Pick the student loan that works for you.
Citizens One has the option for you. We know that one choice can't work for everyone. That's why we provide loan options for students and parents, and the information you need to make the right choice.
Altogether, you could reduce your interest rate up to 0.50 percentage points.
Loans from $1,000 to $295,000 depending on your education level.
|Why choose this loan?||
With the Student Loan option, students can:
With the Parent Loan option, parents or sponsors can:
Fixed or variable
Apply once, it’s good until graduation4
Make full or interest-only payments while in school or wait until after graduation7
Make full or interest-only payments while your student is in school8
|Increased loan limits by degree, extended deferment dependent on your degree, and lower rate options.|
5,10 or 15 year options
5 or 10 year options
|APPLY FOR A STUDENT LOAN||APPLY FOR A PARENT LOAN|
Still not sure which loan is right for you? Our Student Lending Specialists can help you through the process.
Contact student lending at 1-888-333-0256.
Looking for help paying for college? Our undergraduate school loans offer competitive interest rate options and flexible repayment terms.LEARN MORE
If you’re ready to advance your education, we’re ready to help. Our graduate private student loan options offer flexible repayment terms and in some cases extended deferment periods.LEARN MORE
Learn about scholarships and grants, understand federal versus private loans, and get tips to minimize your school-related expenses.LEARN MORE
To qualify for a Citizens One Student Loan, you need to:
To qualify for a Citizens One Student Loan for Parents, you need to:
Fill out the fast, easy online Citizens One Student Loan or Student Loan for Parents application. You can even e-sign.
To complete your application, you and your co-signer (if applicable) must have the following information:
Check the progress of your Citizens One Student Loan application. Login here.
We'll disburse your loan funds directly to the school.
*Average savings are calculated using the 2015/2016 Award Year Federal Direct PLUS Loan program reporting (as of 5/11/2016 for quarter ending March 31, 2016 not including Grad PLUS) of originations of ~$11.4 billion to 802,968 borrowers through 873,729 loans with an average loan size of $14,133.84. Average fee savings is possible with either private student loan option we offer, including the Citizens One Student Loan® or the Citizens One Student Loan® for Parents.
Average savings of $925 are calculated using the 2015/2016 Award Year Federal Direct PLUS Loan program reporting (as of 5/11/2016 for quarter ending March 31, 2016 not including Federal Direct PLUS for undergraduate students) of originations of ~$7.0 billion to 324,087 borrowers through 397,217 loans with an average loan size of $21,639.97.
U.S. Dept. of Education. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. Origination fee of 4.272% is valid through September 30, 2016. For Loans first disbursed between October 1, 2016 and September 30, 2017 the origination fee is 4.276%
1 LOYALTY DISCOUNT: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens One, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
2 AUTOMATIC PAYMENT DISCOUNT: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
Citizens One reserves the right to modify or discontinue these benefits at any time. Any changes to these benefits will not affect loans issued prior to the change date.
3 Aggregate limits up to $350,000 for MD, DMD/DDS, OD, DO, PDM, and DVM degrees. Aggregate limits up to $180,000 for cardiac perfusion, chiropractic, cytotechnology, nurse practitioner, occupational therapy, pharmacy, physical therapy, and physician’s assistant degrees.
4 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, we may refuse to allow you to take out additional loans under the multi-year approval feature, terms and conditions will be outlined in your promissory note.
5 CO-SIGNER RELEASE: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.
6 RATES: Rates and offer subject to change. All accounts, loans and services subject to individual approval.
7 STUDENT LOAN REPAYMENT: Student borrowers can make full payments or pay interest only while in school, or defer payments until after graduation (interest continues to accrue during deferment periods).
8 PARENT LOAN REPAYMENT: Parent borrowers have the option to make full payments or pay interest only while the student is in school. Deferment of payment is not offered.
Citizens One Student Loan eligibility: Borrowers must be enrolled at least half-time in a degree-granting program at an eligible institution. Borrowers must be a U.S. citizen or permanent resident or an international borrower/eligible non-citizen with a creditworthy U.S. citizen or permanent resident co-signer. For borrowers who have not attained the age of majority in their state of residence, a co-signer is required. Citizens One reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Citizens One private student loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, and if applicable, self-certification form, school certification of the loan amount, and student’s enrollment at a Citizens One- participating school. Please Note: International Students are not eligible for the multi-year approval feature.
Citizens One Student Loan for Parents eligibility: Borrowers must be a creditworthy U.S. citizen or permanent resident residing in the U.S. and must have attained the age of majority in their state of residence. The student whose education expenses will be paid for with the loan proceeds must be a U.S. citizen or permanent resident and must be enrolled at least half-time in a degree granting program at a Citizens One-participating school. Citizens One reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Citizens One Student Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, and if applicable, school certification of the loan amount, and student’s enrollment at a Citizens One-participating school.
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