If you’re a student in the United States of America looking for financial aid, you’re not alone. The cost of education and living expenses can add up quickly, leaving students in need of financial assistance. Thankfully, there are a variety of loan apps available that cater to students. In this article, we’ll be discussing the best loan apps for students in the United States of America that are free to use.
Understanding Loan Apps for Students
Before we dive into the specifics of the best loan apps for students, it’s important to understand what these apps are and how they work. Loan apps are essentially mobile applications that allow you to borrow money directly from a lender. These apps often have low-interest rates and flexible repayment plans, making them an attractive option for students who need financial aid.
1. Sallie Mae
Sallie Mae is one of the most well-known loan apps for students in the United States of America. This app offers a variety of loan options for students, including undergraduate loans, graduate loans, and career loans. The app also offers a range of repayment options, including deferred, interest-only, and fixed payments.
2. SoFi
SoFi is another popular loan app for students. This app offers a variety of loan options, including undergraduate loans, graduate loans, and parent loans. SoFi also offers a range of additional features, including career coaching, job placement assistance, and financial planning tools.
3. College Ave
College Ave is a loan app specifically designed for students. This app offers a variety of loan options, including undergraduate loans, graduate loans, and parent loans. College Ave also offers a range of repayment options, including deferred, interest-only, and fixed payments.
4. CommonBond
CommonBond is a loan app that offers a range of loan options for students. This app offers undergraduate loans, graduate loans, and MBA loans. CommonBond also offers a range of repayment options, including deferred, interest-only, and fixed payments. Additionally, CommonBond offers a unique feature that allows borrowers to have their loans funded by investors.
5. Earnest
Earnest is a loan app that offers a variety of loan options for students. This app offers undergraduate loans, graduate loans, and parent loans. Earnest also offers a range of repayment options, including deferred, interest-only, and fixed payments. Additionally, Earnest offers a unique feature that allows borrowers to customize their repayment plan based on their income and expenses.
6. LendKey
LendKey is a loan app that partners with community banks and credit unions to offer loan options for students. This app offers undergraduate loans, graduate loans, and parent loans. LendKey also offers a range of repayment options, including deferred, interest-only, and fixed payments. Additionally, LendKey offers a unique feature that allows borrowers to compare loan options from multiple lenders.
7. Discover Student Loans
Discover Student Loans is a loan app that offers a range of loan options for students. This app offers undergraduate loans, graduate loans, and parent loans. Discover Student Loans also offers a range of repayment options, including deferred, interest-only, and fixed payments.
8. Credible
Credible is a loan app that allows borrowers to compare loan options from multiple lenders. This app offers a variety of loan options, including undergraduate loans, graduate loans, and parent loans. Credible also offers a range of repayment options, including deferred, interest-only, and fixed payments.
9. Ascent
Ascent is a loan app that offers a variety of loan options for students. This app offers undergraduate loans, graduate loans, and parent loans.
10. NaviRefi
NaviRefi is a loan app that offers a unique loan option for students – the ability to refinance existing student loans. This app offers a range of repayment options, including fixed, variable, and hybrid plans. NaviRefi also offers a range of additional features, including career coaching and financial planning tools.
11. Upstart
Upstart is a loan app that offers a unique loan option for students – the ability to apply for a loan using non-traditional factors, such as education and work experience, rather than just a credit score. This app offers a range of loan options, including undergraduate loans, graduate loans, and personal loans. Upstart also offers a range of repayment options, including fixed and variable plans.
12. PNC Bank Student Loans
PNC Bank Student Loans is a loan app that offers a range of loan options for students. This app offers undergraduate loans, graduate loans, and parent loans. PNC Bank Student Loans also offers a range of repayment options, including deferred, interest-only, and fixed payments.
13. Citizens Bank Student Loans
Citizens Bank Student Loans is a loan app that offers a range of loan options for students. This app offers undergraduate loans, graduate loans, and parent loans. Citizens Bank Student Loans also offers a range of repayment options, including deferred, interest-only, and fixed payments.
14. SunTrust Student Loans
SunTrust Student Loans is a loan app that offers a variety of loan options for students. This app offers undergraduate loans, graduate loans, and parent loans. SunTrust Student Loans also offers a range of repayment options, including deferred, interest-only, and fixed payments.
15. Wells Fargo Student Loans
Wells Fargo Student Loans is a loan app that offers a range of loan options for students. This app offers undergraduate loans, graduate loans, and parent loans. Wells Fargo Student Loans also offers a range of repayment options, including deferred, interest-only, and fixed payments.
Conclusion
If you’re a student in the United States of America in need of financial aid, there are plenty of loan apps available to help you. From Sallie Mae to Wells Fargo Student Loans, there are a variety of options to choose from. Be sure to compare interest rates, repayment options, and additional features to find the loan app that’s right for you.
FAQs
Are loan apps for students safe to use?
- Yes, loan apps for students are safe to use as long as you choose a reputable lender.
Can I get a loan without a co-signer as a student?
- It depends on the lender and your credit history. Some lenders offer loans to students without a co-signer, while others require one.
Can I refinance my student loans with a loan app?
- Yes, some loan apps offer the ability to refinance existing student loans.
How much can I borrow with a loan app for students?
- The amount you can borrow with a loan app for students depends on the lender and your creditworthiness.
Are there any fees associated with using loan apps for students?
- Some loan apps may charge fees, such as origination fees or late fees, so be sure to read the terms and conditions carefully before applying.