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LendEDU Review | Student Loan Options


ConsumersAdvocate.org Rating: 4.7 / 5 (Excellent)
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LendEDU is an independent online marketplace that allows consumers to compare financial products such as personal loans, student loans, and student loan refinance options from up to 12 different lenders. The company boasts a Better Business Bureau rating of A+ and a nearly perfect Trustpilot score of 9.5.
 
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How is LendEDU rated?

Breakdown

5.0/5
Loan Details
4.5/5
Eligibility Criteria
4.0/5
Customer Experience
4.9/5
Additional Benefits

Overall Rating: 4.7 / 5 (Excellent)

NOTE: On February 3, 2020, the Federal Trade Commission announced that LendEDU has agreed to settle a lawsuit brought by that agency in which the company was accused of misleading consumers into believing that their website provided objective product information, when in fact they offered higher rankings and ratings to companies that paid for placement. The company denies wrongdoing but has agreed to a settlement that would prohibit it from making the same types of misrepresentations and would require it to pay a $350,000 fine. As an online marketplace, LendEDU is a great place to review offers from multiple lenders, which can help potential borrowers shop around for the best deal. LendEDU's student loan resources are a great help. The company enjoys a high rating on Trustpilot and with the BBB.

LendEDU Loan Specifics

Loan Details - 5 / 5

LendEDU is an online marketplace that matches top student loan lenders with applicants for competitive loan offers. Once the borrower selects an offer, they are redirected to the lender's website for the application. Most lenders have loan terms between 5 and 20 years, with fixed and variable rates that vary. Most lenders do not charge any fees, which is a plus.
Loan Types
Undergraduate
Graduate
Career Training
Parent
Loan Term
5, 10, 15, and 20 years
Interest Rates
Fixed
Variable
Repayment Options
Deferred
Fixed
Immediate
Interest-Only

LendEDU Qualifications

Eligibility Criteria - 4.5 / 5

Since LendEDU is not a direct lender, any qualification requirements will depend on the lender selected by the borrower.

LendEDU Customer Experience

Customer Experience - 4 / 5

LendEDU has comprehensive reviews and resources on student loans, which are useful for borrowers. Other services depend on the lender: some of the lenders LendEDU connects consumers with offer discounts and additional services.

LendEDU Company Reputation

Additional Benefits - 4.9 / 5

LendEDU has a 9.8 out of 10 rating on Trustpilot, with 155 reviews, mostly positive, from former customers. Most customers praise how easy to navigate the site was. The company also has an accredited A+ rating with the BBB, but there are no reviews or complaints posted on the site.
Lender Type
Marketplace
Year Founded
2014
BBB Rating
A+
Number of BBB Positive Reviews
0
Number of BBB Negative Reviews
0
Trust Pilot Rating
9.8 out of 5
Date Collected
2018-03-28

Company Profile

Full Name
LendEDU Student Loans
Company Website
https://lendedu.com/
Headquarters
80 River St Ste 3c-2, Hoboken, NJ, 07030
Top Rated
Our Partner

#1 Choice for Students & Co-signers

  • Rates starting at 3.59% APR 1
  • Best option for those with cosigners and good credit
  • Enter to win a $1,000 scholarship, awarded monthly
  • Checking rates won't affect your credit score
  • Flexible options for repayment and no origination fees

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