Fixed Rates
#ProductLine=Edfi|Brand=citizensbank|ProductSet=Parent|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=Parent|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMax# APR†
This option has interest rates and monthly payments that stay the same over time. Get a rate quote in about 2 minutes with no impact to your credit score.†
Variable Rates
#ProductLine=Edfi|Brand=citizensbank|ProductSet=Parent|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=Parent|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMax# APR†
This option has an interest rate and monthly payments that fluctuate over time. Get a rate quote in about 2 minutes with no impact to your credit score.†
Perks of a Parent Student Loan
Multi-Year Approval†
After applying for a parent student loan, you may qualify for Multi-Year Approval. If eligible, prior to each academic year, simply log in to your account and request funds with no application and no hit to your credit score.
Trusted Lender
We have 40+ years’ experience funding education. Guidance from experts can take you and your student far, even after schooling ends.
Tailored for you
With flexible repayment terms and perks like interest rate discounts† and no application fees, we can find a perfect solution for your needs.
Frequently Asked Questions
We have an established track record of deep credibility and broad expertise with more than 40 years in the student loan business. Over that time, we’ve developed a network of close relationships with college financial aid offices and other student financial aid professionals, which greatly benefits our borrowers.
To qualify for the Student Loan for Parents, borrowers must meet all of the following eligibility criteria:
- Be a U.S. citizen or permanent resident with a valid U.S Social Security number living at a U.S. address.
- Be at least 18 years of age and have attained the age of majority in their state of residence.
- Satisfy all credit requirements.
- Execute an application, promissory note, and any other documents without alterations including the use of whiteout or any adjustments to the wording on any of the documents. (This includes any supporting documentation such as income verification or a paper promissory note).
- Have no prior student loan defaults.
- Meet any other applicable customer identification requirements.
- The student whose education expenses will be paid for with the loan proceeds must be a U.S. citizen or permanent resident and must be enrolled at least half-time in a degree granting program at a Citizens-participating school.
You may borrow up to the maximum qualified loan amount or the total cost of education, whichever is lower. Our student loan does have lifetime aggregate limits (including both federal and private loan debt) of:
Minimum: $1,000
Undergraduate: $225,000
Graduate Degrees: $225,000
MBA and Law: $300,000
Healthcare: $225,000 or $400,000 depending on your degree†
The Citizens Student Loan® has no origination, application, or disbursement fees. And there is no prepayment penalty or any other penalty for paying more than the minimum monthly payment or for paying off the entire loan early.
Most lenders, including Citizens, send loan funds directly to your student's school; others will disburse funds directly to your student, so they can manage their education expenses with flexibility.
We're here to answer your questions
For 40+ years, Citizens has helped students and families bridge the gap between financial aid and the cost of college. Call 866-999-0077 to connect with a Student Loan Advisor, or click the chat icon at the bottom of the screen.
Contact Center Hours:
8:00AM-9:00PM ET Monday-Friday
8:30AM-5:00PM ET Saturday
Chat Hours:
8:30AM-5:00PM ET Monday-Friday
© Citizens Financial Group, Inc. All rights reserved. Citizens Bank, N.A. Member FDIC
† For additional information, please click the † symbols throughout this page to view our student lending disclosures.