Best Student Loans in New York of February 2024

Ray Prince
Last Update: September 25, 2023 Student Loans by States and Cities

Today, there are plenty of small business loans New Yorkers can take advantage of to bring their business idea to life. Whether it’s a brick-and-mortar business or an online retailer, borrowers of all credit scores can enjoy low-interest rates, favorable repayment terms, and minimal fees.

Keep reading to learn more about small business loans in New York, including the current interest rate climate, types of business loans available, how to qualify, and recommendations on top lenders.

Lender:Loan Amount:APR:Min. Credit Score:Best For:
SuperMoneyUp to $500,000As low as 1.55%UndisclosedPeople who want to see multiple options
SoFiStarts at $5,0004.49% — 8.99%650Good credit
LendKey$5,000 — $300,0003.99% — 10.68%660Good credit
Discover Student LoansUndisclosed4.74% — 15.59%UndisclosedRepayment flexibility and fair credit
Ascent$2,000 — $200,00010.50%—16.75%UndisclosedThose who desire longer grace periods
Edly$5,000 — $25,0005.3% income shareUndisclosedNo cosigner or credit history
Sallie MaeStarts at $1,0004.50% —14.83%UndisclosedShort cosigner release periods

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Why Trust ElitePersonalFinance Guides?

Written by some of the most sought-after finance experts in the industry, ElitePersonalFinance conducts meticulous research on all of our student lenders. Our picks are validated based on APRs, loan repayment terms, fees, and miscellaneous nice-to-haves, such as consumer education and employment assistance. We also wrote our guide with international students across all credit scores in mind.

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Best Student Loans in New York 2022 of February 2024: Key Findings

The best student loans in NY offer up to $500,000 with APRs as low as 1.55%.

NY students with good credit can enjoy APRs of 4.49% — 8.99% (SoFi) and 3.99% — 10.68% (LendKey).

Student loan borrowers can take advantage of alternative student lenders like Ascent and Edly, which offer longer grace periods (9 months) and no cosigner/credit history required.

To qualify for a good credit student loan in New York, you must have a credit score of at least 650.

Student loan APRs in NY rarely exceed 16.75% APR.


Loan Amount:Up to $500,000
APR:0% – 36%
Min. Credit Score:0
Approval:Same day
Terms:Up to 25 years
  • Loan origination fees range between $100 and $500.
  • Late payment fees range between $5 and $50.
  • Most lenders don’t charge prepayment fees.
  • Ongoing maintenance fees vary by each lender.