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Laurel Road was initially founded as the national lending division of Darien Rowayton Bank (DRB) in 2013 and acquired by KeyBank in 2019. [1] Laurel Road operates in all 50 states of the US. [2] [3] The company reported that $9 billion in federal and private school loans had originated through its platform up to September 23, 2021. [4] [5]
Key takeaways. Private student loans can help cover any funding gaps for college — ideally, after you've exhausted your federal loan eligibility and applied for grants and scholarships.
Key takeaways. Consider the student loans’ key factors, such as interest rates, fees, eligibility requirements, repayment terms, co-signer options and if the product caters to your educational ...
When you think about getting a student loan, you might not consider going through a bank. As of 2024, only 8.84% of student loan debt belongs to private lenders, while the rest is federal. However,...
A private student loan is a financing option for higher education in the United States that can supplement, but should not replace, federal loans, such as Stafford loans, Perkins loans and PLUS loans. Private loans, which are heavily advertised, do not have the forbearance and deferral options available with federal loans (which are never ...
Private student loans can serve as a lifeline when other forms of aid fall short, as many lenders offer amounts equal to your full cost of attendance. However, these loans are not a one-size-fits ...
LendKey (formerly Fynanz Inc.) is a lending platform and online marketplace that allows consumers to apply for and receive private student loans, student loan refinancing and home improvement loans from their local credit unions and community banks. LendKey's cloud-based tools and infrastructure enable the nation's 13,000+ community financial ...
Federal student loans. Private student loans. Interest rates. 5.50% to 8.05% for loans disbursed before July 1, 2024. 6.53% to 9.08% fixed for loans disbursed after July 1, 2024