8 Cheap Getaways for an Epic Memorial Day Weekend

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cheap getaways memorial day weekend

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Last year, more than 39 million Americans traveled during the Memorial Day holiday weekend, according to information compiled by data website Statista.

If you’re looking for a getaway without breaking the bank, there are several options for a short break from your “real” life this Memorial Day. Here are eight affordable three-day weekend destinations.

1. Catalina Island, California

catalina island

Catalina Island has something for everyone. According to the Catalina Island Chamber of Commerce, activities include golfing, hiking, museums, shopping, fishing, paddleboarding, and parasailing.

There also are plenty of family-friendly activities, including a glass-bottom boat tour, and, of course, beautiful beaches. Even though it can be pricey to spend time on Catalina Island, there are ways to save money.

Look ahead for deals and coupons on riding the ferry to get to the island. You can expect to pay more than $70 for a round-trip fare. You might be able to get a break if you get a package through one of the hotels on Catalina Island.

There are campgrounds and public beaches, as well. If you have your own snorkeling gear, you can plan your own side trip. Plus, there’s a nature center at Avalon Canyon with free admission.

The best prices on hotel rooms will be for those that aren’t on the island. You can stay in hotels in California towns near ferry terminals for less than $100 a night. A hotel room on Catalina Island, though, can cost you more than $300 a night. If you’re trying to save money, you might be better off getting a room in Wilmington or San Pedro and going to Catalina for a day trip.

You can snag a spot an Airbnb for close to the same cost, with the advantage of getting the whole house instead of a room. The sharing economy has transformed travel by making it more affordable.

If you’re bringing your family and want more space, an Airbnb can be the right solution. In fact, consider booking an Airbnb in San Pedro, for less than $200 a night. That way, you can spend one day on Catalina Island and one in the San Pedro area.

2. Honeyman Memorial State Park, Oregon

honeyman memorial state park

Image credit: Flickr

If you love the outdoors, the Jessie M. Honeyman Memorial State Park in Oregon can be a great choice for the Memorial Day weekend.

Year-round camping and day use are both available. Tent sites start at $21 each per night, or you can book a yurt starting at $46 per night. There also are group tent sites and full hookup spots for those with RVs. Other facilities, including picnic shelters and a meeting hall, are available for reasonable rates.

You can enjoy a range of activities from hiking and biking to swimming, fishing, and kayaking. There’s a boat ramp for larger watercraft along with hot showers and a playground. All this can make your Memorial Day weekend fun and frugal with no trouble.

3. New Orleans, Louisiana

new orleans

Looking for something a little more upbeat? New Orleans might be just the place for you.

I’ve visited New Orleans a few times and have always been able to find low-cost and fun opportunities. One my favorite ways to enjoy the city is to walk around the French Quarter and the Garden District. It costs nothing to look at the architecture and all the beautiful homes. Plus, you can find a lot of low-cost places to eat, including the famous Cafe Du Monde with its famous beignets.

Other cheap things to do, according to the New Orleans Tourism Marketing Corp., include:

  • The Old U.S. Mint, home to the New Orleans Jazz Museum, has free admission.
  • Hop on the streetcar for $1.25 (exact change needed) per ride. You can get Jazzy Passes for streetcars and buses for one, three, five, and 31 days if you plan to use public transit a lot during your visit.
  • Check out the cemeteries. I loved my visit to Lafayette Cemetery No. 1. You also can sign up for a haunted cemetery tour. It’s possible to book some tours for as little as $16 per person, although others cost almost $50 or more.
  • Browse the New Orleans Botanical Garden. It costs $8 for an adult admission.
  • If the weather is nice, you can enjoy the Lafitte Greenway, which has beautiful bike and walking paths connecting different neighborhoods.

You can stay in French Quarter hotels for a little more than $200 a night. If you’re more adventurous, the City House Hostel New Orleans can cost $165 per night. Save money by staying farther out. For example, some hotels in Slidell cost around $60 a night.

