The Best Private Student Loan Companies of 2025

Let our student loan experts research for you!

Verified Partner

Large range of borrowing amounts
Multiple loan terms to choose from
100% Rate Match Guarantee
A+ BBB rating with a longevity history
Interest rate discount for using autopay
In-house customer support

Quick, mobile application protected by end-to-end encryption
No late payment fees, no origination fees, no disbursement fees
Get a 9-month grace period vs. the 6-month you get with most competitors

Best Overall

Large range of borrowing amounts
Multiple loan terms to choose from
100% Rate Match Guarantee
A+ BBB rating with a longevity history
Interest rate discount for using autopay
In-house customer support
Quick, mobile application protected by end-to-end encryption
No late payment fees, no origination fees, no disbursement fees
Get a 9-month grace period vs. the 6-month you get with most competitors

Best Overall

Call Now
(833) 543-9600

Verified Partner

Easy online application process
Receive a credit result in 10 minutes
50+ years in business
Multiple payment options
Borrow up to 100% of school-certified expenses
No origination fee or prepayment penalty

Offers career training student loans
4x more likely to get approved with a qualifying co-signer

Reputable

Easy online application process
Receive a credit result in 10 minutes
50+ years in business
Multiple payment options
Borrow up to 100% of school-certified expenses
No origination fee or prepayment penalty
Offers career training student loans
4x more likely to get approved with a qualifying co-signer

Reputable

Call Now
(833) 543-9600

Finding the Best Private Student Loan Company

We rate Earnest as the best student loan company because it is transparent about loan types, terms, and the application process. Earnest also offers discounts, charges no fees, and provides in-house customer support.

Key Points:

You’ll find the most flexible loan terms from Earnest, Sofi, ELFI, and College Ave.
Our ratings take into consideration four categories: transparency of loan terms, application process, reputation, and customer service.
A private student loan can be worth it if you need to supplement funds after using up federal options first.

If you need to borrow money for school, it is best to use federal aid first. However, if you still have gaps to fill, private student loans can be a viable option. We’ll explain our top choices for private student loan companies and help you decide if taking out a student loan is worth it or not.

Our Top Pick

We reviewed 20 student loan companies and our preferred choice for undergraduate student loans is Earnest. Here’s a snapshot of why we selected Earnest as our best overall pick:

Large range of borrowing amounts
Multiple loan terms to choose from
Transparency with credit score and income requirements
A+ BBB rating with a longevity history
In-house customer support

5 Best Student Loan Companies

We analyzed 20 student loan companies and ranked them based on undergraduate loan details, application requirements, reputation, and customer service. Use the table below to compare our top five recommendations.

Company	Our Reward	Our Rating
Earnest	Best Overall	4.8
College Ave	Best Multi-Year Loans	4.6
ELFI	Best Customer Service	4.5
Sofi	Best Competitive Rates	4.4
Ascent Funding	Best Flexible Terms	4.3

Student Loan Company FAQs

What is the best student loan company? Our best overall pick for student loans is Earnest. You’ll get superior customer service, a range of repayment terms to choose from, and transparency on eligibility criteria.
What should I look for when selecting a student loan company? When selecting a student loan company, be sure to read the fine print carefully and compare multiple lenders on specific criteria like repayment terms, interest rates, fees, discounts, and enrollment requirements. If the information you need is not readily available on a lender’s website, proceed with caution.
Should I get a fixed or variable rate loan? The type of interest rate you get is a personal choice. However, fixed rate will be easier to budget into the future because it never changes. If you opt for variable, assume that an increase in interest rate may occur and plan for it in advance.
How much can I borrow in student loans? How much you borrow in student loans will vary depending on the type and terms of the loan. If you borrow from the federal government, you will have an aggregate loan limit of $57,500 for undergraduate and $138,500 for graduate studies. Private student loans vary based on lender but most fund student loans with a minimum of $1,000 and up to the total cost of attendance. Check your private student loan lender’s criteria to identify the minimum and maximum amounts available.
What is FAFSA and do I need to fill it out? FAFSA stands for Free Application for Student Aid and is the primary form you complete through the U.S. Department of Education if you are seeking federal student aid. It is recommended to utilize federal student loans first before seeking private lenders as federal loans can often cost less over the life of the loan and you may be eligible for income-driven repayment programs.

How We Rank Student Loan Companies

Loan details: We considered types of loans offered, minimum and maximum borrowing parameters, grace periods, quantity and length of loan terms, fixed and variable APR, and forbearance and deferment offerings.
Application process: We researched minimum credit scores, income stipulations, fees, discounts, enrollment restrictions, and credit check requirements.
Reputation: We reviewed BBB ratings and accreditation, as well as assessed longevity of each company.
Customer service: We analyzed online and telephone customer support for each company, as well as extra customer service offerings like a designated student loan advisor, convenient scheduling for customer support, and transparency in how to contact the servicer.