Easiest Student Loans To Get Approved For

Gone are the days when student loans became an easy way out of debts or to make a living. Getting approved for student loans has become really challenging, especially for those who apply for low-interest rates. In this article, we will talk about the easiest student loan to get approved for.

Student loans are not easy. You’ve got to take the time to fill out many complicated forms and wait for weeks for a response about your application. With so much work involved, is it worth getting a student loan? For some people, the answer is yes. But if you’re looking for the easiest student loans to get approved for, look no further than this article! We will base our discussion today on Easiest Student Loans To Get Approved For. But, other resources which you can find on our website include some frequently asked questions such as: no credit check student loans and student loans without credit and no cosigner

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Easiest Student Loans To Get Approved For

You may have heard that student loans are difficult to get approved for, but that’s not always the case. In fact, there are quite a few options out there for easy student loans. In this article, we’ll explore some of the best options for easy student loans and how you can get started.

Federal Student Loans

There are two types of federal student loans: direct loans and Perkins Loans. Direct Loans are made by the government directly to students and parents, while Perkins Loans are made through participating schools.

Both types of federal student loans have fixed interest rates, meaning that the rate will never change for the life of the loan. Federal student loans also offer flexible repayment options, including income-driven repayment plans and deferment or forbearance for those who are struggling to make payments.

Perkins Loans have slightly more favorable terms than Direct Loans, including a lower interest rate and longer grace period. However, Perkins Loans are only available to students with exceptional financial need.

If you are looking for the easiest student loans to get approved for, either type of federal student loan is a good option. You can apply for federal student loans at StudentLoans.gov.

Private Student Loans

If you’re looking for the easiest student loans to get approved for, then you’ll want to consider private student loans. Private student loans are available from a variety of different lenders, and they can often be easier to qualify for than federal student loans.

Private student loans also tend to have lower interest rates than federal student loans, so you’ll save money in the long run. Plus, there are no origination fees or prepayment penalties with private student loans, so you can save even more.

To find the best private student loan for you, compare interest rates, terms, and conditions from a variety of different lenders. Then, choose the loan that offers the most favorable terms and conditions for your needs.

How to Get Approved for a Student Loan

If you’re looking for a student loan, there are a few things you’ll need to do in order to get approved. First, you’ll need to fill out a Free Application for Federal Student Aid (FAFSA). This form is used to determine your eligibility for federal aid, which can include loans, grants, and work-study programs.

Once you’ve submitted your FAFSA, the next step is to find a lender. You can use the Department of Education’s search tool to find lenders that participate in the federal student loan program. You can also compare lenders by interest rates, fees, and repayment terms before choosing one that’s right for you.

Once you’ve found a lender, it’s time to apply for the loan. You’ll need to provide information about yourself and your finances, as well as the school you’re attending. The lender will then review your information and make a decision on whether or not to approve your loan.

If you’re approved for a loan, congratulations! You’re on your way to funding your education. Just remember to stay on top of your payments and make sure you understand the terms of your loan so that you can avoid any surprises down the road.

Tips for Getting Approved for a Student Loan

If you’re looking for a student loan, there are a few things you can do to improve your chances of getting approved. First, make sure you understand the requirements of the loan program you’re applying for. Each program has different eligibility requirements, so it’s important to know what they are before you apply.

Next, be sure to complete your application accurately and in its entirety. Include all required documentation, such as transcripts and financial information. If you have any questions about the application process, be sure to ask your lender for clarification.

Finally, remember that the decision to approve or deny a loan is ultimately up to the lender. However, if you follow these tips, you’ll increase your chances of getting approved for the loan you need.

Alternatives to Student Loans

Student loans can be a helpful way to finance your education, but they’re not the only option. There are a number of alternatives to student loans that can help you pay for college without incurring debt.

Scholarships and grants are two great options for financing your education. You can search for scholarships online or through your college’s financial aid office. Grants are typically need-based, so you may have to fill out a FAFSA form to see if you qualify.

You could also consider working part-time or full-time while in school. This can help you cover some of your expenses and avoid taking on too much debt. You can search for jobs on your college’s career center website or on job boards like Indeed.com.

Another option is to take out a private loan from a bank or credit union. This can be a good option if you have good credit and can qualify for a low interest rate. However, you’ll want to compare rates and terms before taking out any loan to make sure it’s the right choice for you.

Whatever route you choose to finance your education, be sure to do your research and make the best decision for your situation.

There are a lot of different student loans out there, and it can be tough to know which one is right for you. But hopefully this list of the easiest student loans to get approved for has given you a good starting point. Remember to do your research and choose a loan that’s right for your individual situation. And if you’re having trouble getting approved for a loan, don’t hesitate to reach out to a financial advisor who can help you figure out your next steps.

Easiest Student Loans To Get Approved For

If you’ve exhausted all your scholarship, grant, work-study, and federal student loan options and still need money for school, private student loans can be a good option.

