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Why should I choose Citizens Bank student loans?

I have been comparing different types of loans that students can use to pay for their education. The two types of loans that have stood out for me are the private loans for college and federal loans. While doing my research, I came across Citizens Bank students loans. A lot of people have great things to say about this loan but I haven’t been able to gather a lot of information about it. Is it advisable to choose this loan and if I decide not to, can I use the bank for services on how to pay off student loans or consolidate federal student loans?

Alexa Spicer

in Student Loans

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Blair Lewis on January 11, 2018

The Citizens Bank student loan is a loan offered to undergraduate students. This loan is a good alternative to federal loans because you get to save up to $643. Apart from these amazing savings, you also get to enjoy amazing discounts and flexible loan repayment terms. Credit history is one of the things the lenders check before approving you for this loan. However, if you have little or no credit, you can apply with a qualified co-signer. The advantage of using a co-signer is the fact that you are more likely to be approved. Apart from this, you will also get lower interest rates on your loan.

There are a number of reasons why you should consider choosing Citizens Bank loans. These include:

  • You can borrow almost as much as federal loans: At Citizens bank, your degree level determines how much money you can borrow. However, you can rest assured that the money will be enough for you to complete your education without any financial difficulties.
  • Flexible repayments: The other reason why you should get private college loans from Citizens bank is the fact that they have very flexible repayment options. You have three options. You can repay the loan immediately, make interest-only repayments or choose to make deferring payments. The time-periods for repaying the loan are 5, 10 and 15 years.
  • Low Interests: Low interests mean that you will be able to repay the loan within a short amount of time.

As for the question of whether it is possible to use the bank’s services for details on how to pay off a student loan or consolidation of federal student loans, it is possible. Apart from lending education loans Citizens Bank also offers refinancing loans which you can use to consolidate your federal loan. When you decide to refinance your loan, you will get the opportunity to ask any question you need to ask including how you can pay off your loan faster and any other questions you might have. The bank is committed to ensuring you get all the help you need. Therefore, do not hesitate to get clarifications whenever you are confused about terms and conditions, repayment or any other thing concerning your loan.

All in all, you cannot go wrong with Citizens Bank loan if you are looking for funds for your education. All your needs can be met at this bank.

Brian Warnera year ago

I wouldn’t advise you to go on any private student loan including the Citizens Bank student loans. This is because I believe federal student loans are the better option. They not only give you flexible repayment options but also offer you a chance to get loan forgiveness. Apart from this, the U.S. Department of Education covers your interest rates while you are still attending college, during your loan grace period and whenever you need to defer payments because you are unemployed or facing a situation that makes it impossible for you to repay the loan. These are things you cannot get any private loan. Another great reason to go for federal loans is the fact that you do not need a co-signer. The federal government offers loans to anyone who needs financial assistance to pay their school fees regardless of whether or not the person has a good credit history.


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