Best low-interest private student loans for fall 2023

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Best low-interest private student loans for fall 2023
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Interest rates vary. Want the lowest one? Here are the best low-interest private student loans to consider this fall.

and non-cosigners, undergrads and graduate students, borrowers with half-time enrollment, and students in MBA programs, medical school and law school.

The lender's standout feature is its rate match guarantee, which promises to match any competitor's interest rate — plus they give you a $100 Amazon gift card to boot. There are also four repayment options, and borrowers get a nine-month payment grace period after graduation.SoFi offers six types of private student loans: undergraduate loans, parent loans, graduate loans, MBA loans, law school loans and health profession loans.

The lender also offers a number of different rate discounts, including auto-payment discounts and discounts for new borrowers, returning borrowers and families. You can also earn SoFi reward points and use them to pay down your loan balance, and there's even unemployment protection included, so in the event you lose your job, you can pause your monthly payments and take advantage of SoFi's job placement assistance.

All Ascent's loans offer nine-month deferred payments after graduation, interest-only payments while in school and a 1% cash-back graduation reward. There is also a 0.25% rate discount for setting up automatic payments.MEFA offers private student loans with fixed interest rates as low as just 5.35%. There are both undergraduate and graduate loan options and undergrad loans come with four different repayment plans.

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