Since most private student loan lenders require good credit, we recommend adding a creditworthy cosigner to your application to improve your chances of approval. A cosigner can also help you receive a lower interest rate, which will reduce the overall cost of your loan.

In the table and reviews below, you’ll find the best private student loans amongst our partners, based on hours of research into rates, repayment terms, unique benefits, and more.

Compare the best private student loan lenders

LenderBest forRates (APR)Our Rating
College Ave Student LoansBest Overall1.19% – 12.99%5.0 View Rates
Sallie MaeBest for Cosigners1.13% – 12.59%4.8View Rates
EarnestBest for No Fees0.94% – 12.78%4.3View Rates
AscentBest for
Forebearance Flexibility
1.64% – 12.76%4.7View Rates
SoFiBest for Member Benefits1.20% – 11.23%4.1View Rates

Reviews of the five best private student loans

Check out the reviews below for an in-depth explanation as to why we selected each lender as one of the best private student loans. If you’re interested in learning more about a specific lender, you can jump to that review by clicking on its name in the list below.

  • Best overall: College Ave
  • Best for cosigners: Sallie Mae
  • Best for forebearance flexibility: Ascent
  • Best for member benefits: SoFi
  • Best for no fees: Earnest

College Ave

Our Pick: Best Overall

5.0    LendEDU RatingView RatesDisclosures

Why It’s One of the Best

College Ave is our choice as the best overall lender for the second year in a row because it has competitive rates, lets you choose your repayment term, and can cover up to 100% of your school-certified cost of attendance.

Variable Rates
1.19% – 11.98% APR

Fixed Rates
3.49% – 12.99% APR

Loan Amounts
$1,000 – 100% of school-certified cost of attendance

Pros & Cons 

Eligibility Requirements 

Repayment Details 

College Ave is an online student loan lender based out of Wilmington, Delaware. The lender’s sole focus is to make a college degree more attainable by helping students and parents afford the rising cost of higher education.

When you borrow with College Ave, you’ll get to take advantage of its Multi-Year Peace of Mind™. Thanks to this benefit, 90% of undergraduate borrowers are approved for additional loans for future years when applying with a cosigner.

That’s not the only benefit of College Ave. It also allows you to select your repayment term and explains how the term and plan you choose impacts the long-term cost of your loan.

Are you interested in applying for a loan with College Ave? You can get an instant credit decision in just three minutes.


Sallie Mae

Our Pick: Best for Cosigners

4.8    LendEDU RatingView Rates

Why It’s One of the Best

Sallie Mae is our choice as the best for cosigners due to its short cosigner release period. Cosigners can be released from a Sallie Mae student loan after the borrower makes just 12 consecutive on-time monthly payments.

Variable Rates
1.13% – 11.23% APR

Fixed Rates
4.25% – 12.59% APR

Loan Amounts
$1,000 – 100% of school-certified cost of attendance

Pros & Cons 

Eligibility Requirements 

Repayment Details 

Sallie Mae, the most widely known student loan lender, is based out of Newark, Delaware. When it was founded, it was a government entity in charge of servicing federal education loans. Then, between 1997 and 2004, Sallie Mae transitioned into a fully privatized bank and began offering private student loans.

Today, Sallie Mae controls the largest share of the private student loan market. It’s also expanded its product offering to include credit cards, savings accounts, and more.

Sallie Mae borrowers can enjoy benefits including four months of free Chegg® study help, Multi-Year Advantage, and no origination or application fees. With Multi-Year Advantage, returning undergraduate students with a cosigner have a 95% approval rate for a future loan.

Are you interested in applying for a loan with Sallie Mae? You can apply and get a credit decision in about 15 minutes by 

Earnest

Our Pick: Best for No Fees

4.3    LendEDU RatingView Rates

Why It’s One of the Best

When Earnest says it doesn’t charge any fees, it means it. There are no origination, application, prepayment, or late payment fees.

Variable Rates
0.94% – 11.44% APR

Fixed Rates
3.24% – 12.78% APR

Loan Amounts
$1,000 – 100% of school-certified cost of attendance

Pros & Cons 

Eligibility Requirements 

Repayment Details 

Earnest is an online lender based out of San Francisco, California. The lender was founded with the goal of making higher education accessible and affordable for everyone.

One of the main benefits of taking out a loan with Earnest is that there are no fees. Many lenders market their student loans as having no fees to apply, but this only refers to origination and application fees. With Earnest, you won’t be charged any fees to apply, plus you won’t be charged for paying off your loan early or for any late payments.

In addition to no fees, Earnest offers several other benefits, like a longer than average grace period and the ability to skip a payment once per year.

Are you interested in applying with Earnest? You can find out if you’re eligible in just two minutes by clicking here.

