Private Student Loans

Low rate student loans from your local credit unions and community banks, helping you achieve your dreams of higher education.

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No Application Fees

rates as low as (with AutoPay) 4


Variable APR



Fixed APR

No Application Fees

rates as low as (with AutoPay) 4


Variable APR



Fixed APR

How to Get a Private Student Loan: 3 Simple Steps

Check Eligibilty

1. Check Eligibility

Check your eligibility and receive offers from our network of community lenders that prioritize people over profits. We'll help you find and apply for the best private student loans.

Choose Your Loan

2. Choose Your Loan

Once you select a private student loan option, you'll continue on to the application process. Additionally, because the entire process uses LendKey's technology, your personal information will be safe and secure!

Upload Documents

3. Upload Documents

Verify your identity and provide documents through our online portal. We'll review your documents, credit information, and let you know once your loan has been approved!

Get Better Rates with a Cosigner

A creditworthy cosigner can make all the difference when it comes to a private student loan application's chances for approval. Cosigners play a critical role in helping borrowers to secure the best private student loans and qualify for a lower loan rate. If you’re a creditworthy cosigner, you can help a student responsibly borrow funds for their education. And often for a rate well below one they could get on their own.

Being a cosigner helps make a college education possible for the borrower, but the responsibility does come with financial risks. If the student defaults on the student loan, the cosigner will be held liable for the remaining loan payments, and his or her credit history may be affected (in addition to the borrower’s). There are also certain requirements the cosigner must meet. The cosigner must have a good credit history and demonstrate certain income requirements.

Student Loan Eligibility

Eligibility for federal, state and university funded financial aid is determined by completing the Free Application for Federal Student Aid (FAFSA). All students are strongly encouraged to apply for federal aid by completing the FAFSA, which can be obtained online at

Students can check their eligibility for a private student loan with LendKey and our network of private student loan lenders by starting a student loan application here.

The Benefits of Making Student Loan Payments While in School

Going into debt for college is often necessary for many families to achieve the goal of a higher education. If not done responsibly, managing debt after graduation can become an overwhelming task. Certain loans, such as the subsidized Stafford loan and the Perkins Loan have interest paid for by the government while the student is enrolled in school. However unsubsidized Stafford loans and private student loans do accrue interest while the student is in school. Interest will continue to compound over the duration of enrollment.

In-school payments allow the student to make a standard minimum monthly payment towards the loan. This develops healthy financial habits and can help reduce the amount of total interest expense. More importantly, it helps the student develop a credit history for future loans after graduation.

The ability to make a payment towards loans while in school has been available for both federal and private student loans, but generally not promoted by private student loan lenders, with most student borrowers electing to defer loan payments until after graduation. In-school student loan payments provide the ability to reduce the debt load students face after graduation.

Low Rate Loans from Community Lenders

All loans on are funded by community lenders like credit unions and community banks. These financial institutions work with LendKey to keep operating costs low and pass on the savings directly to you with a low rate student loan.

Unlike many larger banks that may take deposits in one state and lend in others, community banks and credit unions channel most of their loans to the neighborhoods where their depositors live and work, helping to keep local communities vibrant and growing.

Features & Benefits of Our Network

Community Lenders

Our Lenders are community focused and put people over profits.

Cosigner Release

Our lenders offer cosigner release to creditworthy borrowers who have made consecutive, full on-time principal + interest payments.2

Excellent Service

You can speak to a real person during any part of the process. We are happy to help!

No Sign Up Fees

Our community lenders don’t charge borrowers any application or origination fees for their student loans.

Quick Decision

Our application process is simple, takes minutes to complete and get a decision quickly.

Auto Pay Rate Reduction

When you sign up for automatic payments, our community lenders could drop your interest rate by 0.25%.3

What Do Our Borrowers Think?


“It seemed like the easiest process! I enjoyed the one-on-one feedback and assistance from all the loan counselors. Their process has a lot of automation and they called you and helped you each step of the way.”

University of Maryland


“You offered a lower rate, had pretty good reviews, and were recommended by others, which made me trust you.”

University of Portland


“They seemed to have the most reasonable rates and everyone I talked with was very professional and seemed like they were on my side.”

University of Pittsburgh

Private Student Loan FAQs