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Laurel Road Graduate Student Loan Review
Graduate School Loans
Rewards: Graduation & Employment Discount, Autopay Discount
Yearly Borrowing Limit: Up to 100% of your full yearly Cost of Attendance
Overall Borrowing Limits: $5,000 (minimum)
Cosigner Terms: Cosigner is optional, offers Cosigner Release after 36 months of on-time payments
Rewards: Graduation & Employment Discount, Autopay Discount
Yearly Borrowing Limit: Up to 100% of your full yearly Cost of Attendance
Overall Borrowing Limits: $5,000 (minimum)
Cosigner Terms: Cosigner is optional, offers Cosigner Release after 36 months of on-time payments
The bottom line
Laurel Road student loans, offered by KeyBank, are among the most flexible when it comes to applying and repaying. Though they have a high minimum borrowing limit, their interest rates are among the lowest in the market.
Pros- Covers up to the full cost of attendance at your school
- Offers repayment options under 10 years and of 20 years
- Offers a 0.25% interest rate discount when you graduate and secure employment
Cons- Charges a late fee
- Has a high borrowing minimum ($5,000)
- Offers a fixed repayment option, but with a $50 minimum
Loan comparison
Full review
Laurel Road Graduate School Loans stand out as having some of the most flexible qualification requirements. They don't require you to be enrolled full-time, offered in all 50 states, don't require Satisfactory Academic Progress, and only perform a soft credit inquiry if you want to check your rates before applying. For this reason, we rate them among the best lenders for graduate students.
Their interest rates are also below average when compared to other graduate school lenders. It also helps that Laurel Road offers some neat discounts. One of them is a 0.25% interest rate discount when you graduate and secure a full-time job offer, lessening your future debt load as soon as you finish school.
There are some drawbacks, however, to going with Laurel Road. They require you to borrow at least $5,000, which is higher than usual. If you're late on a payment, be prepared to pay a late fee. And even though they offer a fixed repayment option like other lenders, their fixed payment is a minimum of $50 a month.
KeyBank (Laurel Road) - Graduate School Loans
Other loans that KeyBank (Laurel Road) offers:
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