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

  • Great term life insurance rates
  • Option of adjusting between term and permanent policies
  • Options to access funds before death or serious illness/injury

Cons

  • Weak customer service
  • Most policies require an exam
  • Long claim review process
Learn more about student loans with Raise

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