Ascent

Our Pick: Best for Forbearance Flexibility

4.7    LendEDU RatingView Rates

Why It’s One of the Best

Ascent allows borrowers experiencing financial difficulty to enter temporary hardship forbearance for up to 24 months. Other options include administrative and natural disaster forbearance.

Variable Rates
1.64% – 9.23% APR

Fixed Rates
4.78% – 12.76% APR

Loan Amounts
$2,001 – $200,000

Pros & Cons 

Eligibility Requirements 

Repayment Details 

Ascent is an online student loan lender based out of San Diego, California. Its student loan offering is unique compared to other lenders in that it offers three different options. These options include its traditional cosigned loan, non-cosigned credit-based loan, and non-cosigned future income-based loan.

Borrowers looking for repayment protection will be happy to know that Ascent offers several deferment and forbearance options. Ascent’s college loans include active-duty military deferment, in-school deferment, and residency or internship deferment.

For those dealing with financial difficulty, loans include temporary hardship forbearance, administrative forbearance, and natural disaster or declared emergency forbearance. All three of these options will extend the repayment term on your loan.

Are you interested in applying with Ascent? You can prequalify and check your rate with no impact on your credit by clicking here.

SoFi

Our Pick: Best for Member Benefits

4.1    LendEDU RatingView Rates

Why It’s One of the Best

SoFi members enjoy a wide range of benefits, including a 0.125% rate discount, career coaching, unemployment protection, and more.

Variable Rates
1.20% – 11.23% APR

Fixed Rates
4.23% – 10.66% APR

Loan Amounts
$5,000 – 100% of school-certified cost of attendance

Pros & Cons 

Eligibility Requirements 

Repayment Details 

SoFi is a mobile-first online personal finance company based out of San Francisco, California. It made a name for itself in 2012 as the first company to refinance both federal and private student loans. Since then, it has expanded into nearly all consumer lending markets with over $50 billion in loans funded.

Without a doubt, one of the biggest draws to borrowing from SoFi is the wide range of benefits available to its members. These benefits fall into three categories: money, community, and career.

Money benefits include financial planning advice from credentialed advisors, referral bonuses, and member rate discounts. Community benefits include attending networking events, dinners, and happy hours. Career benefits include tools to help you earn a raise, personalized career advice, and an unemployment protection program.

Are you interested in applying for a loan with SoFi? You can prequalify without impacting your credit in minutes by clicking here.

student loans without credit and no cosigner

Getting a loan without a cosigner may seem impossible, but there are options. Some private lenders offer no cosigner student loans — and our loan comparison tool can help you find one.

In this guide:

Information on cosigners
No-cosigner loans
How to find and compare international student loans

Information on Cosigners

As an international student in the United States, or coming to the US, you will be required to have a cosigner most of the time when applying for a loan. Cosigners must be a US citizen or permanent resident who has lived in the US for the past two years and has good credit history.

Since most international students in the US do not have credit history, a cosigner joins the standard application process. Approval and rates are based off the credit score of the cosigner and they are legally bound to repay the loan if you (the borrower) are unable to pay.

If you don’t have a credit-worthy cosigner, you won’t qualify for most international student loans. However, there are still a few options available to international students, and on this page, we’ll give you the information you need on private international student loans that don’t require a cosigner.

No-cosigner loans

International Student Loan no cosigner

Although a cosigner is typically required by most lenders, international students attending certain colleges and universities in the US and Canada are able to apply without one. If you’re not able to find a cosigner then this type of loan could be a good option for you.

With no-cosigner loans, instead of looking at credit history, the lender will look at your academic success and career path. A few factors they will take into consideration include your home country, graduation date and what school you attend.

Private international student loans are offered through non-government lenders. There are a number of private lenders that offer loans for international students, each with their own eligibility requirements. However, only select lenders offer loans to international students that don’t require a cosigner.

Before choosing a lender, it’s important to do your research and find a lender that will offer you a loan that meets your needs. You can use our international student loan comparison tool to get information from the student loan companies that work with international students in just a few clicks.

How To Find And Compare No-Cosigner Loans

If you’re an international student and would like to explore the option of a loan that doesn’t require a cosigner, you’re able to use our loan comparison tool to see if your school has one available. If so, you can then research the terms and conditions of the loan and apply directly through the lender. When researching a loan a few items you will want to take note of include:

  • How much you can borrow
  • The interest rate (including if it’s fixed or variable)
  • The repayment period
  • When and how your funds will be disbursed

Once your loan application has been reviewed you will receive details on your loan including your interest rate and how much you can borrow, these items will vary by lender and your situation. For example, no-cosigner loans through one of our partners have a fixed interest rate of 11.99%-13.99% and allow you to borrow up to $25,000 per academic period, or $50,000 total. On your application you must state how much you would like to borrow. The approved amount along with your designated interest rate will be assigned to you by the lender after your application has been reviewed. If you are approved for a loan, the funds are disbursed directly to your college or university. The entire process usually takes about 6 weeks, so you will need to plan accordingly.

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