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TD Bank student loan alternatives

Compare other providers with competitive rates, special perks, multiple options and more.


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Though TD Bank doesn’t offer student loans, there are other banks and online lenders out there that can get you the funding you need to pay for school. Whether you’re looking to get rewarded for good grades, pay for that MBA degree or refinance for a better deal, one of these alternatives may be able to help.

Why doesn’t TD Bank offer student loans?

TD Bank isn’t in the student loan game, likely because it’s involved in most every other lending sphere, from credit cards to personal loans to small business financing. It even has a section of its website dedicated to teaching customers about credit and lending to help prepare you for big financial decisions.

3 alternatives to TD Bank student loans

From undergraduate and graduate student loans to refinancing options, these lenders offer competitive rates and a few special perks for students who have gone the extra mile. And because two of them are also large banks, you can expect the same variety of services you’d get at TD Bank after you open an account.

Best for students with good grades: Discover

Discover is one of the few banks that actually offers student loans. Its robust program can cover both undergraduate and graduate school, as well as post-graduate expenses like residency or the bar exam. And high-achieving students can earn a one-time 1% cash reward for maintaining a 3.0 GPA.

While its repayment plans aren’t as flexible as those you’d find with federal student loans, there are several deferment and forbearance options to help you avoid default.

  • How much you can borrow. $1,000 and Cost of attendance
  • APRs. 4.49% to 13.39%
  • Terms. 15 years
  • Eligibility requirements. Must be enrolled at least half-time at an eligible school with satisfactory academic progress and seeking a degree. Must be a US citizen, permanent resident or international student.

Read review

Best for graduate students: SunTrust

Another bank with an expansive student loan program, SunTrust offers funding for both undergraduate and graduate students — including international students. And it has a special loan option for MBA and business school students with lower starting variable rates and larger loan amounts.

While its rates for its standard student loans aren’t as competitive as other lenders out there, you may be able to shave up to 0.75% off your APR with its multiple rate discounts. And graduates can qualify for a graduation reward that lowers your loan principal by 1% after you leave school.

  • How much you can borrow. $1,001 to $150,000
  • APRs. 4.75% to 9.41%
  • Terms. 7 years to 15 years
  • Eligibility requirements. Enrolled at least half time at eligible school, 17+ years old, US citizen or permanent resident, strong credit, regular income, not a resident of Iowa or Wisconsin

Read review

Best for refinancing at a low APR: Earnest

If your credit profile significantly improved since first taking out your student loans, you may be able to score a lower APR by refinancing through Earnest. Variable rates start at 2.5% and top out at a low 7.89% — not much higher than federal PLUS Loan rates. And you can even refinance during your last semester to avoid gaining more interest on unsubsidized loans. Though you’ll have to give up federal student loan benefits, Earnest offers its own flexible repayment options like forbearance and the ability to skip one payment a year.

  • How much you can borrow. Starting from $5,000
  • APRs. 1.99% to 5.34%
  • Terms. 5 years to 20 years
  • Eligibility requirements. 650+ credit score, $5,000+ in student debt from a Title IV school, meet income and credit history requirements, live in an eligible state, US citizen or permanent resident, ages 18+

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Does TD Bank offer similar loans?

While you won’t be able to borrow a student loan from TD Bank, you do have other options. Your parents could use a TD Bank home equity line of credit to help pay for your college tuition. And you could also consider applying for a TD Bank credit card to cover smaller expenses like books and supplies while you’re in school. TD Bank also has specialized student checking and savings accounts with mobile banking and perks like no minimum balance requirements or monthly maintenance fees.

Compare all of your TD Bank loan options

Compare more student loan providers

Data indicated here is updated regularly
Name Product Min. Credit Score Max. Loan Amount APR
SoFi Student Loan Refinancing Variable Rate (with Autopay)
Full balance of your qualified education loans
2.25% to 6.09%
A leader in student loan refinancing, SoFi can help you refinance your loans and pay them off sooner.
Purefy Student Loan Refinancing (Variable Rate)
2.27% to 7.49%
Refinance all types of student loans — including federal and parent PLUS loans.
Credible Student Loan Refinancing
Good to excellent credit
1.99% to 9.24%
Get prequalified offers from top student loan refinancing providers in one place.
Splash Financial Student Loan Refinancing
1.89% to 6.66%
Save on your student loans with this market-leading newcomer.
Education Loan Finance Student Loan Refinancing
2.39% to 6.01%
Lower your student debt costs with manageable payments, affordable rates and flexible terms.
Earnest Student Loan Refinancing
1.99% to 5.34%
Get a tailored interest rate and repayment plan with no hidden fees.

Compare up to 4 providers

Bottom line

Although TD Bank doesn’t offer student loans, there are alternatives out there that can help cover your undergraduate degree, bar exam, MBA school and more. And if you’re looking to refinance your current student loans, there are options for that too.

Want to learn more about how it all works? Read our guide to student loans and compare even more lenders.

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