The Ultimate Beginner’s Guide to Managing Money

Advertiser Disclosure

Student Loan Hero Advertiser Disclosure

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.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

how to manage your money

We’ve got your back! Student Loan Hero is a completely free website 100% focused on helping student loan borrowers get the answers they need. Read more

How do we make money? It’s actually pretty simple. If you choose to check out and become a customer of any of the loan providers featured on our site, we get compensated for sending you their way. This helps pay for our amazing staff of writers (many of which are paying back student loans of their own!).

Bottom line: We’re here for you. So please learn all you can, email us with any questions, and feel free to visit or not visit any of the loan providers on our site. Read less

You dread those cash-strapped days between your balance hitting $0 and your next paycheck hitting your bank account. You’re also in constant fear of an unexpected expense that’ll put you in the hole.

If that sounds like you, you’re not alone. Many people are stressed about money and barely making ends meet. In fact, Nearly 60 percent of Americans don’t have enough cash on hand to cover a $500 expense, according to a 2017 Bankrate survey.

However, you’ve probably noticed other people doing well. Maybe you’ve even wondered what their secret to making the most of their money is.

The truth is, how to manage your money effectively isn’t a secret formula  it all comes down to three core principles and disciplined behavior. Here’s a crash course in overhauling your money management skills to set yourself up for financial success.

1. Live within your means

If you consistently spend more than or about equal to what you make, you’re among the majority of Americans, according to the most recent National Financial Capability Study (NFCS) released by the FINRA Investor Education Foundation.

But the first principle of healthy money management is to live within your means, which means spending less than your take-home pay. Start small with these steps.

Track your cash flow

First, you’ll need to know what your cash flow (the money coming into and going out of your accounts) looks like.

Start with your income. If you’re salaried or have predictable paychecks, then you already have a good idea of your usual take-home pay. For paychecks that fluctuate because of varied hours, tips, or commissions, find the average income you earn.

Next, you’ll need to start tracking where you money is going. Start by reviewing statements from your bank account, credit cards, and receipts. Then, classify purchases as the following:

  • Fixed living expenses: These expenses are the same each month, such as rent, insurance premiums, or a car loan payment.
  • Necessary costs: These expenses can fluctuate from month to month, such as utilities, gas, or a grocery budget.
  • Other categories of spending: Common non-necessary spending includes personal care, entertainment purchases, dining out, and so on.

Pay every bill on time

Once you know how much money is coming in, where it’s going, and in what amounts, create an accurate list of bills and financial obligations you need to pay each month. That way, you can make sure you pay each one in full and on time.

If you don’t have enough money to pay your bills, triage your money. Prioritize costs that are urgent or important to keeping you employed and everyone in your family healthy.

Also, talk to your lender or service provider before missing a payment. It might be willing to extend your due date, suspend service for a month, or otherwise work with you.

If you have enough money to cover your bills each month, you can take steps to make payments less of a hassle. Set up automatic transfers to simplify your finances and make sure you’re always paying on time. Turn on text or email alerts to notify you of upcoming bills.

Ultimately, making on-time payments is the best way to build credit. Paying on time also will protect you from budget-busting late fees, overdraft fees, or penalty APRs. And perhaps most importantly, paying your bills on time will significantly lessen your overall financial stress.

Set up a budget

A budget is an incredible tool to help you decide the best way to use your money — and make sure it ends up where it needs to go.

Explore some different budgeting systems to make the most of your dollars. Here are some ideas to get you started.

The cash-only or envelope system

Take out the money you’ve budgeted for each category and keep the cash in separate envelopes. When the cash is gone from an envelope, you can’t spend any money until next month.

Why it works: This system can make your dollars more real to you and naturally decrease your impulse spending.

Zero-sum budgeting

Assign a job to each dollar that comes into your account to cover a specific cost or accomplish a financial goal. You can use it for a bill, add it to a budget category, or transfer it to a savings fund.

Why it works: This system can help you make the most of limited funds and maximize each dollar.

The 50-30-20 budget

With this budget, 50 percent of your take-home pay is spent on needs, 30 percent on wants, and 20 percent on saving or paying off debt.

Why it works: This system can be smart for people who want a flexible spending plan that’ll get them closer to their financial goals.

Budgeting apps

Technology can help automate a lot of the budgeting work. You can opt for a simple spreadsheet or use a free budgeting app like Mint. Subscription-based apps like You Need a Budget and Every Dollar also can help you save more than you spend on them.

Why it works: In addition to setting up your budget, these apps can help you make a habit of easily checking your spending and ensuring you’re on track. You can even see how to make adjustments to your spending to come up with a little extra money each month for a specific goal.

Grow your disposable income

As you play around with your budget, you’ll become more aware of how your spending and choices affect your overall financial situation.

