Photo: flickr/CC0
Banks

The Best Bank for Student Loans 

Business and Company Info
Updated May 15, 2019 96 votes 59 voters

When it comes time to researching student loan choices, wouldn’t you like a little help skimming through the junk and picking out the best? Student loans are a confusing matter, and it’s hard to tell whether the best private student loan will come from your bank or credit union.

Who has the lowest rates and best repayment terms for student loans? Can you defer student loan payments until after graduation, or will you need to start immediate repayment? Loans from another lending institution could be a better deal than your own bank, so we’ve compiled this list of top private student loan providers you may never have known about. We want to help you find the best choice for student loans.

After you’ve taken out the maximum allowance of federal loans, it’s time to look into private student loans. Banks and credit unions offer student loan rate reductions for simple things like signing up for electronic transfer of loan payments. Some offer a rate reduction for student loans that begin repayment while you’re still in school. They may not be cheap student loans, but they make it easier to get the best rate for private ones. Consolidation of student loans is another key area to consider. What’s the best deal for consolidation loans? Some banks and credit unions will offer a student loan consolidation on graduation. Some will offer a premium rate for consolidation of previous student loans, along with new money for the current school year. Check out the list to find the best bank for student loans and consolidation loans.

list ordered by
1
Fifth Third Bank is listed (or ranked) 1 on the list The Best Bank for Student Loans
Finance, State Commercial Banks, Financial Services
Fifth Third Bank is a U.S. regional banking corporation, headquartered in Cincinnati, Ohio at Fifth Third Center, and is the principal subsidiary of holding company Fifth Third Bancorp. The ...more
2
Navy Federal Credit Unio... is listed (or ranked) 2 on the list The Best Bank for Student Loans
Financial Services
Navy Federal Credit Union is a US credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration. Navy Federal is the ...more
3
SunTrust Banks is listed (or ranked) 3 on the list The Best Bank for Student Loans
National Commercial Banks
SunTrust Banks, Inc., is an American bank holding company. The largest subsidiary is SunTrust Bank. It had US$175 billion in assets as of December, 31, 2013. SunTrust Bank's most direct ...more
4
Wells Fargo is listed (or ranked) 4 on the list The Best Bank for Student Loans
Investment banking, Financial Services, National Commercial Banks
Wells Fargo Co. (NYSE: WFC) is a diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the second largest bank ...more
5
U.S. Bank is listed (or ranked) 5 on the list The Best Bank for Student Loans
Financial Services
U.S. Bank is a financial services company and the 6th largest bank in the United States as of June 30, 2008.
6
Independent Community Ba... is listed (or ranked) 6 on the list The Best Bank for Student Loans
Independent Community Bankers of America
7
Chase is listed (or ranked) 7 on the list The Best Bank for Student Loans
Bank, Financial Services, Commercial Banking
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of the multinational banking corporation JPMorgan Chase. ...more
8
United Federal Credit Un... is listed (or ranked) 8 on the list The Best Bank for Student Loans
United Federal Credit Union Financial Services
United Federal Credit Union is a federally chartered credit union based in St. Joseph, Michigan with a 60-year-plus history. Originally chartered in 1949, UFCU has more than 130,000 Members in ...more
9
Credit Union Student Cho... is listed (or ranked) 9 on the list The Best Bank for Student Loans
Credit Union Student Choice
10
Discover Financial is listed (or ranked) 10 on the list The Best Bank for Student Loans
Discover Financial Credit card, Financial Services, Credit
Discover Financial Services, Inc. is an American financial services company, which issues the Discover Card and operates the Discover and Pulse networks. Discover Card is the third largest ...more
11
SuperMoney is listed (or ranked) 11 on the list The Best Bank for Student Loans
smny added SuperMoney
12
Truliant Federal Credit ... is listed (or ranked) 12 on the list The Best Bank for Student Loans
Truliant Federal Credit Union Financial Services
Truliant Federal Credit Union was founded in 1952 in Winston-Salem, North Carolina, to serve the employees of Western Electric. First known as Radio Shops Credit Union, it later became known as ...more
13
Union Federal is listed (or ranked) 13 on the list The Best Bank for Student Loans
Union Federal
14
PNC Bank is listed (or ranked) 14 on the list The Best Bank for Student Loans
15
Alliant Credit Union is listed (or ranked) 15 on the list The Best Bank for Student Loans
Finance
Alliant Credit Union is a member-owned financial cooperative headquartered in Chicago, Illinois. Alliant provides exclusive benefits to employees, retirees and members of qualifying ...more
16
cuStudentloans.org is listed (or ranked) 16 on the list The Best Bank for Student Loans
cuStudentloans.org
17
Star One Credit Union is listed (or ranked) 17 on the list The Best Bank for Student Loans
Star One Credit Union
18
Kinecta Federal Credit U... is listed (or ranked) 18 on the list The Best Bank for Student Loans
Kinecta Federal Credit Union
19
First Tech CU is listed (or ranked) 19 on the list The Best Bank for Student Loans
First Tech CU
20
LANCO Credit Union is listed (or ranked) 20 on the list The Best Bank for Student Loans
LANCO Credit Union
21
AmeriCU is listed (or ranked) 21 on the list The Best Bank for Student Loans
AmeriCU
22
Think Financial is listed (or ranked) 22 on the list The Best Bank for Student Loans
Think Financial
23
NASA Federal Credit Unio... is listed (or ranked) 23 on the list The Best Bank for Student Loans
NASA Federal Credit Union
24
Northwest Federal Credit... is listed (or ranked) 24 on the list The Best Bank for Student Loans
Northwest Federal Credit Union
25
Ascentra Credit Union is listed (or ranked) 25 on the list The Best Bank for Student Loans
Ascentra Credit Union