Navigating student loan options can be daunting. Federal loans are often your best bet, offering easier access and potential forgiveness. However, private loans can fill gaps left by federal aid. Our guide breaks down top private student loans for 2024, comparing lenders like Discover, Earnest, and SoFi. Each lender has unique perks, from minimal fees to favorable terms for part-time students. Discover, for instance, offers no fees and cash rewards for good grades but has ceased accepting applications as of February 2024. Earnest requires a fair credit score of 650 and offers a 0.25% APR discount for autopay. Sallie Mae, meanwhile, accommodates less-than-half-time students, a rare feature. Understanding these distinctions can help you choose the right loan to finance your education without undue financial strain.
Read the full article here.