10 Best Banks for College Students

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best banks for college students

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If managing money were a video game, doing so while in college would be like having the difficulty level turned up to “extreme.” College students need to cover a lot of costs — tuition, rent, groceries, social events — on what often feels like practically no funds. On top of that, college students often don’t have the life experience needed to build important financial skills and wisely spend and save money.

As a college student, I did have one thing working in my favor: my bank. By the time I headed to college, my parents had already set me up with one of the best banks for college students. My low-fee accounts helped me put more of my money toward educational expenses, and limited the financial fallout of my occasional college budgeting snafu.

Choosing a bank that offers a solid student checking account could mean limiting the fees you pay and gaining access to financial education programs.

Here’s your guide to finding and comparing the best banks for college students.

What college students should look for in a bank

College students are at a unique time in their lives and should choose a bank with their situation in mind. Here are the top features that make banking easier while you’re in college:

  • Accounts and products for students: Many banks offer checking accounts, savings accounts, or even credit cards designed for students. These accounts usually offer the basic features you need, but at little to no cost.
  • Wide range of products: You’ll probably need to open a checking account to manage money in college, but what other products might you need? Investigate each bank’s offerings. You may find products from student credit cards to private student loans.
  • No monthly costs: One of the biggest things to watch out for is bank fees — or what it’ll cost you to be a customer of this bank. The best banks for college students won’t charge you a monthly fee on checking accounts, for example, without needing to meet minimum balance requirements. Pay attention to monthly or annual fees on savings accounts and credit cards, too.
  • Low fees: You’ll also want to compare overdraft fees and policies to make sure a budgeting oversight doesn’t cost you big time. Many banks charge ATM fees, too, so you’ll want to inspect those policies if you expect to use these machines.
  • Interest rates: When it comes to interest rates, you’ll want to look for banks that pay high annual percentage yields (APYs) on deposit accounts so you earn more on your bank funds. Watch for lower APRs on credit accounts or loans, too, as this is a sign you’ll pay less to borrow with this bank.
  • Credit and financial literacy programs: If you’re new to banking and budgeting, or could simply use some extra support as you’re building credit or managing money on your own, a bank can help. Many offer personal finance courses, articles, seminars, or other resources to help you learn about money basics and beyond.
  • Accessibility: Students are often living far from home or might need to access accounts on campus. This can make it important to choose a bank with branches and ATMs nearby.

Besides considering these factors, think about your own situation, needs, and money habits. Each feature will matter more to some students than others.

If you never use ATMs, for example, you might care less about ATM access and fees. Or if you have a large fund saved for college, you might want to find a high-interest account that will keep it growing until you need it.

Thinking about what’s important to you in a bank can help you evaluate and compare banks more effectively to find one that’s a great fit for you.

The 10 best banks for college students

Trying to find the best banks for college students can feel as overwhelming as trying to navigate a new college campus for the first time. But you don’t need to start your search from scratch. To help map out your search for a bank, or at least get it started, we surveyed banks to find those that offer many of the features outlined above.

The result is this list of the 10 best banks for college students. These banks all offer a no-fee checking option to college students, along with some other important benefits. Read on to find out what we liked (or didn’t) about each one.

  1. PNC Bank
  2. Ally Bank
  3. Discover Bank
  4. Capital One 360
  5. U.S. Bank
  6. USAA
  7. BB&T
  8. TD Bank
  9. Bank of America
  10. Chase Bank

1. PNC Bank

  • No monthly maintenance fees for students, for up to six years
  • $25 minimum opening deposit
  • No overdraft transfer fees
  • $36 overdraft fee, and first overdraft fee waived if incurred within 12 months of account opening

PNC Bank offers the Virtual Wallet Student as a complete collection of deposit accounts: everyday checking called the “Spend” fund, as well as a short-term savings fund (“Reserve”) that allows students to save for upcoming expenses and provides a buffer against overdraft fees. The Virtual Wallet Student also includes a long-term savings fund (“Growth”).

Some other beneficial features can help students who are learning how to budget and manage expenses. A “Money Bar” helps students quickly see how much is in their account — and what they can afford to spend. They can also break transactions down by categories, such as gas or groceries, and set targets and alerts so they’ll know if they’re close to overspending.

Students can also get support from parents to manage their Virtual Wallet funds by setting up parents to receive low-balance alerts and account statements.

PNC Virtual Wallet Student is free of monthly maintenance fees for up to six years to students who provide proof of enrollment. It takes a deposit of $25 to open a Virtual Wallet. Additionally, students can use over 9,000 PNC ATMs to avoid out-of-network ATM fees, and will be reimbursed the $3 non-PNC ATM fee twice per statement period.

