As the cost of education continues to rise, more and more students are turning to private student loans to help fund their college expenses. With so many options on the market, it can be overwhelming to choose the right loan for your needs. To help you make an informed decision, we have compiled a list of the 7 best private student loans of 2022.

1. Sallie Mae
Sallie Mae is a well-known name in the student loan industry and offers competitive rates and flexible repayment options. They offer both fixed and variable interest rates, as well as no application or origination fees.

2. Discover Student Loans
Discover Student Loans offers low fixed interest rates and cash rewards for good grades. They also provide borrowers with a choice of repayment options and a cosigner release program after a certain number of on-time payments.

3. College Ave
College Ave offers customizable loan terms and a quick application process. They also provide a student loan calculator on their website to help borrowers estimate their monthly payments.

4. Citizens Bank
Citizens Bank offers a multi-year approval option, which allows borrowers to secure funding for their entire undergraduate education with one application. They also offer interest rate discounts for current customers and automatic payments.

5. Wells Fargo
Wells Fargo offers competitive interest rates and multiple repayment options. They also provide loan forgiveness programs for certain career paths, such as education or healthcare.

6. SoFi
SoFi offers both variable and fixed interest rates, as well as unemployment protection for borrowers who lose their jobs. They also provide career coaching services and networking events for borrowers.

7. CommonBond
CommonBond offers competitive interest rates and a social promise program, which provides funding to educate children in need for every loan they fund. They also offer flexible repayment options and a cosigner release program.

When considering a private student loan, it’s important to compare interest rates, loan terms, and repayment options to find the best fit for your financial situation. Additionally, be sure to consider if you will need a cosigner, and if so, what the requirements are for cosigner release. With careful research and consideration, you can find a private student loan that meets your needs and helps you achieve your educational goals.