Student Loan Comparison Sites
Student loan comparison sites enable you to view and compare multiple student loan opportunities in order to find the package that’s best for you. But before you start comparing, there are a few things you need to keep in mind.
The following student loan comparison sites and directories of education lenders may accept paid placement for their listings. The loans may initially be ranked according to criteria that maximize profit to the directory and not necessarily criteria that minimize cost to the borrower. Some of the least expensive loans may be excluded from such directories because the lenders may be unwilling to pay for placement. Also, some of the directories rank loans by the best advertised rates or average rates, as opposed to the actual rates.
Best Student Loan Comparison Sites
The most useful student loan comparison sites need to satisfy the following minimal standards:
To date, none of the loan comparison sites satisfy all of these standards, although all satisfy some of them.
Student Loan Comparison Sites (Live)
The following student loan comparison sites are live, list more than one lender, and are listed in alphabetical order.
Credible is a simple, transparent marketplace that allows borrowers to receive and compare personalized offers from vetted lenders in minutes. Furthermore, checking your personalized offers will not affect your credit score.
SimpleTuition offers an interactive tool that allows borrowers to compare multiple private student loan options side-by-side. Prospective borrowers have the ability to compare loan types, rates and estimated monthly payments.
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