Visit PNC Bank

2. Ally Bank

  • No monthly maintenance fees
  • No minimum opening deposit requirements
  • No overdraft transfer fees
  • $25 overdraft item, limited to one per day

Next up is Ally Bank, an online bank that provides several features perfect for college students — despite not having bank accounts specifically designed for students.

The Ally Interest Checking Account and Online Savings Account stand out for their lack of fees. Ally has no monthly fees on these accounts and charges some of the lowest overdraft fees of any bank on this list.

Perhaps the biggest benefit of banking with Ally is the potential to earn interest on your account funds. The Interest Checking Account carries an APY of 0.60% on balances above $15,000, or 0.10% APY for lower balances as of Sept. 14, 2018. Ally’s Online Savings Account has an even higher rate, paying out 1.85% APY on all balances — with no minimums.

For students who are paying for college out of a large pool of savings or even student loan funds, keeping this money in an Ally account could keep it accessible while giving it a chance to grow.

The fact that Ally is an online back could be a drawback for some students, since they won’t have the option to visit a brick-and-mortar bank branch to get help with their accounts. But the bank does offer 24/7 customer support by phone. Plus, Ally account holders get access to over 43,000 Allpoint ATMs, as well as reimbursement for up to $10 per statement cycle in fees for using non-network ATMs.

If you’re interested, head to our full Ally Bank review for more details on what this bank offers.

Visit Ally Bank

3. Discover Bank

  • No monthly maintenance fees
  • No minimum deposit requirements
  • No overdraft transfer fee
  • $30 nonsufficient funds fee, limit one per day (first fee each year is waived)

Discover Bank is another smart option for students looking to earn interest on college savings thanks to the 1.80% APY (as of Sept. 14, 2018) on its Online Savings Account.

The Discover Bank checking option is just as attractive with the opportunity to earn 1% cash back on the first $3,000 in purchases made each month with the Cashback Debit account.

Rounding out this online bank’s offerings are two Discover student credit cards that can help you build credit and practice sound borrowing habits while you’re still in college:

  • The Discover it® Student chrome card provides 2% cash back on gas and restaurant purchases up to $1,000 per quarter – no sign-ups needed, and 1% cash back on all other purchases.
  • The Discover it® Student Cash Back card offers 5% cash back on rotating spending categories each quarter when you activate, up to $1,500. Cardholders must activate spending categories to get cash-back rewards.

Neither Discover student credit card carries an annual fee. In fact, both will double the cash-back rewards you earn in the first year and provide a $20 statement credit for each school year your GPA is 3.0 or higher for up to 5 years.

Since Discover is an online bank, you won’t be able to visit a branch to do your banking. But you will have access to over 60,000 ATMs nationwide that you can use fee-free, and Discover never charges any fees for out-of-network ATM use.

Check out our Discover bank review for more details on this bank and its offerings.

Visit Discover Bank

4. Capital One 360

  • No monthly maintenance fees
  • No minimum opening deposit requirements
  • No overdraft transfer fees
  • $35 overdraft fee per item, charged only after the account has been overdrawn for one business day

The next best bank for college students is another online institution, Capital One 360. While this is primarily an online bank, Capital One still has several hundred branches throughout select states. Checking account holders also get free access to over 39,000 Capital One and Allpoint ATMs and won’t incur fees from Capital One for either in- or out-of-network ATM use.

This bank offers high-interest checking and savings accounts free of monthly fees that can fit a wide range of needs, including those of college students. As of Sept. 14, 2018, the APY on the 360 Checking account starts at 0.20% for balances under $50,000, while any balance in a 360 Savings account will earn interest at a 1.00% APY.

Capital One 360 also has a credit card option for college students, the Journey® Student Rewards from Capital One®. This credit card has no annual fee and gives you the chance to earn 1% cash back on all purchases — and earn a 25% bonus on cash back if you make on-time credit payments.

For more details on this bank, check out our Capital One 360 review.

Visit Capital One

5. U.S. Bank

  • No monthly maintenance fees
  • $25 minimum opening deposit
  • $12.50 overdraft protection transfer fee
  • $36 overdraft fee, maximum of four per day

U.S. Bank is the next major bank to make this list, and it’s a smart low-cost choice for students who want to be able to take care of their banking in-person. It has over 3,000 U.S. Bank branches and 5,000 ATMs.

Student Checking Account holders can use any of these U.S. Bank ATMs and MoneyPass network ATMs without incurring a surcharge, and the first four non-network ATM use fees are waived each month. Students will also get their first box of checks for free after opening their U.S. Bank checking account.

