Citibank student loan alternatives

Compare 3 other providers that can help you pay for school.

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Citibank may no longer be part of the student loans sphere, but that doesn’t mean you’re out of luck when it comes to paying for college.

Why doesn’t Citibank offer student loans?

In 2010, Citibank sold its federal student loans to Sallie Mae and its private student loans to Discover. And as of 2017, it finished servicing the last of its remaining student loans — meaning it’s officially out of the education finance business. The bank has since shifted its focus to a collection of personal loans and credit cards.

3 alternatives to Citibank student loans

We recommend looking into federal loans first — they tend to come with the most competitive rates and flexible repayment plans.

Reached your borrowing limit? Here are three private student loan providers that may be able to help instead.

1. Credible: Best for comparing top lenders

Credible is a connection service that works with a handful of top private student loan providers to find you the best rate.

You’ll fill out one online form and immediately get connected with lenders you might qualify with. And the fees are limited — none of the providers in Credible’s network charge origination fees or prepayment penalties.

Already have a few student loans you want to consolidate? Credible also offers refinancing.

  • How much you can borrow: Varies by lender
  • APR: Up to 2.84%
  • Fees: No origination fee or prepayment penalties
  • Loan term: 60 to 240
  • Cosigner: Yes

2. LendingTree: Best for comparing multiple offers

LendingTree isn’t a direct lender — but that’s why it shines. When you submit your information through its online form, you have the chance to see multiple student loan offers at once.

If you’re pressed for time, this allows you to see what rates you may qualify for without having to fill out multiple applications.

  • How much you can borrow: Varies by lender
  • APR: from 3%
  • Fees: Varies by lender
  • Loan term: Varies by lender
  • Cosigner: Varies by lender

3. Earnest: Best for student loan refinancing

Earnest is one of the top contenders for student loan refinancing because of its low APR — rates are capped at 6.99% — and long loan terms.

You can start the process during your final semester of school, and it offers Precision Pricing to ensure repayments fit within your personal budget.

The only caveat? To qualify you need to have completed your degree — or be on track to.

  • How much you can borrow: At least $5,000
  • APR: 3.20% to 6.99%
  • Fees: No origination or prepayment fees; $8 fee for missed payments
  • Loan term: 60 to 240
  • Cosigner: No

Does Citibank offer similar loans?

Not specifically, but it does have a few lending products that could potentially be used to pay for college expenses.

You could take out a Citibank home equity loan or line of credit in place of student loans. Some parents can get more favorable rates and terms with a secured loan.

Citibank also offers a slew of credit cards that can be used to offset living expenses while in school.

Compare more student loan providers

Updated January 18th, 2020
Name Product Min. Credit Score Max. Loan Amount APR
Credible Labs Inc. (Student Loan Platform)
Good to excellent credit
Varies by lender (typically, total certified costs of education minus financial aid already received)
Starting at 2.84% with autopay
Get prequalified rates from private lenders offering student loans with no origination or prepayment fees.
Edvisors Private Student Loan Marketplace
Varies by lender
Varies by lender
Varies by lender
Quickly compare private lenders for your school and apply for the right student loan.
EDvestinU Private Student Loans
675
$200,000
4.51% to 9.26%
Straightforward student loans for undergraduate and graduate students.
CommonBond Private Student Loans
700
$500,000
3.31% to 9.74%
Finance your college education through this lender with a strong social mission and terms that fit your budget.
LendingTree Student Loans
Good to excellent credit
Varies by lender
Starting at 3%
Compare multiple student loans and student loan refinancing options in one place.

Compare up to 4 providers

Bottom line

Citibank’s student loan program may have ended, but there are plenty of other providers out there to help pay for school. You can compare even more lenders with our guide to student loans.

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