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Steps To Choosing The Best Student Loan In 2024

Parent PLUS Loan rates have gone up again for this season...they are now 9.08% for all a 4% origination fee. 

Private Loans May be an interesting alternative. Borrowers with good credit can get rates starting just under 5% with no fees Below you’ll find a link to a student loan marketplace, where you can compare and get pre-approved.  One of the lenders, Earnest, actually has a Rate Match Guarantee. You’ll also see our suggestion on steps you can take to help ensure you choose the right student loan.

Steps To Choosing the Best Student Loan In 2024:

Step 1: Apply through College Ave to get your rate - CLICK HERE  (3 Minutes To Apply)

Step 2: Apply through Sallie Mae to get your rate - CLICK HERE (No Origination Fee, Usually Competitive Rates)

Step 3: Apply through Earnest to get your rate - CLICK HERE (Will Match Any Competitor Rate) 

Step 4: Compare your private rates to the Federal PLUS loan* and to 3 state loan optionsMassachusettsRhode IslandIowa.

**NOTE:  The federal PLUS loan will have the highest origination fee (4%) and likely the highest rate (~9.08%), but they also offer forgiveness programs for civil service employees and more flexible repayment terms than private or state loans.

Lender Fact Sheet

college ave logo

College Ave

  • Apply in as little as 3 minutes and get an instant credit decision
  • Multiple repayment options from deferred to immediate principal and interest
  • Choice of how long you take to repay the loan - 5, 8, 10, or 15 years
  • 0.25% interest rate reduction when you make required payments by automatic debit
  • Borrow up to 100% of your cost of attendance (minimum $1,000)
sallie mae logo

Sallie Mae

  • Lowest rates shown include 0.25 percentage point interest rate discount with auto debit payments.
  • Applying online is easy - you could receive a credit result in about 10 minutes.
  • Multiple repayment options from in-school payments to deferred. No origination fee or prepayment penalty.
  • Borrow up to 100% of school-certified expenses, whether you're online or on campus.
  • Last year, students were 4x more likely to be approved with a cosigner.
  • Disclosures
earnest logo


  • Check your eligibility in just 2 minutes
  • Fast application and decision-making process
  • Flexible repayment options
  • No fees for origination, disbursement, prepayment, or late payment
  • Skip a payment once per year (once repayment period restarted)
  • Covers up to 100% of the school's certified cost of attendance
  • 9 month grace period (3 months more than most lenders)

On-Demand Webinar 

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