6 Best Private Student Loans Reddit (2021) – Beat Student Loans

Hello Sahabat!

Are you struggling to manage your student loan debt? You’re not alone. According to recent studies, the average college graduate in the US has over $30,000 in student loan debt.

Paying off your student loans can feel overwhelming, but don’t worry, there are resources available to help. Private student loans are one option to consider, and Reddit is a great place to find recommendations from others who have been in your shoes.

In this article, we’ll explore the 6 best private student loans recommended by Reddit users in 2021. But first, let’s take a closer look at what private student loans are and how they differ from federal loans.

Understanding Private Student Loans

Private student loans are loans offered by private lenders, such as banks and credit unions, to help students pay for college. Unlike federal loans, private loans are not backed by the government and often have higher interest rates.

However, private loans may be a good option if you need to borrow more money than what’s offered in federal loans or if you don’t qualify for federal financial aid. Private loans also offer more flexibility in terms of repayment plans and may have lower fees.

Before taking out a private student loan, it’s important to shop around and compare options. Here are the 6 best private student loans recommended by Reddit users in 2021.

The 6 Best Private Student Loans Recommended by Reddit Users

1. Discover Student Loans – Discover offers a range of private student loans with competitive interest rates and flexible repayment options. They also offer rewards for good grades and have no fees.

2. Sallie Mae – Sallie Mae is a well-known lender that offers both undergraduate and graduate student loans. They have several repayment options and don’t charge any origination fees.

3. College Ave – College Ave offers private student loans with no application or prepayment fees. They also have customizable repayment plans to fit your needs.

4. CommonBond – CommonBond offers competitive interest rates and a variety of repayment options, including income-based repayment and deferment. They also have a program called “Pave” that helps borrowers find employment after graduation.

5. Citizens Bank – Citizens Bank offers both fixed and variable-rate private student loans with flexible repayment options. They also offer interest rate discounts for certain repayment methods.

6. Earnest – Earnest offers private student loans with no origination fees and flexible repayment options. They also have a unique underwriting process that considers factors beyond just credit score.

Choosing the Right Private Student Loan

When choosing a private student loan, there are several factors to consider. Interest rates, repayment options, fees, and customer service are all important factors to weigh.

It’s also important to consider your individual needs and financial situation. Do you need to borrow a large amount of money? Do you anticipate having difficulty making payments after graduation? These are important questions to ask yourself when selecting a private student loan.

Before committing to a loan, be sure to read the fine print and understand all the terms and conditions. You don’t want any surprises when it comes time to pay back your loan.


If you’re struggling with student loan debt, private student loans may be a good option to consider. However, it’s important to do your research and choose a loan that’s right for you.

In this article, we explored the 6 best private student loans recommended by Reddit users in 2021. Remember to compare options and read the fine print before committing to a loan.

Thanks for reading, and we’ll see you in the next article!

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