Raise

Raise Student Loan Review

Overview

Raise offers private student loans for borrowers with good credit or a creditworthy cosigner. Their goal is to give borrowers a simple and easy loan process— the online application process takes about 10 minutes. Raise provides loan to U.S. citizens or permanent residents living in Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Indiana, Maryland, Massachusetts, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, South Carolina, Tennessee, Texas, Washington, and West Virginia.

What you need to know:

- Interest rates around 6.08%-11.11%
- Min. credit score is variable, but lenders with poor credit or who aren’t currently earning an income will need a cosigner
- Repayment terms of 5,7, or 10-years
- Traditional underwriting criteria

Pros

  • Option to make interest-only payments while in school
  • No origination fee

Cons

  • Students without a strong credit history will have a hard time getting approved without a cosigner
  • No option to defer loans until after graduation
  • Raise loans are not available everywhere
Learn more about student loans with Raise

6.08%-11.11% APR Range
Variable Min credit score
60-120 Months Loan Term