The bank also recommends its U.S. Bank Goal Savings Account as a smart option for students. This account prompts you to set a savings goals and figure out how much you’ll need to save each month to reach it. The Goal Savings Account has no monthly maintenance fee, though you must transfer $25 or more from a U.S. Bank checking account into savings each month.

The U.S. Bank Secured Visa is designed for consumers who are building credit, which could make it a smart option for many college students who have this goal. The Student Checking Account also provides access to free credit score estimates, along with tips to build credit.

Visit U.S. Bank


  • No monthly maintenance fees
  • No minimum opening deposit requirements on USAA Classic Checking, $25 opening deposit for a USAA Savings account
  • No overdraft transfer fees
  • $25 overdraft fee, limit two per day

USAA is a military online bank that offers membership to military members and their families. If you’re eligible for membership (USAA has a quiz to help you find out if you are), USAA can be a great option for college banking. USAA offers some products to nonmilitary customers, too, so check it out before assuming you’re ineligible.

A big reason for this is USAA’s low costs on its core checking and savings account offerings. Not only does it have no account maintenance fees, but it also doesn’t charge fees for the first 10 ATM transactions each month. And if a bank charges you to use its ATM, USAA will reimburse you for that fee, up to $15 a month.

USAA was the bank I used while enrolled in college (I was eligible thanks to my grandfather’s service in the U.S. Air Force). The fee-free experience made a big difference in my budget, helping me get access to my funds from an ATM when needed without worrying about the costs. This bank has also earned a stellar reputation for customer service, which I definitely experienced when banking with USAA as well.

Visit USAA

7. BB&T

  • No monthly maintenance fees
  • No minimum opening deposit requirements
  • $12.50 overdraft transfer fee, limited to one per day
  • $36 overdraft fee per item paid up to six per day, and an additional $36 fee if the account is overdrawn for seven days

BB&T Student Checking is a free, no-frills option that’s open to college students 23 or younger. You can use a Student Checking and linked eSavings account without worrying about fees or minimum balances.

Student Checking members can use over 3,100 BB&T ATMs for free. Use of a non-BB&T ATM will incur a $3 fee from the bank, but this is waived for the first two transactions you make each statement.

Watch out for overdraft fees on your BB&T student account — at $36 each, students could quickly rack up more of these fees than they can afford. The Student Checking account is also only open to young college students, so consider other options if you’re 24 or older.

Visit BB&T

8. TD Bank

  • No monthly maintenance fees
  • No minimum opening deposit requirements
  • No overdraft transfer fees
  • $35 overdraft item fee, limited to five fees per day

TD Bank offers its free TD Student Checking account with no monthly maintenance fee to full-time college students who are 23 or younger. Students who hold this account can also qualify to have the monthly maintenance fee waived on a linked TD Simple Savings account.

To get the most out of this account, watch out for overdraft fees — at $35 each, they can definitely set back your budget. Consider opting out of overdraft protection or setting up Savings Overdraft Protection to avoid getting hit with these fees. It’d be wise to find the nearest TD ATM to you as well, since TD Bank charges a $3 fee for using non-TD ATMs.

TD Bank

9. Bank of America

  • Monthly checking account maintenance fee waived for students younger than 24
  • $25 minimum opening deposit
  • $12 overdraft transfer fee
  • $35 overdraft fee, limit of four per day

Bank of America wouldn’t be my first recommendation to a typical consumer since the bank ended its free checking program. But it will waive its usual $12 monthly fee on its Core Checking account for students, which makes it a free and convenient way for many young people to bank.

Bank of America doesn’t have a free savings account option for students, but you might still want to consider its Rewards Savings Account. Its “Keep the Change” feature rounds amounts on purchases made in a linked checking account up to the nearest dollar and transfers them into the savings account. You can open an account with an opening deposit of $100, and the $8 monthly fee is waived for the first six months and can be waived after that by maintaining a balance of at least $500.

Another product students might want to check out is the BankAmericard® Credit Card for Students. This accessible card is perfect for students looking to build credit, with monthly FICO Score updates so you can track your progress. It’s a low-cost card, too, with no annual fee, no balance transfer fee for the first 60 days, and a 0% introductory APR for the first 15 months, then a variable 14.74% – 24.74% APR, as of Sept. 14, 2018.

Another big benefit of banking with Bank of America is that it has thousands of branches and ATMs around the U.S. Chances are good you can find one on or near your college campus, which can help you avoid the $2.50 fee incurred for each non-Bank of America ATM transaction.

