technically the combining of multiple federal education loans into one loan which takes the weighted average of the interest rate and lowers the monthly payment by extending the loan over a longer term.

      Refinance is paying off your current loans and accepting a new loan at a lower interest rate/longer term to create a loan that better suits our needs.

      In this article I have used refinance/consolidate interchangeably as that is what most of us mean when we say consolidate.

      Dan Macklin from SoFI has a great post at DailyWorth going into more detail – Should you consolidate or Refinance Your Student Loans.

      Can I consolidate both private and federal student loans?

      Yes, many of the lenders above offer opportunities to consolidate both federal and private student loans.

      When consolidating a federal student loan be sure to think about your ability to repay it. Private loans have much stricter collection programs when compared to a federal student loan.

      Can I consolidate my loans if I didn’t finish college and never graduated?

      Yes, but your options are limited. Currently there are three options you can apply for with your best being CharterOne. If you don’t get accepted at Charter One than Prosper and Personal are options to consider.

      Should I apply to all companies and how will applying to multiple companies affect my credit score?

      There are 2 downsides to applying to all companies.

      Your time – Applying to all can take a lot of time but if you really want to find the best consolidation loan for you.

      Your Credit Score – The more people who have looked at your credit score the more your credit score will go down…is the common “myth” in fact if you have many similar searches within the same time period it is clear you are shopping for a single product and this group of searches essentially gets treated as one search. Therefore, it does not impact your credit score applying to multiple loans. FICO ignores all student loan searches made in the previous 30 days according to their website here.

      Sallie Mae Student Loan Consolidation Options?

      Sallie Mae does not offer this service…

      “At present, Sallie Mae does not offer consolidation loans.” (Source)

      However, if you have Sallie Mae student loans any of the options above are viable refinance/consolidation options.

      Chase student loan consolidation options?

      Does Chase offer a private student loan consolidation option and if so what are the rates?

      According to their Student Loan Servicing website “We’re sorry, but we do not offer a private consolidation loan product”

      If you have a Chase Student loan your consolidation options are the lenders listed above and below in the table.

      CitiBank student loan consolidation options?

      Does CitiBank offer a private student loan consolidation option and if so what are the rates?

      Again, Citi does not have a consolidation option according to their website https://www.studentloan.com/

      Any of the lenders in the table can consolidate a CitiBank student loan if you have a Citi Student Loan.

      How to calculate debt to income ratio (DTI ratio)?

      Add up all your recurring debt obligations (mortgage payments, car loan payments, student loan payments and minimum payment on credit card balance) then divide by your gross monthly income.

      If you want to see more details about how to calculate the debt to income ratio here is a great article - CommonBond – Student Loan Concepts Explained – Debt to Income Ratio

      Which is better a fixed or variable rate loan?

      A variable interest rate will be lower initially but depending on where the prime interest rate goes the rate will climb.

      The bottom line to me is if you are risk adverse then stay with a fixed loan while if you are more risk tolerant than a variable will on average cost you less in the long run.

      For example, does the variable interest rate have a cap? A cap places a maximum limit on how high a variable interest rate can go. This type of mechanism can be a great protection against rising interest rate risk.

      Can a parent who took out a student loan for their child consolidate?

      Yes a parent can consolidate a student loan that was taken out for their child. Often with the income and employment history parents can get some of the most competitive interest rates.

      One of the lender that specializes in providing consolidation loans to parents is Darien Rowayton Bank (DRB).

      Can an international student consolidate student loans?

      If you are an international student you are probably sick of seeing “US Citizen or Permanent Resident” but unfortunately that is the case. You must be at least a permanent resident or get a co-signer who is a US citizen or permanent resident. If you are looking for more information on International Student Loans you can visit the experts at InternationaStudentLoan.com and their article International Student Loan Consolidation which echoes the same...

      “You will need a US cosigner for student loan consolidation”

      How Much Can I Save? Student Loan Consolidation Calculator

      Many of the companies listed above have calculators but the lender with the easiest and fastest calculator is located here…

      Student Loan Consolidation Calculator

      When is the right time to refinance/consolidate my student loans?

      The right time to consolidate student loans is whenever you can save money at an acceptable risk level.

      What I mean by that is if you can consolidate/refinance your loans now and it will save you money without increasing your risk then it makes sense to do so. It may not make sense if you have federal student loans only and can save $100/year…you are increasing your personal risk due to more aggressive collections for minimal benefit.

      However, the majority of students who qualify for consolidating student loans would be better off financially consolidating as soon as they are eligible.

      Title

      Lowest Variable Rate

      Lowest Fixed Rate

      Longest Term

      Pre Payment Allowed

      Cosigner Release

      Federal/Private

      Refinance Limit

      Eligbility

      Best For

      Apply

      Education Success Loans

      4.99

      7.99

      25 years

      Yes

      No

      Federal & Private

      200,000

      30 months after graduation


      Proof of employment


      Good credit history


      $24.000 Annual Gross Income

      All around best option for majority of students who have been out of school for 30 months and want lowest monthly payment amortized over 25 years

      Apply

      CU Student Loans

      3.75

      n/a

      15 years

      No

      12 Months

      Federal & Private

      125,000

      $24,000 Annual Gross Income


      Good Credit History


      Annual income greater than loan amount

      Best for recent grads with solid income.

      Apply

      Common Bond

      2.66

      3.89

      20 years

      Yes

      36 Months

      Federal & Private

      220,000

      Must be from 1 of 100 programs


      MBA, Engineering, Law, MD

      For graduate degree holders CommonBond is a great option to consider!

      Apply

      SoFI

      2.17

      3.5

      15 years

      Yes

      24 Months

      Federal & Private

      None

      90 days of employment proof


      Strong credit history


      Solid employment histroy


      Graduated from Title IV school

      Similar to CU best for recent grads with solid income

      Apply

      Charter One

      2.32

      4.74

      20 years

      Yes

      36 Months

      Federal & Private

      170,000

      3 on-time and in full payments on current loans


      $24k annual income


      Decent Credit History

      Best for students who did not finish school or did not attend a 4 year university

      Apply

      Darien Rowayton Bank

      2.63

      3.5

      20 years

      Yes

      12 Months

      Federal & Private

      None

      MBA, Engineering, Law, MD Grad


      Some Undergrades


      $50k gross income

      For graduate degree holders comparing CommonBond and DRB is wise

      Apply

      Wells Fargo

      3.75

      7.24

      20 years

      Yes

      24 Months

      Federal & Private

      120,000

      Employment and credit requirements


      12,000 annual income

      Lower income individuals who have a cosigner with solid employment and credit history


      Patient people - the loan can take 60 days to process

      Apply

      WSFS

      4

      6

      15 years

      Yes

      48 Months

      Federal & Private

      150,000

      Cosigner Required


      $1,200 Monthly Income


      Current Employment

      One option for people who have a cosigner to compare rates with.

      Apply

      Prosper

      n/a

      6.73

      5 years

      No

      None

      Private Only

      35,000

      Credit score will dictate interest rate

      Best if you have been unable to get a consolidation loan from another provider.

      Apply