Bankrate.com has released its latest study on student loan interest rates, and the numbers are in.
The site also released its own “Best Student Loans” list, which ranked the top 50 highest-interest-rate lenders across the country.
It says interest rates are typically much higher in states that have lower populations, but they are typically closer to a national average, at around 8.75% on average.
For a variety of reasons, interest rates can vary so much between lenders, and for borrowers who qualify, the best option may be to take out a loan from one of the five largest lenders in your state.
The Top Five Lenders in Your StateNow that you have a better idea of which lenders are best in your area, you can choose which lender you want to consider and how much to borrow.
The LendingTree website lists several loan categories that lend to borrowers who need loans and who can pay back their debt within 10 years.
The most popular loans for borrowers with low credit scores include the Borrower-to-Be and Low-Income-Owned loans, which lend to people with credit scores below 700 and credit worth less than $150,000.
These loans have lower interest rates than some other loans on the list, such as the Personal Loan, which offers interest rates of 2.4% on an adjustable rate, or 4.75%, on a variable rate.
The Personal Loan has a 4% APR and has a 5-year term.
The other three loans on Lending Tree’s list are the Community Loan, Family Loan, and Small Business Loan.
These loans have a 2.25% interest rate, and are available to borrowers in the 25 to 64 age bracket, according to the Lendingtree website.
LendingTree says these loans are popular among borrowers with no credit history, those with credit score under 700, and borrowers with a low income.
For these borrowers, the most popular loan type is the Low Income Home Equity Loan.
LendUp is a lending platform for low-income borrowers with less than a $1,000 monthly credit limit, and its default rate is 5.1%.
LendingUp has no interest rates on loans of less than up to $5,000, but does have lower-interest loans with lower-rate fees.
The company also offers a free credit report and an annual subscription to LendingClub, a marketplace for low and moderate-income homeowners.
Here’s a breakdown of the top 10 lenders for borrowers, according the Lenders.Bankrate.