Fed Loan Rates for ‘21-22 School Year: What You Should Know

Fed Loan Rates for ‘21-22 School Year: What You Should Know


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.


3.09%+

1.48%+
$2,001 to $200,000 7 to twenty
  • Fixed APR:

    3.09%+
  • Variable APR:

    1.48%+
  • Min. credit rating:
    540
  • Loan quantity:
    $2,001 to $200,000
  • Loan phrases (years):
    5, 7, 10, 12, 15, 20
  • Repayment choices:
    Full deferral, fastened/flat compensation, curiosity solely, tutorial deferment, army deferment, forbearance, loans discharged upon dying or incapacity
  • Fees:
    None
  • Discounts:
    0.25% to 1.00% automated cost low cost, 1% money again commencement reward
  • Eligibility:
    Must be a U.S. citizen or everlasting resident or DACA student enrolled a minimum of half-time in a degree-seeking program
  • Customer service:
    Email, telephone
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 24 months
  • Loan servicer:
    Launch Servicing, LLC


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.


3.23%+1

1.03%+1
$1,000 to $350,000 (relying on diploma) 5, 10, 15
  • Fixed APR:

    3.23%+1
  • Variable APR:

    1.03%+1
  • Min. credit rating:
    720
  • Loan quantity:
    $1,000 to $350,000
  • Loan phrases (years):
    5, 10, 15
  • Loan varieties:
    Any personal or federal student loan
  • Repayment choices:
    Full deferral, full month-to-month cost, curiosity solely, instant compensation, tutorial deferment, army deferment, forbearance, loans discharged upon dying or incapacity
  • Fees:
    Late payment
  • Discounts:
    Autopay, loyalty
  • Eligibility:
    Available in all 50 states (worldwide students can apply with a creditworthy U.S. citizen or everlasting resident cosigner)
  • Customer service:
    Email, telephone, chat
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 36 months
  • Loan servicer:
    Firstmark Services


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.


2.94%+2,3


0.99%+2,3
$1,000 as much as 100% of the school-certified value of attendance 5, 8, 10, 15
  • Fixed APR:

    2.94%+2,3
  • Variable APR:

    0.99%+2,3
  • Min. credit rating:
    Does not disclose
  • Loan quantity:
    $1,000 as much as value of attendance
  • Loan phrases (years):
    5, 8, 10, 15
  • Repayment choices:
    Full deferral, full month-to-month cost, fastened/flat compensation, curiosity solely, instant compensation, tutorial deferment, forbearance, loans discharged upon dying or incapacity
  • Fees:
    Late payment
  • Discounts:
    Autopay
  • Eligibility:
    Must be a U.S. citizen or everlasting resident and be making passable tutorial progress.
  • Customer service:
    Email, telephone
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 24 months
  • Loan servicer:
    College Ave Servicing LLC


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.

3.75%+ 1.08%+ $1,000 to $99,999 yearly
($180,000 combination restrict) 7, 10, 15
  • Fixed APR:
    3.75%+
  • Variable APR:
    1.08%+
  • Min. credit rating:
    Does not disclose
  • Loan quantity:
    $1,000 to $99,999 yearly
    ($180,000 combination restrict)
  • Loan phrases (years):
    7, 10, 15
  • Repayment choices:
    Full deferral, instant compensation, interest-only compensation, flat/full compensation, tutorial deferment, army deferment, forbearance, loans discharged upon dying or incapacity
  • Fees:
    None
  • Discounts:
    Autopay
  • Eligibility:
    Not obtainable to residents of AZ, IA, or WI
  • Customer service:
    Phone, e mail
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 36 months
  • Loan servicer:
    American Education Services
  • Min. revenue:
    Does not disclose


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.


3.0%+7

2.17%+7
$1,000 to $200,000 7, 10, 15
  • Fixed APR:

    3.0%+7
  • Variable APR:

    2.17%+7
  • Min. credit rating:
    750
  • Loan quantity:
    $1,000 to $200,000
  • Loan phrases (years):
    7, 10, 15
  • Repayment choices:
    Full deferral, full month-to-month cost, curiosity solely, instant compensation, tutorial deferment, loans discharged upon dying or incapacity
  • Fees:
    Late payment
  • Discounts:
    Autopay
  • Eligibility:
    Must be a U.S. citizen or everlasting resident and have a minimal revenue of $30,000.
  • Customer service:
    Email, telephone
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 36 months
  • Loan servicer:
    Granite State Management & Resources (GSM&R)


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.


3.83%+8

1.69%+8
$1,001 as much as 100% of faculty licensed value of attendance 5, 10, 15
  • Fixed APR:

    3.83%+8
  • Variable APR:

    1.69%+8
  • Min. credit rating:
    670
  • Loan quantity:
    $1,001 as much as value of attendance
  • Loan phrases (years):
    5, 10, 15
  • Repayment choices:
    Full deferral, full month-to-month cost, curiosity solely, instant compensation, tutorial deferment, forbearance
  • Fees:
    Late payment
  • Discounts:
    Autopay, reward for on-time commencement
  • Eligibility:
    Must be an Indiana resident or a U.S. citizen attending an eligible Indiana faculty
  • Customer service:
    Email, telephone, chat
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 48 months
  • Loan servicer:
    American Education Services


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.


3.75%+
N/A $1,500 as much as faculty’s licensed value of attendance much less assist 15
  • Fixed APR:

    3.75%+
  • Variable APR:
    N/A
  • Min. credit rating:
    670
  • Loan quantity:
    $1,500 as much as value of attendance much less assist
  • Loan phrases (years):
    10, 15
  • Repayment choices:
    Full deferral, curiosity solely, instant compensation, tutorial deferral, forbearance
  • Fees:
    None
  • Discounts:
    None
  • Eligibility:
    Must be a U.S. citizen or everlasting resident and be making passable tutorial progress.
  • Customer service:
    Email, telephone
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 48 months
  • Loan servicer:
    American Education Services (AES)


Credible Rating


Credible lender scores are evaluated by our editorial crew with the assistance of our loan operations crew. The score standards for lenders embody 78 information factors spanning rates of interest, loan phrases, eligibility requirement transparency, compensation choices, charges, reductions, customer support, cosigner choices, and extra. Read our full methodology.


3.5% – 12.6% APR9

1.13% – 11.23% APR9
Up to 100% of the school-certified value of attendance 15
  • Fixed APR:

    3.5% – 12.6% APR9
  • Variable APR:

    1.13% – 11.23% APR9
  • Min. credit rating:
    Does not disclose
  • Loan quantity:
    $1,000 as much as value of attendance
  • Loan phrases (years):
    10 to fifteen
  • Repayment choices:
    Full deferral, fastened/flat compensation, curiosity solely, tutorial deferment, forbearance, loans discharged upon dying or incapacity
  • Fees:
    Late payment
  • Discounts:
    Autopay
  • Eligibility:
    Must be a U.S. citizen or everlasting resident. Also obtainable to non-U.S. citizen students (together with DACA students) attending a college situated within the U.S. who apply with a qualifying cosigner.
  • Customer service:
    Phone, chat
  • Soft credit test:
    Yes
  • Cosigner launch:
    After 12 consecutive on-time funds
  • Loan servicer:
    Sallie Mae
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