Don’t forget to check out Airbnb. You can get a whole place to yourself for around $100 per night. If you’re going solo or with one other person, you might be able to get a private room for under $50 per night.

No matter what you do, you’ll never be bored in New Orleans — even if you don’t spend much money.

4. Cape Cod, Massachusetts

cape cod

Cape Cod is always beautiful. Along the National Seashore, you’ll find many sandy beaches, marshes, lighthouses, hiking trails, and ponds for a variety of activities. It’s possible to swim, fish, bike, paddle, and enjoy cultural experiences anywhere around the National Seashore and wider Cape Cod area.

If you plan to drive over beaches accessible to motor vehicles, you’ll need a permit, which can cost $50 or $75 for seven days. The number of permits is limited, so it’s a good idea to get yours early if you want it for Memorial Day.

Even if you don’t get into the water, there’s plenty to do in Cape Cod. Attractions that offer interesting experiences and good views include:

  • Pilgrim Monument
  • Highland Light and other lighthouses
  • Cape Cod Rail Trail
  • Whydah Pirate Museum
  • Sandwich Glass Museum
  • The Adventure Park at Heritage Museums & Gardens

Most of these activities are inexpensive, costing less than $20, and many are free. The Adventure Park is an exception, with a ticket costing around $60.

There are plenty of towns along Cape Cod, making it easy to find inexpensive places to eat and shop. Plus, it’s fun to wander around and feel like you’re entering the past.

You can find hotel rooms in the Cape Cod area for under $100 per night. If you want more space, you can find little cottages through Airbnb for between $100 and $150 per night.

5. Atlantic City, New Jersey

atlantic city

Pick up the pace a bit when you visit Atlantic City. It’s a fun combination of old architecture and new amusements, and you can get your fill of just about anything in one place. The Casino Reinvestment Development Authority says there are several activities for under $20 as well as free attractions, such as:

  • Atlantic City beaches (free)
  • Atlantic City Boardwalk (free)
  • Crafters Village (free)
  • Civil Rights Garden (free)
  • Atlantic City Aquarium ($10)
  • Haunted Tales (different services from $1 to $17.50 for two people)
  • Ripley’s Believe It or Not ($16.99)

You can rent bicycles for a small fee and ride the boardwalk, or take reasonably priced tram rides. This allows you to pick and choose your experiences while in Atlantic City.

And, of course, there are lots of casinos and other opportunities to lose your money in games of chance.

Staying at one of the resort casinos can get pricey ($200 to $300 per night or more), but there are many low-cost hotels in the area for $70 to $80 a night.

Prices for entire homes or apartments in Atlantic City can cost between $100 and $300 per night. You can get a better deal for a private room. For less than $100 per night, an Airbnb private room might get you closer to the boardwalk or casinos.

6. Austin, Texas

austin texas

Austin is a cool town with plenty to offer. Enjoy the nightlife on 6th Street over the weekend where live music spills out into the street and there’s plenty to see and do. Even spending money on a few drinks or some food won’t set you back too much. I was able to snag a late-night slice of pizza for less than $3.

If you’re looking for free or cheap things to do in Austin, TourTexas has suggestions:

  • Butler Trail biking and walking (free)
  • Barton Springs Pool swimming ($8 for adult nonresidents)
  • Zilker Park picnic, walking, other activities (free, but some activities might have a small fee)
  • HOPE Outdoor Gallery park for graffiti art (free)

Those with a little money to spare can rent a canoe, standup paddleboard, or kayak. Rentals at Lady Bird Lake run about $18 per hour or $54 for the whole day. It’s possible to use your watercraft to access Barton Springs from Lady Bird Lake on your self-powered watercraft, as I found out during my excursion.

You could pay between $125 and $150 per night if you stay at a hotel in downtown Austin. If you’re willing to stay further out, you can find hotel rooms for closer to $60 or $70 per night.

