Laurel Road Student Loans vs Citizens Bank Student Loans

Laurel Road is a good option to maintain your federal loan grace period. How does it compare to Citizens Bank? Read our comparison chart below.

Laurel Road offers some of the most competitive refinance rates. There is no cap on the amount you can refinance, so it's a good choice for professionals who got a MBA, medical, or law degree. Minimum $5,000 in loans to be eligible.

While Citizens Bank provides private student loans and student loan refinancing & consolidation services. Graduation is not a requirement for refinancing, so it's a good choice for those who didn't complete their degree. Minimum $10,000 in loans to be eligible.

Compare Laurel Road with Citizens Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Laurel Road Student Loans	Citizens Bank Student Loans
	Benefits and Features
Variable APR	2.99%-6.42%	2.63% to 7.98%
Fixed APR	3.5%-6.99%	3.20% to 8.34%
Minimum Amount	$5,000	$10,000
Maximum Amount	No maximum	$350,000
Loan Term	5 to 20 years	5 to 20 years
State Residency	All states eligible	All states eligible
Degree Requirements	Bachelor's or higher	None, but you must have made 12 on-time payments to be eligible
Income Requirements	None	$24,000
Employment Requirements	Must be employed or have an offer	Must be employed or employed before first payment due date
Interest Only Payments	No	No
Origination Fees	None	None
Prepayment Penalty	None	None
Can Use a Cosigner	Yes	Yes
Can Release a Cosigner	Varies case by case	Yes
Auto-Pay Interest Rate Reduction	Yes	Yes
Soft Credit Check	Yes	Yes
Unemployment Protection	Yes	Yes
	CreditDonkey® Reviews
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & Cons	Pros: Low repayment options for medical residency Keep federal grace period Forgiveness is available due to disability Cons: No mobile app Forbearance options are on a case-by-case basis	Pros: Great if you haven't graduated college Loyalty discounts for borrowers with a Citizens Bank account before enrolling Good interest rates for a larger bank Cons: They prefer if you have a co-signer Federal loans cannot be on an income-driven repayment plan when applying
Bottom Line	Good option to maintain your federal loan grace period... Read full review	Good option if you have not finished your degree... Read full review
Laurel Road: Pricing information from published website as of 03/18/2018 Citizens Bank: Pricing information from published website as of 03/18/2018

Which is Better: Laurel Road or Citizens Bank?

Still need help deciding which student loans is better? Read the in-depth reviews below. You may also be interested in comparing Laurel Road or CommonBond.

Articles on Laurel Road Student Loans

Laurel Road
If your student loan interest is too high, consider refinancing with Laurel Road. But wait. Read this review to learn how it works and what to watch out for.
• Laurel Road vs SoFi
• Laurel Road vs Earnest
• Laurel Road vs CommonBond

Articles on Citizens Bank Student Loans

Citizens Bank Student Loans Review
If you've exhausted your federal loan options and still need money for school, private loans may help. Citizens Bank claims to offer the lowest rates and best fees in the industry.

Which Do You Think is Best?

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