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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
 Learn MoreLearn More
 

Laurel Road Student Loans

Citizens Bank Student Loans

 

Benefits and Features

Variable APR
2.99%-6.42%
2.63%-7.98%
Fixed APR
3.5%-6.99%
3.20%-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 RequirementsMust be employed or have an offerMust 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

 Laurel Road Student Loans
Customer Service
Loan Term
Ease of Use
Interest Rates
Payment Flexibility
Pros & ConsPros:
  • 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 LineGood option to maintain your federal loan grace period... Read full reviewGood 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


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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CreditDonkey is a student loan comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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