With Airbnb, you can find whole apartments for $50 to $100 per night. Adventurous types who don’t mind sharing can couch surf for as little as $19 per night.

7. Charleston, South Carolina

charleston south carolina

Looking for a little southern charm and hospitality? Charleston offers a great three-day weekend opportunity. A lot of history and interesting architecture provide ample opportunities to wander around to see the interesting sights — no charge for looking.

If you want more direction, here are a few fun ideas for affordable activities in the area:

  • The Charleston City Market and King Street offer plenty of shopping opportunities to admire and buy at reasonable prices.
  • The Citadel military campus has extensive grounds to wander, and if you’re lucky you might catch a dress parade.
  • The Battery is a waterfront park with room for picnics, monument-visiting, and exploring. Kids can climb on the cannonballs. Plus, the Battery is surrounded by mansions that are a treat to look at.
  • Angel Oak is a must-see. Estimated to be more than 400 years old (some people claim it’s 1,500 years old), the tree spreads its branches over beautiful scenery.
  • Folly Beach offers chances to sit near the water and visit the nearby pier.
  • Sign up for a free walking tour of Charleston, based on a theme of your choice. There are ghost tours, harbor tours, Civil War tours, and more. The tours are free, but you might want to give your guide a generous gratuity.

Charleston is an affordable city, with food and shopping ranging from cheap to expensive. There’s something for almost every taste and budget.

Staying in a Charleston hotel will set you back by around $90 per night. If you don’t mind spending more, you can stay at one of the many little inns and bed-and-breakfast establishments around the city. One of them, the Battery Carriage Inn, runs about $300 per night — and there’s a three-night minimum.

Airbnb offers a good chance to find homes or apartments for between $150 and $200 per night. Or get a private room and save money with prices closer to $70 to $80 per night.

8. Mackinac Island, Michigan

mackinac island michigan

Looking for something quaint and fun in the upper Midwest for the Memorial Day weekend? Mackinac Island has you covered. You’ll have to make special arrangements to get there since the island is in Lake Huron. Round-trip ferry tickets can be as cheap as $24 for adults. Look for family deals and multiday passes to get better rates.

There’s plenty to do on Mackinac Island, much of it affordable, according to the Mackinac Island Tourism Bureau:

  • Island tours (on foot, bike, or a rented drive-yourself buggy)
  • Ste. Anne Catholic Church museum
  • Surrey Hill Square Carriage Museum
  • Straits of Mackinac (fishing)
  • Fort Mackinac and Fort Holmes

Consider spending time at Mackinac state parks. There are several attractions, with many costing less than $15 for an adult admission. You can also buy combo packs. Depending on what you want to see and how many people are in your party, it might be worth getting a Family Heritage Pass for $85. It includes admission to all the historic sites for two adults and all dependent children.

Shops and eateries have reasonable prices, and there’s often something going on to provide visitors an interesting spectacle.

If you don’t mind camping on the mainland and taking the ferry over for a day, you can save quite a bit of money. Some campgrounds cost as low as $30 for two nights. You might pay more, depending on the size of your site and the availability of electricity.

Stay in a hotel on the mainland in a town like St. Ignace, and you’ll pay $70 to $80 a night. Want to stay on the island? You’d pay $200 or more in many cases.

Airbnb offers affordable stays on Mackinac Island, with accommodations ranging from a luxury tent ($60 per night) to an entire cottage ($136 per night).

Other ideas for an affordable Memorial Day weekend getaway

If you’re “on a budget, your destination should be somewhere you can drive to, not have to fly to,” said travel filmmaker and adventure expert JJ Yosh.

If you don’t live close enough to drive to one of the best Memorial Day weekend getaways, you can create your own trip. Here are three ideas for enjoying an affordable three-day weekend, even if you don’t go far out of town.

1. Stick to nature

“Research interesting geologic features in your state, or pick one nearby, and plan out your route to get there,” Yosh said. “Speaking of the route, this is part of your epic trip. Take the scenic way and stop as much as you want.”

