Sallie Mae is a big lender for student loans. It offers students loans for college, graduate school and even professional schools. It offers options for students, including payment of interest while in school. Sallie Mae provides students with the option to pay loans with fixed monthly payments. The company will work with students to come up with the best payment plans as well as the necessary tools to understand and calculate costs of their education.
Chase bank offers private student loans for college and graduate programs. The bank does not offer federal assistance since the funds come directly from the bank. Terms and conditions of students' private loans vary from bank to bank and are completely different from federal aid. Chase offers student loans based on the student's creditworthiness to take on the loan agreement. Students will have a better chance at a lower interest rate if the student has a co-signer with a good credit history. The amount that Chase will offer and the interest rate on the loans will depend on the credit of both parties.
Citibank offers private student loans and provides guidance to students to shop around for the best interest rates from a collection of lenders in its database. Private student loans for college and graduate schools will range in the amount granted and in interest rates. The terms and conditions for repayment of the loan will vary based on the length of the student's program of study.
There are many banks and lenders for students going to college and graduate school. The smaller the lender, the more carefully you must go through the terms and conditions of the loan. Repayment and the amount of the loan will be different for every lender. Ask many questions involving the amount of the loan, the interest rates, deferment options and repayment requirements. Be willing to ask for discount offers by lenders and make sure customer service is available for any other questions.