Private Student Loans

Our Preferred Lenders

PayForED helps you to accurately assess the overall costs of college, and identify the various federal student loan options. Even after taking federal loans, you may still need some help covering the overall costs of college. That’s where private student loans can help.

Private loans are offered by individual lending institutions, and have their own interest rates, terms, and eligibility requirements. After using the PayForED software, if you determine you need to borrow money for school, a private student loan can help close the gap and get you the funds you need to earn your degree.

Here are some of our recommended loan lenders:

2.75% – 10.65%

Variable Rate (APR)*

SallieMae Disclosures

*Lowest rates shown include the auto debit discount. Advertised rates for the Sallie Mae ® Smart Option Student Loans ® for undergraduate students. Interest is charged starting at disbursement, during school and the separation/grace period, and until the loan is paid in full. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. Payments may be required during the grace/separation period depending on the repayment option selected. Variable rates may increase over the life of the loan. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Advertised APRs assume a $10,000 loan to a freshman with no other Sallie Mae loans. Advertised APR’s are valid as of 1/27/20. To receive the auto debit rate reduction, the borrower or cosigner must enroll in auto debit through Sallie Mae to receive a 0.25 percentage point interest rate reduction benefit. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month and may be suspended during periods of forbearance or deferment, if available for the loan.

PayForED is not the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan customers.

Salle Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered services of Sallie Mae Bank.

3.64% – 9.74%

Rate (APR)*

3.41% – 14.18%

Variable with ACH*

4.13% – 15.00%

Fixed with ACH*

Ascent Student Loans Disclosures


*Ascent Student Loans are funded by Richland State Bank (RSB), Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: 

Rates are effective as of 03/01/2020 and reflect an automatic payment discount of 0.25% on the lowest offered rate and a 2.00% discount on the highest offered rate.  Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: 

1% Cash Back Graduation Reward subject to terms and conditions. Click here for details.

Disclaimer: All rates, terms and other student loan related information listed on the PayForED website and blog is provided without warranty or guarantee and is not intended to legally bind PayForED or the lenders listed. The rates and terms listed for each lender are estimates and will change depending on your credit profile and other information you provide to lenders (for instance, you will only be entitled to a lower rate if you have a good credit rating). PayForED is not a lender and is not involved in the lender loan approval process. Should you require a loan offer, please visit the lender’s website and review their terms and conditions for more details.

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