Citizens Bank Student Loans – See all the details

Loans of up to $350,000 for your college or graduate studies. With Citizens Bank Student Loans, you can!

The college period can be a decisive moment in many people’s lives. For a significant portion of the population, college is a dream.

However, when we think about college, one of the first things that come to mind is the exorbitant prices.

But with the Citizens Bank student loans, you no longer have to worry about that and can focus solely on your studies during this phase.

Understanding better what a student loan is:

A private student loan is a financial arrangement where students borrow money from private lenders.

These loans can be used to cover various educational costs, including tuition, fees, books, and living expenses.

This borrowed money is intended to cover student expenses.

The interest rates on private student loans may be fixed or variable.

They are generally based on the borrower’s creditworthiness.

One notable aspect of private student loans is that they may require a co-signer, typically a parent or guardian, who shares the responsibility for repayment.

The loan approval and interest rates may be influenced by the credit history of both the borrower and the co-signer.

Is Citizens Bank Student Loans trustworthy?

Several reasons regard Citizens Bank as a trustworthy financial institution.

With a history dating back to the early 19th century, the bank has established a strong and reliable presence in the United States. 

The bank’s commitment to providing a comprehensive range of financial solutions for both individuals and businesses underscores its reliability.

Furthermore, the bank’s student loan offerings, including undergraduate and graduate loans, demonstrate its dedication to supporting the diverse educational pursuits of students.

The flexibility in loan amounts, repayment terms, and specialized plans for various academic disciplines highlight Citizens Bank’s commitment to tailoring financial solutions to individual needs.

Customer reviews and the bank’s longevity in the industry contribute to its reputation for reliability.

The institution’s adherence to ethical banking practices and its extensive experience in the financial sector further solidify Citizens Bank as a dependable choice for a wide range of financial services.

In addition to the bank’s reliability, we offer various options to cover student expenses, including loans for those interested in pursuing undergraduate and graduate studies.

Learn more about each of them now.

Characteristics of undergraduate student loans:

• Covers courses in various fields
• Loans of up to $150,000
• Covers private and non-private colleges with a duration of 2 to 4 years
• Fixed interest rates ranging from 4.99% to 13.29% APR or variable rates ranging from 6.37% to 14.27% APR.
• Repayment terms go up to 180 months, depending on your conditions or preferences.

Characteristics of graduate student loans:

• Covers courses in various fields
• Loans from $1,000 up to $350,000, with higher loans granted to more expensive courses, such as those in the healthcare field
• Fixed interest rates ranging from 6.84% to 13.31% APR or variable rates ranging from 5.97% to 12.24% APR.
• Repayment terms go up to 180 months, depending on your conditions or preferences.

In both cases, you get up to a 0.50% discount if you choose to activate automatic payments.

Some qualities of Citizens Bank Student Loans:

• No additional fees: That’s right, you don’t pay an origination fee, application fee, or fund release fee, so you won’t have surprises during payment. There’s also no prepayment fee or fee for paying more than the minimum amount.
• Multi-year approval: This is a very interesting point for students because this quality allows you not to repeat the process every year; approved in the first year, for example, you already secure the next years.
• In just 2 minutes, you discover your interest rate.

Possible setbacks

Even with so many qualities of Citizens Bank Student Loans, it’s important to be responsible with payments to avoid complications.

Also, it’s important to know that you can get the loan without a co-signer, just by presenting an excellent credit history.

However, presenting a co-signer makes the process easier and guaranteed.

Learn how to apply for the loan.

Written by

Victória Lima

Victória Lima is a financial writer and researcher. With a background in finance, Victória distills complex financial topics into accessible insights. Through her writing, she aims to equip readers with the tools they need to make informed financial decisions and achieve their goals.