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Advantage Education Loan (TEST)

Advantage Loans offers dedicated customer support for student loan borrowers.
Last updated on September 11, 2023
Tina Chen
Written by 
Assigning Editor
Tina Chen
Written by 
Assigning Editor

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Student loan ratings

Advantage Education Private Student Loan review

Advantage Education Private Student Loan
Advantage Education Private Student Loan

4.5
NerdWallet rating
Min. credit score
Does not disclose
Fixed APR
5.29-8.04%

Pros

  • Forbearance of 24 months is twice as long as most lenders.

  • Loans are available if you’re enrolled less than half time.

Cons

  • Fewer repayment terms than other lenders offer.

  • Borrowers are not able to defer loans if they return to school after their grace period ends.

Best for nontraditional or part-time students.

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Advantage Education Loan Student Loan Refinance review

Advantage Education Loan Student Loan Refinance
Advantage Education Loan Student Loan Refinance

5.0
NerdWallet rating
Min. credit score
670
Fixed APR
5.95-9.99%

Pros

  • You can refinance without a degree.

  • Forbearance of 24 months is twice as long as most lenders.

  • You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

  • Loans aren’t available in Alaska, Delaware, Illinois, Iowa, Nevada, New Jersey, Maine, Maryland, Rhode Island, Washington, Washington D.C.

  • You cannot postpone repayment if you re-enroll in school.

Best for borrowers who didn’t graduate.

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