Best Student Loan Interest Rates For Domestic & International Scholars

Whether you plan to study on campus or online, it’s certain that you’ll need to pay for tuition and other fees. M

any students are considering loans with the best student loan interest rates.

Private Student Loan Interest Rates

There’s no one-size-fits-all option considering the unique financial needs of each student. However, these lenders are good choices you might want to try.

Let’s get at it!


Ascent is a private student loan program accessible to undergraduate and graduate students who require financial aid. The financial platform allows students to pay for college with or without a cosigner.

While a cosigner isn’t needed to obtain a loan, Ascent considers factors like school, program, cost of attendance, etc. Borrowers who meet specific terms and conditions receive a 1% cashback graduation reward.

Variable APR: 4.09%–11.34% (with autopay)

Fixed APR: 5.91%–13.09% (with autopay); Loan terms: 5 to 20 years

Loan amounts: $2,001–$200,000


Launched by Stanford business school students in 2011, SoFi is an online lender mainly focused on student loan refinancing.

The financial company makes loans available to students (undergraduates and graduates), parents, business, and law students. While lenders charge for the application or late fees, SoFi doesn’t charge for these.

Its low-fee policy, multiple discounts, and low-interest rates make SoFi a good loan platform.

Variable APR: 0.95% to 11.18%

Fixed APR: 2.99% to 10.66%

Loan terms: 5, 10, and 15 years

Loan amounts: $5,000 to the total cost of attendance


Like SoFi, Earnest doesn’t charge for prepayment, disbursement, or late fees. Earnest offers highly competitive rates and flexible repayment plans.

The online lender grants borrowers a 9-month grace to pay their loans. To obtain a student loan, borrowers must have at least a 3-year credit history, be studying for an undergraduate or graduate program.

Furthermore, borrowers should have no bankruptcy issues.

Variable APR: 1.74% – 5.64%

Fixed APR: 2.44% – 5.79%

Loan Terms: 5 to 20 years

Loan Amounts: $5,000 – $500,000

College Ave

College Ave is one of the best student loan lenders out there.

The loan product has unique features which may seem appealing to borrowers. It takes just a few minutes to apply for this loan.

If you’re in urgent need of a loan, you might want to opt for this loan platform. Compared to other lenders, borrowing a loan from College Ave is relatively fast and easy.

International students who wish to apply for this loan must have a cosigner that is a permanent resident or US citizen.

Variable APR: 0.94% to 11.98%

Fixed APR: 2.94% to 12.99%

Loan terms: 5, 8, 10, and 15 years

Loan amounts: $1,000 up to the total cost of attendance

Sallie Mae

Sallie Mae is a suitable loan option for part-time students, students studying overseas, or taking a professional course online.

Perks attached to this loan product include multiple payment reduction options, reduced interest rate, and 1-year repayment plan.

Sallie May’s loan covers tuition, travel costs, accommodation, books, etc.

Variable APR: 1.13% to 11.23%

Fixed APR: 3.50% to 12.60%

Loan terms: 5 to 15 years

Loan amounts: $1,000 up to 100% of the school-certified expenses.


By now, you have some knowledge of the best student loan interest rates.

Consider your options and choose right.

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