Private student loans from Wells Fargo allow you, as a student, to defer payments while you are still enrolled in school. Payments begin six months after your successful graduation, and some loan options also give you the benefit of an interest rate break upon successful graduation. The bank offers loans to both undergraduate and graduate students and also has an option for your parents to apply for the student loans on your behalf.
With Citizens Bank, you enjoy zero fees, electronic funds disbursement and flexible payment options on your private student loans. The repayment options allow you to choose to defer your payments until after you graduate from college, allowing you to focus more on your education and less on financial worries. Citizens Bank has easy qualification with low requirements, but encourages students to apply with a cosigner to increase the chance of approval.
Chase offers private student loans as well as private student loan consolidation loans. Chase also encourages students to apply with a cosigner to increase chances of approval as well as help you obtain a better interest rate on your educational loans. Deferred payment options are available. There are no repayment fees, and the loan minimum for a Chase Select Private Student Loan is $500.
Sallie Mae allows you to have a fixed monthly payment while in school, typically about $25. With this lender you can save money with a lower interest rate by having automatic payment debits from your bank account. You also have the opportunity to earn rewards for payments made on time while still enrolled in school. Sallie Mae allows you to borrow as little as $1,000 to help cover the cost of your education.