Citizens One Student Loans: Lender Profile
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By Savingforcollege.com

June 23, 2020

Citizens One is a private student loan lender for both undergraduate and graduate degrees. Additionally, they have options to help you refinance your existing loans.

As with other private loans, it’s recommend to explore your federal loan and grant options (such as Stafford Loans and Pell Grants) before pursuing private loans. In comparison, federal loans offer a number of benefits.

Such benefits include subsidized loans, income-based repayment plans, loan forgiveness options, and loan deferment options. However, there are limits to how much money you can borrow each year via Stafford loans, and you may need to supplement that amount with private loan money.

Here’s what you should know about borrowing student loans with Citizens Bank:

Undergraduate Student Loans

Fees: There are no fees for application, origination, or disbursement.

Minimum Loan Amount: $1,000

Maximum Loan Amount: Borrow up to 100% of your school’s cost of attendance, as determined by the financial aid office. The lifetime borrowing limit is $150,000.

Loan Terms Available: Repay your loan in 5, 10, or 15 years. Deferment is possible for a period of up to 8 years while student is in school.

Cosigner Requirement: Borrower may add a cosigner, but it is not required.

Graduate Student Loans

Minimum Loan Amount: $1,000

Maximum Loan Amount: Borrow up to 100% of your school’s cost of attendance, as determined by the financial aid office. The lifetime borrowing limit is $150,000 for standard graduate degree; $225,000 for MBA or Law; and $180,000-$350,000 for Healthcare depending on the degree. 

Loan Terms Available: Repay your loan in 5, 10, or 15 years. Deferment is possible for a period of up to 8 years while student is in school.

Cosigner Requirement: Borrower may add a cosigner, but it is not required.

Parent Loans

Minimum Loan Amount: $1,000

Maximum Loan Amount: Borrow up to 100% of your school’s cost of attendance, as determined by the financial aid office. The lifetime borrowing limit is $350,000.

Loan Terms Available: Borrower may repay loan in 5 or 10 years. While student is in school, borrower can make full payments or interest-only payments. 

Cosigner Requirement: Borrower may add a cosigner, but it is not required.




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