Yosh also suggested checking out any wildlife refuges, hiking trails, and state or national parks. Being outside doesn’t cost much. Bring a picnic lunch and camp along the way (or stay in cheap local hotels) to have a road trip the entire family can enjoy.

2. Go as a group

Plan a trip with other families or couples, recommended Jeff Manheimer, the co-founder of travel aggregation website Tripping.com. That way, you can split costs, including the price of a vacation rental and groceries to prepare food.

“Unlike a hotel room, a vacation rental offers common areas where everyone can gather and enjoy cheap meals at home, rather than paying for expensive restaurants,” Manheimer said.

You often can get a vacation rental for $500 to $1,000 for the entire getaway, he said. Divide that cost among families, couples, or individuals to make your weekend more affordable.

If you have the stomach for it, consider looking for last-minute deals, although that can be harder during a busy time like Memorial Day.

3. Be a tourist in your own city

Often, you tend to take the place you live in for granted. Last year, my son and I took a day trip to a local state park (you can buy a two-year state park pass for $20 with vehicle registration in Idaho) and stopped for burgers and shakes on the way home. And we did a different cheap, local excursion on each of the next two days. That Memorial Day fun cost a total of less than $75.

“Go online and Google the top things to see and do in your city,” said Natalie Tanner, the founder of The Educational Tourist, a kid-friendly travel website. “You’ll be surprised to find new things, even if you’ve lived in a place for a long time.”

She suggested taking along snacks to cut down costs. If you decide to drive, create special activities or listen to an audiobook. Try to find ways to connect with your travel mates, especially if you’re traveling with kids. Part of the fun of a Memorial Day weekend is making memories, rather than spending time playing games on a smartphone.

You can use this strategy for the next town. Choose a place within a two- or three-hour drive and explore. Get up, drive, see the sights, and then stay a night in an inexpensive hotel. The next day, spend a few more hours sightseeing before you drive back home. After a quick trip, you can spend the third day of the holiday weekend relaxing at home.

Don’t break the bank on Memorial Day

Even if you have student loan debt, you can travel during the Memorial Day weekend. You have to plan ahead and be frugal. By choosing small- to mid-sized cities in different parts of the U.S., you can save money on everything from activities to lodging to food.

If you can’t swing a trip to a faraway city, consider staying close to home. Memorial Day weekend is a perfect time to explore your own city or state, go camping, or just goof around making memories at a family reunion.

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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 3.89% APR (with Auto Pay) to 6.97% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.30% 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 Month/Day/Year, 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 08/21/18. 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 ourstudent loan refinance product.

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2 Important Disclosures for Laurel Road.

Laurel Road Disclosures

APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.

Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.

However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.

3 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.899% APR to 7.979% APR (with AutoPay). Variable rates from 2.470% APR to 6.990% APR (with 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 2.470% APR assumes current 1 month LIBOR rate of 2.30% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, 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. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score.
  2. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

4 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.

5 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 2.28% effective October 10, 2018.

6 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate Disclosure: Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of November 1, 2018, the one-month LIBOR rate is 2.29%. Variable interest rates range from 2.79%-8.39% (2.79%-8.39% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.75%-8.69% (3.75%-8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
  2. Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans and replace those with the benefits of the Education Refinance Loan. For more information about federal student loan benefits and federal loan consolidation, visit http://studentaid.ed.gov/. We also have several resources available to help the borrower make a decision at http://www.citizensbank.com/EdRefinance, including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
  3. Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled. Applicants with an Associate’s degree or with no degree must have made at least 12 qualifying payments after leaving school. Qualifying payments are the most recent on time and consecutive payments of principal and interest on the loans being refinanced. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a cosigner who is a U.S. citizen or permanent resident. The cosigner (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a cosigner will be required. Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
  4. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  5. Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
  6. Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.

2.47% – 6.99%3Undergrad
& Graduate

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. 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 understand what you are buying, and consult 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. Please do your homework and let us know if you have any questions or concerns.