Student Loans

Looking for a flexible loan to pay for college?

Citizens Bank has the option for you. We know that one choice can't work for everyone. That's why we provide loan options for students and parents, and the information you need to make the right choice.

Compare our loan options >

Features of our student loans

Interest Rate Discounts

  • Already have an account with us? Take 0.25 percentage points off your interest rate.1
  • When payments are due, set up automatic payments to take an additional 0.25 percentage points off your interest rate.2

Altogether, you could reduce your interest rate up to 0.50 percentage points.

No Application Fees

  • No application or origination fees.
  • An average fee savings of $604* when compared to the Federal Direct PLUS Loan for parents.
  • Get an average fee savings of $925* with a better alternative to the Federal Grad PLUS Loan.

Loan Amounts

  • Loans from $1,000 to $170,000 depending on your education level.
Loan Amount Details

Compare our student loan options side by side

Citizens Bank Student Loan™ Citizens Bank Student Loan™ for Parents
Why choose this loan?

With the Student Loan option, students can:

  • Start building credit
  • Reserve funding for multiple years3
  • Share responsibility with the help of a co-signer4

    For students with little or no credit history, a qualified co-signer may help you secure a lower interest rate.4

With the Parent Loan option, parents or sponsors can:

  • Save with no application fees, unlike the Federal PLUS Loans
  • Help minimize the student’s debt
Interest rates5

Fixed or variable6

Fixed7

Repayment Make full or interest-free payments while in school or wait until after graduation8 Make full or interest-free payments while your student is in school9
Graduate Student Benefits Increased loan limits by degree, extended deferment dependent on your degree, and lower rate options.
Loan length

5, 10 or 15 year options

Rate and repayment examples

5 or 10 year options

Rate and repayment examples
Apply for Student Loan > Apply for Parent Loan >

Still not sure which loan is right for you? Our Student Lending Specialists can help you through the process.
Contact student lending at 1-888-411-0266.

Application timeline

What to expect when you apply for our college loans:

Submit an application
Once approved, choose your rate and repayment length
Upload requested documents
E-sign your loan
School receives payment

The student loan process,
month by month

Wondering what needs to happen when? Find out with our calendar for college loans.

View Calendar >

Paying for school: Student loan options & more

Understand scholarships and grants, different types of student loans, and more. Read more about the student loan process

Undergraduate student loans

Looking for help paying for college? Our undergraduate school loans offer competitive interest rate options and flexible repayment terms.

Learn More >

Graduate student loans

If you’re ready to advance your education, we’re ready to help. Our Citizens Bank Graduate Student Loans offer competitive interest rates and flexible repayment terms.

Learn More >

FAQs

Who’s eligible?

To qualify for a Citizens Bank Student Loan, you need to:

  • Be a U.S. citizen or permanent resident. International students can apply with a creditworthy U.S. citizen or permanent resident co-signer.
  • The student must be enrolled at least half time in a degree-granting program at an eligible institution.
  • Have good credit or have a qualified co-signer.
  • Have attained the age of majority in your state of residence or if you have not met the age of majority in your state of residence, a co-signer will be required.
  • Have no prior student loan defaults.

To qualify for a Citizens Bank Student Loan for Parents, you need to:

  • 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 your state of residence.
  • Have no prior student loan defaults.
  • The student must be enrolled at least half time in a degree-granting program at an eligible institution.
  • The student must be a U.S. citizen or permanent resident.

How do I apply?

Fill out the fast, easy online Citizens Bank Student Loan or Student Loan for Parents application. You can even e-sign. To complete your application, you and your co-signer (if applicable) must have the following information:

Financial Information: Recent pay stub (no more than 60 days old) or other proof of income and monthly housing payment.

School Information:

  • Student’s graduation date, loan period and the loan amount.
  • Student’s name, date of birth and Social Security Number.
  • Name of school the student is attending.
  • Cost of attendance and any financial aid received (see award letter from the school).

Student Reference: Student borrowers will be required to provide a personal reference, who is an individual that does not live at the same address and is not their co-signer.

What if I already have an application?

Check the progress of your Citizens Bank Student Loan application. Login here

How will my loan funds be sent?

We'll disburse your loan funds directly to the school.

How long will I wait between applying for the student loan and having access to the funds?

Your school will set the disbursement date(s) for your loan and make funds available to you upon receipt. Once that happens, we have a quick and easy application process that allows you to complete all required documentation in a few business days.

What can private loans be spent on?

Private student loan money—the kind lent by banks and credit unions—can be used for direct and indirect education-related expenses including:

  • Tuition
  • Room and board
  • Housing costs (if living off campus)
  • Books and other supplies
  • Lab fees
  • Transportation
  • Supplies
  • Child care for dependents

Some private and alternative loans allow you to buy or rent computers.
Your school must certify the maximum you can borrow each year.
The Citizens Bank Student Loan™ is a loan that can be used to cover education-related expenses, including past due balances.

 
Have a Question?
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