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Capital One Student Loans Don’t Exist — Try These 5 Options Instead
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Let’s say you’ve got a Capital One credit card in your wallet or your paychecks go to a Capital One checking account. When the time comes to borrow for college, you’re probably interested in applying for Capital One student loans, as well.
Unfortunately, Capital One does not offer student loans or any other type of college financing. With Capital One student loans off of the table, here are some other options for getting the money you need to pay for school.
Capital One student loans don’t exist: 5 alternatives you can check out
If you’re disappointed to learn that Capital One student loans don’t exist, don’t worry. Federal student loans might still be an option, and some of the best private student loans come from other national lenders.
Here are our top picks for alternatives to Capital One student loans.
1. Federal student loans
There are two main options for getting student loans: federal student loans and private student loans. Federal student loans are offered through the Department of Education, with the same rates and terms for each borrower each year.
To apply for federal student loans, students and their parents can complete and submit the Free Application for Federal Student Aid (FAFSA). Once this application is processed, students and parents will be offered student aid, including federal student loans.
Here are the types of student loans the government offers:
- Direct Subsidized and Unsubsidized Loans for undergraduate students
- Direct Unsubsidized Loans for students in graduate or professional programs
- Grad PLUS Loans for students in graduate or professional programs
- Parent PLUS Loans available to parents of undergraduate students
Make sure you compare the terms and rates of each federal student loan option with private student loans, too. This will help you find the best student loan for your situation.
As a private student lender, Citizens Bank offers undergraduate, graduate and parent student loans. Student loan borrowers can:
- Borrow up to the cost of attendance or $150,000, whichever is lower. Certain graduate students can borrow up to $350,000.
- Choose from loan terms of five, 10 or 15 years.
- Apply for a student loan with a cosigner with the option to release the cosigner in repayment.
College Ave Student Loans also offers undergraduate, graduate and parent student loans. Applicants can:
- Borrow up to the full cost of attendance.
- Choose from student loan terms of 5, 8, 10 or 15 years.
- Apply with a cosigner if you can’t qualify on your own.
- Choose from several repayment options while enrolled in college, such as full deferment, interest-only or flat $25 monthly payments.
LendKey offers a single student loan application that it uses to generate offers from its network of credit unions and community banks.
These student loan quotes are customized to meet your financial situation, and can include a wide range of student loan terms and features.
Sallie Mae offers a range of student loans, including undergraduate, graduate and parent student loans. Sallie Mae borrowers can:
- Shop from specialized products such as MBA loans, parent student loans and career training loans.
- Fund up to 100% of school-certified program costs with Sallie Mae student loans.
- Choose from various repayment options that include full in-school deferment, as well as smaller in-school payments.