Once you understand your costs and make on-time payments, you’ll be ready to try to increase your disposable income. Your disposable income is the amount that’s left over each month after bills are paid — funds you can decide how to spend.

Here’s how to get started:

  • Start small. Finding even $15 extra dollars in your budget can be encouraging if you’re used to going in the red each month.
  • Identify some money sucks in your budget. You’re likely sinking cash into a few things you don’t use, such as that neglected membership to a high-end gym. Cut some of these costs to painlessly increase your disposable income.
  • Don’t overlook big expenses and bills. If your car payment is too high, for example, it might be time to sell the car and swap it for a cheaper, used model.

Then, look for immediate opportunities to earn extra money, such as picking up an extra shift at work, volunteering for overtime, or starting a side hustle. Also think about how you can work toward a raise or better career opportunities in the next six months to a year.

Build a basic emergency fund

Having a small savings buffer in place is crucial for protecting yourself against emergency setbacks, such as necessary car repairs or medical expenses. Try to build an emergency fund of $1,000 or a month’s worth of expenses — whichever is greater.

Having an emergency fund will decrease your panic when an urgent expense arises. It also will prevent costly money mistakes like overdrafting your account and getting hit with a fee or feeling cornered into credit card debt you can’t immediately repay.

2. Create a strategy for covering debt and credit costs

A huge part of managing money is knowing when borrowing makes sense and when you can’t afford it.

Being in debt means paying a major cost: interest. It also means a big portion of your budget is eaten up by payments you can’t cancel or change. That’s why paying off and avoiding debt is a core principle for how to manage your money. Here’s how you can get started.

Detail your debt, from balance to terms

I once interviewed a source about her debt payments. She had a personal loan, but the figures she cited didn’t add up. She double-checked, and, sure enough, her loan term was actually seven years, not the three she stated.

Americans tend to underestimate how much they owe on their unsecured debt, according to a 2015 study from the New York Federal Reserve Bank. Consumers reported having 40 percent less credit card debt than they actually had and 25 percent less student debt.

Even if you have a general idea of how much you owe, it’s important to get the hard facts on your debt. You won’t be able to make an informed choice when managing your debt if you don’t know how much you owe or how long you’ll be repaying it.

You can find out all this information by:

  • Logging in to your account online
  • Calling your lender or credit issuer
  • Reviewing your credit report to get a detailed picture of your various loans, credit cards, or lines of credit

Once you have all this information, create a list of each individual debt, including the following details:

  • The lender that holds the debt and what kind of debt it is
  • The current balance for each debt
  • The monthly minimum payment and the date it’s due
  • The remaining length of the loan
  • The APR or interest rate

Pay extra on your debt

There are several benefits to paying more than the minimum on your debt. You’ll pay off each balance faster, which will lower the total interest you pay on the debt. Plus, whenever you pay off a debt in full, you’ll eliminate a monthly payment and increase your cash flow.

If you’ve freed up some money in your budget with the above steps and have your bank account buffer in place, consider using those discretionary funds to make extra payments on your debt beyond the monthly minimum.

If you’re looking for the right debt repayment strategy for you, read up on the debt snowball and debt avalanche methods. They can be effective for prioritizing extra payments and building momentum.

You also can use our debt prepayment calculator to see how much money and time your extra payments can save you.

Check and understand your credit

Part of managing your debt is managing your credit.

Your credit is the history of the money you’ve borrowed and your behavior with regard to repaying this debt. It’s measured and represented by your credit score, which plays a huge role in the kinds of credit and loans you qualify for, including what interest rates you’re charged.

Take some time to request your free credit reports and check your credit score. There are many free tools that make it easy, including:

The better your credit, the more likely you’ll be able to leverage it to get the best deals and interest rates on loans. In other words, good credit gives you more financial options.

Learn about credit management, including what you need to do to build good credit. The image below outlines which factors affect your FICO score, for example, which is the credit score most commonly used by lenders.

how to manage your money

Image credit:

Understanding how your credit score is calculated also will help you find ways to give it a boost. For example, it’s important to always make on-time debt payments and limit borrowing.

Get uncomfortable about taking on debt

Lastly, adjust your attitude about debt. Become less comfortable about swiping your credit card, financing a car, or relying on a home line of credit to fund a home improvement project.

Remember: Paying with credit will add to your costs and make your purchases more expensive.

For example, if you take a vacation, charge it to your credit card with a 20.00% APR, and then repay it over the next year, you’ll end of paying a fifth more than someone who paid in cash.

Get in the mindset of planning and saving for small purchases instead of charging them to credit. And become familiar with the best practices of spending with a credit card, such as paying off your balance in full each month.

You’ll keep more of your money, widen the margins in your budget, and increase your opportunities to invest your funds and earn interest — rather than pay it.

