Last Updated: 04/18/2025
Citizens Bank Student Loan
Unaffiliated
in Private Student Loans from Citizens Bank
Last Updated: 04/18/2025
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Highlights
Fixed APR
4.99% - 14.25%
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Variable APR
4.89% - 14.52%
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Amount Range
$1,000 - $150,000
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Citizens Bank Student Loan Review
Citizens Bank Student Loan is offered by Citizens Bank, a bank founded in 1828 and based in Providence, RI. Citizens Bank Student Loan are available in 50 states and Washington, DC.
Citizens Bank Student Loan FAQ
What rates does Citizens Bank Student Loan offer for in-school private student loan?
Citizens Bank Student Loan has a variable APR that ranges from 4.89% up to 14.52% .
It offers a fixed APR that ranges from 4.99% up to 14.25% .
Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.
How much can you borrow from Citizens Bank Student Loan?
Available loan amounts may vary by applicant but Citizens Bank Student Loan has a minimum loan amount of $1K and offers loans up to $150K.
Does Citizens Bank Student Loan charge an origination fee?
No, Citizens Bank Student Loan does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Citizens Bank Student Loan charge prepayment fees?
No, Citizens Bank Student Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
What terms does Citizens Bank Student Loan offer?
Citizens Bank Student Loan provides repayment terms ranging from 5 to 15 years.
What type of borrowers will Citizens Bank Student Loan consider?
Citizens Bank Student Loan considers loans applications from:
What do you need to qualify for Citizens Bank Student Loan?
Citizens Bank Student Loan does not require or does not disclose a credit score minimum. Citizens Bank Student Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Citizens Bank Student Loan. An uncommon feature is for lenders to offer their services to non-residents. Citizens Bank is one of the few that does.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of citizenship or residence permit
- Proof of residence
- References
Is Citizens Bank a legit company?
Citizens Bank was founded in 1828, it is a well-established company that has been in business for 198 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
Citizens Bank Student Loan Disclosure: "Lowest rates shown are for eligible applicants, require a 5-year repayment term, borrower making scheduled payments while in school and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice."
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from our editor
What do we love about the Citizens Bank Loans?
First and foremost, the application process to refinance a student loan at Citizens Bank is straightforward. The company offers a wide selection of financing options, such as variable and fixed interest rates. Citizens Bank also offers autopay discounts, forbearance, and cosigner release options.
What could the Citizens Bank do better?
Citizens Bank’s eligibility and credit score requirements are tough. In fact, if you want to refinance your loan, you will need more than just an average credit score and income. As a reputable refinancing and lending institute, it would be great for students to apply for a loan with a credit score below 680.
Citizens Bank can also help out individuals to choose between variable and fixed interest rates. And that’s because there is usually a high probability of increased interest rates that can harm your debt repayment options in the future.
The backstory of Citizens Bank
Since its foundation in 1828, Citizen Bank continues to be one of the most prominent and biggest financial institutions in the States. The company first started to offer its first student refinancing loan back in 2014. Citizens Bank claims that its customers, on average, save more than $1,500 a year year through its refinancing options. Over the years, the bank has managed to extend its operations in 1,200 branches with more than $151 billion assets.
The Verdict
The rules of refinancing have always been simple; the higher the income, the better the chances of approval. And if you’re looking for the most secure and reliable student loan refinancing option, Citizens Bank should be on your list of considerations.
Unlike other traditional banks, Citizens Bank offers competitive features without high cost-structure. However, keep an eye on the changing features, rates, and eligibility requirements set forth by the Citizen Bank before and during the application process.
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Student Loan Refinancing
Rating not yet determined (2 Reviews)
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Citizens Bank Student Loan Community Reviews
Would you recommend Citizens Bank Student Loan to your friends?
U
Anonymous
Feb 10, 2022
May or may not recommend
Citizens did not compete their part of the deferral process for our loan and sent to our credit report 3 missed payments. They validated that they made a mistake but refuse to fix the problem. They keep saying that it is fixed and that we will get a letter in 3-5 days but this has been 2 months and I have received nothing. I asked to talk ...Show More
NC
Nick C.
Jan 21, 2021
May or may not recommend
I had two months of loan payments that showed up as unpaid somehow. When I tried to call to inquire as to how, I was put on hold for two hours, before I spoke to a representative who was as confused as I was. When he finally came up with an answer, it was that the payments were "lost in the system" and that there was nothing that could be ...Show More
U
Anonymous
Aug 3, 2015
May or may not recommend
Citizens Bank offers student loans with high limits and reasonable interest rates. That's the good. But like most private student loans, there are no provisions for borrowers who experience financial hardship.
Showing 3 of 3 reviews
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