Compare rates from multiple lenders

Man holding a piece of paper, typing into calculator, with coins stacked nearby.
Tero Vesalainen / Shutterstock

A whopping 86% of students find paying for college stressful, according to a 2020 College Ave survey conducted by Barnes & Noble College Insights.

It doesn’t take a college degree to figure out why. On top of tuition, you have to find cash for room and board, textbooks and supplies, travel and any unexpected costs that might come up.

And while federal student loans are an excellent way to pay for your education, sometimes they fall a little short.

The maximum you’ll be able to borrow using a federal student loan is just $12,500 a year. And for some students, you’ll be maxed out at $5,500 for the year.

That’s where Credible comes in. With a private student loan, you can borrow the extra funds you need to make ends meet stress-free.

Through Credible, you’ll be able to shop around for a great rate by comparing offers from multiple lenders. And with no origination fees, service fees or prepayment penalties, you can be confident in the loan you end up choosing.

Find out what you qualify for

Senior hispanic father and mature son looking at student loan rates on laptop.
Koldunova Anna / Shutterstock

If you’re not sure if a private loan is the right option for you, there’s no obligation or impact to your credit score just for checking to see what rates you’ll qualify for. Rates on Credible start at 3.34% APR for fixed rates and 1.04% for variable rates.

But if you’ve hit the limit on what you can borrow from the Department of Education, Credible will help ensure you get a great rate on your loan which means you can focus on learning and soaking up the experience of college rather than worrying about what it’ll cost you once you graduate.

About the Author

Sigrid Forberg

Sigrid Forberg

Staff Writer

Sigrid is a staff writer with MoneyWise. Before joining the team, she worked for a B2B publication in the hardware and home improvement industry and ran an internal employee magazine for the federal government. As a graduate of the Carleton University Journalism program, she takes pride in telling informative, engaging and compelling stories.

You May Also Like

Looking to Protect Your Portfolio Against Inflation? Don’t Overlook Farmland

As a commodity-producing asset, farmland is an excellent hedge against inflation.

Do Big Stores Save You the Most? We Price-Check Our Shopping List

With one 30-second trick, we found $460 in savings beyond Walmart and Amazon.

Here’s How to Find Better Deals When You Shop Online

There’s an easy way to automatically scan for lower prices, and it’s totally free.