3. Work toward a secure financial future

Your plan to manage money should cover the basics, yes. But the real magic of working on how to manage your money will happen when you make your money work for you.

By building a solid foundation and planning ahead, you’ll create a path toward a higher net worth and achieve important life goals. Here are the steps that’ll help you build lasting financial security.

Build out three to six months’ worth of emergency savings

With a small emergency fund in place, you’re prepared to roll with the punches. But what about the financial crises that are knock-down, drag-out struggles? A major medical procedure or long-term unemployment can force you to rely heavily on your savings for a while.

To weather these storms, you need to have more money saved. In most cases, an emergency fund of three to six months will keep you on your feet — and out of debt — as you find a way forward.

Make sure you’re adequately insured

Your insurance policies are another important piece of your financial safety net. When the worst happens — from a car accident to a medical emergency — insurance can give you invaluable peace of mind.

Take some time to review your insurance policies to make sure you have enough coverage in these areas:

  • Health insurance
  • Car insurance (if you own a car)
  • Homeowners insurance or renters insurance
  • Life insurance

If you’re missing any of these forms of insurance, you should look into getting them. You also might want to supplement them with disability insurance, dental insurance, or even pet insurance.

Start saving for retirement

Another important financial goal is to start socking money away for retirement.

It might seem like retirement is far away and you’ll have plenty of time to save. But thanks to the power of compounding interest and returns, money you save now will be worth much more than money you save later.

Try these baby steps to save for retirement:

  • Open a retirement account. If your employer offers a retirement account, that could be a good place to start. Otherwise, you can open an individual retirement account (IRA) on your own.
  • Automate retirement savings transfers. Set up an automatic savings transfer to your retirement account each month or every paycheck. Your employer might be able to automatically deposit a portion of your check in a retirement account, or you can set up automatic transfers from your checking account.
  • Claim the maximum employer match. Many companies will match workers’ contributions to retirement accounts. If you’re lucky enough to have this benefit, save enough to get the max matched amount — it’s basically free money for retirement.
  • Start getting educated on retirement. Saving for retirement is a long process, one that’s often tied up in the complexities of tax codes and investing. Fortunately, that gives you time to research answers to your retirement questions and learn how to maximize your savings.

As you work to manage money better, the benefits will extend far beyond your bank account.

By saving up, you’ll have more resources at your disposal — which means more financial freedom and less money stress.

Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
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: 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 5.87% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 5.87% 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, email us at, or call 888-601-2801 for more information on ourstudent 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 Laurel Road.

Laurel Road Disclosures

  1. VARIABLE APR – APR is subject to increase after consummation. 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.

3 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.899% APR to 8.179% APR (with AutoPay). Variable rates from 2.570% APR to 6.980% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. SoFi rate ranges are current as of September 14, 2018 and are subject to change without notice. See APR examples and terms. Lowest variable rate of 2.570% APR assumes the current index rate derived from the 1-month LIBOR of 2.08% plus 0.740% margin minus 0.25% AutoPay 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. (

4 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via 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 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 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

  1. Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each in-school loan product reflects the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, and the applicable Repayment Plan. All loans are eligible for a 0.25% reduction in interest rate by agreeing to automatic payment withdrawals once in repayment, which is reflected in the interest rates and APRs displayed. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of 2.08% effective July 25, 2018.

6 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate DisclosureVariable 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 August 1, 2018, the one-month LIBOR rate is 2.07%. Variable interest rates range from 2.57%-8.17% (2.57%-8.17% 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 We also have several resources available to help the borrower make a decision at, 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, must be in repayment of their existing student loan(s) and must make the minimum number of payments after leaving school. 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 co-signer who is a U.S. citizen or permanent resident. The co-signer (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 co-signer 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.
  7. Estimated average savings amount is based on 14,659 Education Refinance Loan customers who saved on loans between August 1, 2017 and July 31, 2018. The calculation is derived by averaging monthly savings across Education Refinance Loan customers whose payment amounts decreased after refinancing, calculated by taking the monthly payment prior to refinancing minus the monthly payment after refinancing. We excluded monthly savings from customers that exceeded $4,375 and were lower than $20 to minimize risk of data error skewing the savings amounts. Savings will vary based on interest rates, balances and remaining repayment term of loans to be refinanced. Borrower’s overall repayment amount may be higher than the loans they are refinancing even if monthly payments are lower.

2.57% – 6.98%3Undergrad
& Graduate
Visit SoFi
2.47% – 5.87%1Undergrad
& Graduate
Visit Earnest
2.47% – 8.03%4Undergrad
& Graduate
Visit Lendkey
2.80% – 6.22%2Undergrad
& Graduate
Visit Laurel Road
2.48% – 6.25%5Undergrad
& Graduate
Visit CommonBond
2.57% – 8.17%6Undergrad
& Graduate
Visit Citizens
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.