Perks of a Citizens Student Loan™
Multi-Year Approval†
After applying for a Citizens Student Loan™, you may qualify for Multi-Year Approval. If eligible, prior to each academic year, simply log in to your account and request funds with no application and no hit to your credit score.
Benefits of a Cosigner†
Applying with a cosigner (like a parent) could increase your chances of getting approved and with a lower rate.
Discounts on Your Interest Rate
Get a customer Loyalty Discount† if you have a Citizens Student Checking account or other qualified account. We offer an Automatic Payment discount† as well! With these discounts, save hundreds over the life of the loan.
Fixed rate
#ProductLine=Edfi|Brand=citizensbank|ProductSet=Student|Disclosure=disclosure|DisclosureName=undergradfixed|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=Student|Disclosure=disclosure|DisclosureName=undergradfixed|DisclosureAttribute=APRMax# APR†
Your interest rate and monthly payments are locked in for the duration of your loan.
Variable rate
#ProductLine=Edfi|Brand=citizensbank|ProductSet=Student|Disclosure=disclosure|DisclosureName=undergradvariable|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=Student|Disclosure=disclosure|DisclosureName=undergradvariable|DisclosureAttribute=APRMax# APR†
Your interest rate and monthly payments can fluctuate during the repayment period.
Compare Repayment Options
You can also take a look at our rate and repayment examples
Make full payments while in school
With an immediate repayment option, you start making principal and interest payments while still in school.
Pros: Reduce the amount of interest you’ll owe over the life of the loan, and you could build credit while in school.†
Cons: Pay more monthly while in school.
Interest payments while in school
Make interest-only payments while in school, then full principal and interest payments begin six months after you graduate.
Pros: Keep monthly payments manageable, and you could build credit while in school.†
Cons: Pay more interest over the life of the loan than if you choose to make full payments while in school.
Deferred payments while in school
You won’t make any principal or interest payments until after you graduate.
Pros: Make no payments on your loan while in school.
Cons: Pay more interest over the life of the loan.
Not sure which option to pick?
Call or chat with a Student Loan Advisor, or take a look at our rate and repayment examples.
We’ve made it simple to apply.
STEP 1: Get started online in just minutes.
Begin your application by getting your rate quote in about two minutes with no hard credit check.† We’ll let you know if you qualify for Multi-Year Approval. Your rate quote is valid for 30 days.
STEP 2: Select your rate and repayment option.
Choose either a fixed or variable interest rate. Then pick the repayment option that best suits your needs. (TIP: Applying with a qualified cosigner† could increase your likelihood of getting approved and with a lower rate.)
STEP 3: Complete, sign and accept your loan.
Upload any supporting documents, sign your paperwork electronically, accept your agreement and you’re done!
Looking for other college loan options?
Graduate Student Loans
For medical, dental, law or other advanced degrees, we offer graduate student loan options that are tailored to you and your ongoing education.
Explore Graduate Student Loans
Loans for Parents
Give your student the gift of education. A Parent Student Loan is a great alternative to the federal PLUS loan. The qualified parent or sponsor is solely responsible for paying this loan.
Explore Parent Loans
Refinancing Student Loans
Uncomplicate your repayments by refinancing your student loans. Combine federal and private student loans into one monthly payment*.
Explore Student Loan Refinancing
For 40+ years, Citizens has helped students and families bridge the gap between financial aid and the cost of college.
Contact Us
Questions? A real person is just a click or call away.
To connect with a Student Loan Advisor, call 866-999-0077 or click the chat icon at the bottom of the screen.
Contact Center Hours:
8:00AM-9:00PM EST Monday-Friday
8:30AM-5:00PM EST Saturday
Chat Hours:
8:00AM-7:00PM EST Monday-Friday
FAQs
Have more questions? Check out our full FAQs page.
© Citizens Financial Group, Inc. All rights reserved. Citizens is a brand name of Citizens Bank, N.A. Member FDIC
† For additional information, please click the † symbols throughout this page to view our student lending disclosures.
*IMPORTANT INFORMATION
99% of Citizens Undergrad Booked Loans from 6/1/23 through 9/30/23 were cosigned.
Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer. Borrowers should carefully review federal benefits, especially if they work in public service, are in the military, are considering possible loan forgiveness options, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans. For more information about federal student loan benefits and federal loan consolidation, visit https://studentaid.gov/. We also have several resources available to help the borrower make a decision on our website including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
Citizens Scholarship: No purchase necessary. Void where prohibited. The Citizens Scholarship Sweepstakes is open to legal residents of the 50 United States, D.C., and U.S. Territories, who are 16 years of age or older, are students, or prospective students, or parents or legal guardians of students intending to enroll or enrolled at least half-time in an accredited undergraduate/graduate post-secondary institution. To be eligible for a chance to win the Citizens Building the Workforce of the Future Scholarship entrants must be from an underrepresented or a low-income community as described in the Official Rules. Sweepstakes begins at 12:00 AM ET on 7/1/24 and ends at 11:59 PM ET on 3/31/25. Sponsored by Citizens. See Official Rules for details.
Multi-Year Approval: Funds available for future use are subject to a soft credit inquiry at time of your next request to verify continued eligibility. After we make the initial Loan to you, you must continue to meet eligibility criteria to obtain additional funds under the Multi-Year Approval feature. Terms and conditions are outlined in the promissory note. Multi-Year Approval borrowers have a 99% approval rate on future requests for additional funds. The additional funds approval rate is based on the percentage of approved Multi-Year borrowers from Citizens between October 1, 2022 and October 1, 2023. The approval rate represents only borrowers who had previously accepted the Multi-Year Approval offer. Please Note: International students are not eligible for Multi-Year Approval.