The Best Student Loans of May 2022

College costs are overwhelming for a lot of families. So students turn to student loans to cover them. Most students, following expert recommendations, start with federal student loans, but those aren’t always enough to cover costs.

When federal student loans don’t cut it, you can turn to private student loan lenders to fill in the gap.

Unlike federal student loans, private student loans offer a variety of options for interest rates, loan amounts and terms that could make picking one daunting. So we’ve pulled together a list of some of the best student loans available to make it easier for you to compare and vet your options.

Federal student loans have been in the news a lot lately as the US Education Department has

Keep reading below the table for more details on every lender, plus all the information you need to find the college funding plan that’s right for you and your family.

Interest rates accurate as of late April 2022 and subject to change. Variable rates listed are margins added to a base rate such as LIBOR or SOFR, which could add around 0.30% to 1%.

Best Student Loans at a Glance

Lender Variable APR with Autopay Fixed APR with Autopay Loans for


0.94% – 11.98%

3.02% – 14.08%

Undergrad and grad, refinancing


Starting at 0.94%

Starting at 2.99%

Undergrad and grad

College Ave

0.94% – 11.98%

3.24% – 12.99%

Undergrad, grad and career training, refinancing

Sallie Mae

1.13% – 11.23%

3.50% – 12.60%

Undergrad, grad and career training


1.05% – 11.78%

3.47% –11.16%

Undergrad and grad, refinancing

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