Top student loan lenders in the US
The top student loan lenders in the United States include the federal government, state government agencies, and private student loan lenders.
The federal government is the country’s largest provider of student loans and offers several loan programs through the Department of Education. These include the Direct Subsidized Loan, the Direct Unsubsidized Loan, and the Direct PLUS Loan.
State government agencies also offer student loans to residents of their respective states. These loans may have different terms and conditions compared to federal student loans.
Private student loan lenders are financial institutions, such as banks, credit unions, and online lenders, that offer student loans to students and their families to cover the cost of education. Private student loans generally have higher interest rates and fees than federal student loans and may require a credit check and a co-signer.
Some of the US’s top private student loan lenders include Sallie Mae, Discover, and Citizens Bank.
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