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 is offered in 50 states (and Washington, DC).

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 4.46% up to 12.33%.

It offers a fixed APR that ranges from 5.75% up to 12.10%.

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 $295K.

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:

• undergraduate students
• graduate students
• parents of students

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. Citizens Bank Student Loan only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

U.S. citizens are, of course, eligible for the services offered by Citizens Bank Student Loan. Permanent resident / green card holders are also eligible to apply. 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