Visit Bank of America

10. Chase Bank

  • No checking account maintenance fees for college students ages 17 to 24
  • $25 minimum opening deposit
  • No overdraft transfer fees
  • $34 overdraft fee limited to three per day, and $15 extended overdraft fee for every five days the account balance is negative

If your top concern is having access to in-person help with your bank accounts, Chase Bank might edge out your other options for top banks for college students. It has 5,100 branches around the U.S., as well as 16,000 Chase-branded ATMs — making it easy to get help when you need it (and dodge the $2.50 fee levied for using non-Chase ATMs).

Chase Bank’s usual monthly service fee on its Chase College Checking account is $6, but college students ages 17 to 24 can open and use this account for up to five years while enrolled.

Chase often runs promotions offering checking account bonuses for new customers who complete certain actions, such as setting up direct deposit of their paychecks, enrolling in paperless statements, or completing a certain number of transactions with a debit card. Before opening a Chase checking account, see if you could take advantage of such an offer.

Lastly, college students should know that Chase doesn’t provide a free savings account option to them. The Chase Savings account has a $5 monthly fee that may be waived if you have a balance of $300 or more, or if you set up an automatic monthly transfer of at least $25 from checking to savings.

Find out more about this option in our complete Chase Bank review.

Visit Chase

Don’t overlook accounts at credit unions

The above online and traditional banks provide some awesome options for college students. But we would be remiss if we didn’t mention another option for banking in college: credit unions.

Local and college credit unions are co-operative, nonprofit institutions that work just like a bank — except when it comes to setting priorities. While banks are for-profit and focused on making money, credit unions are designed to reinvest funds back into services, low costs, and features that benefit members.

The result is that many credit unions have terms, features, and interest rates that beat what you’d be offered by a bank. Some colleges even have their own credit unions you can join, or you can look for one in your area that you’re eligible to join.

To find the best banks for college students, consider a wide range of options while prioritizing the features that matter most to you. Doing so will help you find the right bank for college, and possibly help you build a relationship with a bank you’ll trust for life.

Student Loan Hero has independently collected the above information related to these financial products. These financial Institutions have neither provided nor reviewed the information shared in this article prior to publication.

Interested in refinancing student loans?

Here are the top 8 lenders of 2020!
LenderVariable APREligible Degrees 
Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.20% APR (with Auto Pay) to 6.99% APR (with Auto Pay). Variable rate loan rates range from 1.99% APR (with Auto Pay) to 6.89% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of December 13, 2019, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 12/13/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.46% APR (with AutoPay) to 7.61% APR (without AutoPay). Variable rates currently from 2.31% APR (with AutoPay) to 7.61% (without AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.31% APR assumes current 1 month LIBOR rate of 2.31% plus 0.75% margin minus 0.25% for AutoPay. If approved for a loan, the fixed or variable interest rate offered will depend on your credit history and the term of the loan and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

3 Important Disclosures for Figure.

Figure Disclosures

Figure’s Student Refinance Loan is a private loan. If you refinance federal loans, you forfeit certain flexible repayment options associated with those loans. If you expect to incur financial hardship that would impact your ability to repay, you should consider federal consolidation alternatives.

4 Important Disclosures for College Ave.

College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1College Ave Refi Education loans are not currently available to residents of Maine.

2All rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

3$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

4This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 1/1/2020. Variable interest rates may increase after consummation.

5 Important Disclosures for Laurel Road.

Laurel Road Disclosures

Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.


There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.


For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section below), Lender will refinance up to $50,000 in loans for non-ParentPlus refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum, refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for more information about refinancing ParentPlus loans.


Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.

All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for applicable terms and conditions.

For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.


The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.


The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.


After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.

We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.

We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.

If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.


This information is current as of November 8, 2019 and is subject to change.

6 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers.

7 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 1.76% effective November 10, 2019.

8 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 12/019/2019 student loan refinancing rates range from 1.90% to 8.59% Variable APR with AutoPay and 3.49% to 7.75% Fixed APR with AutoPay.

1.99% – 6.89%1Undergrad
& Graduate

Visit Earnest

2.31% – 7.36%2Undergrad
& Graduate

Visit SoFi

2.06% – 6.81%3Undergrad
& Graduate

Visit Figure

2.62% – 6.12%4Undergrad
& Graduate

Visit College Ave

1.99% – 6.65%5Undergrad
& Graduate

Visit Laurel Road

1.99% – 7.06%6Undergrad
& Graduate

Visit Splash

1.85% – 6.13%7Undergrad
& Graduate

Visit CommonBond

1.90% – 8.59%8Undergrad
& Graduate

Visit Lendkey

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.