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Laurel Road Student Loans vs LendKey Student Loans

Laurel Road is a good option to maintain your federal loan grace period. How does it compare to LendKey? 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 LendKey connects borrowers with a network of community banks and credit unions to get the best rates. Lendkey's lenders offer both private student loans and refinancing & consolidation services. Many lenders offer the option to make interest-only payments during the first four years. Each lender has its own minimum loan and salary requirement.

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

 Laurel Road Student LoansLendKey Student Loans
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Laurel Road Student Loans

LendKey Student Loans

SPECIAL OFFER
Refinance Student Loans - Learn More

Read LendKey Review

 

Benefits and Features

Variable APR
2.99%-6.42%
2.51% to 7.51% (with AutoPay)
Fixed APR
3.5%-6.99%
3.49% to 7.54% (with AutoPay)
Minimum Amount
$5,000
$7,500
Maximum Amount
No maximum
$300,000
Loan Term
5 to 20 years
5 to 20 years
State Residency
All states eligible
Most states except: ME, ND, NV, RI, and WV
Degree Requirements
Bachelor's or higher
Bachelor's or higher
Income Requirements
None
$24,000
Employment RequirementsMust be employed or have an offer
Must be employed
Interest Only Payments
No
Yes for the first 4 years
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 LoansLendKey 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:
  • Offer interest rate reduction beyond auto-debit reduction
  • Excellent customer service
  • Return policy within 30 days you can return your loan
Cons:
  • Cumbersome application process
  • Lack of transparency regarding loan documents
Bottom LineGood option to maintain your federal loan grace period... Read full reviewGood option for customer service... Read full review
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Refinance Student Loans

Laurel Road: Pricing information from published website as of 03/18/2018

LendKey: Pricing information from published website as of 11/15/2018

Which is Better: Laurel Road or LendKey?

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.

In short: Laurel Road's ease of use and payment flexibility are noteworthy. In particular, the ease of use is impressive. LendKey's interest rates is outstanding.


Articles on Laurel Road Student Loans


Articles on LendKey Student Loans

    LendKey

    Saving thousands of dollars on your student loans sounds perfect, and that's just what LendKey promises. Is it the real deal, though?

Which Do You Think is Best?


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    Best Student Loan Refinance

    What is the best company to refinance student loans? Read this guide to compare interest rates and find out if it's a good idea.

    Should You Consolidate Your Student Loans?

    Consolidating your student loans may lower your payments. But is it always a good idea? Learn the pros and cons of student loan consolidation and refinancing.

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The average student loan debt in the United States is around $35,000. But the type of loan, interest rate, and other factors will determine how much they'll actually cost. Keep reading for an estimate of how much you can expect to pay each month.

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About CreditDonkey®
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.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.