Federal and Lender Comparison Chart Details

( Updated May 2025)

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Compare LelaCHOICE Student Loan fixed APRs, fees and terms to those offered through federal direct loans and for-profit lenders. The ranges cover a variety of repayment options and include potential discounts.¹

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¹ Many lenders only offer limited information about their actual rates upfront. They do not provide all the rate details within the range of rates depicted on these graphs. The specific rate an applicant is offered will be determined by the loan type selected and the applicant’s or, if applicable, the cosigner’s credit history and credit score. APRs were retrieved from the lenders’ websites on May 14, 2025, for fixed-rate loans for student borrowers while the student is enrolled at least half time and for parent or family borrowers while the student for whom the loan being requested is enrolled at least half time. The ranges contain rates offered to applicants with a wide range of credit scores and for a variety of repayment options and terms.

Because each lender offers different in-school repayment options and different repayment terms, an identical loan comparison between lenders is not possible. However, the APRs in the chart are listed as the highest and lowest rates for each lender and include potential rate reductions that may not apply to every borrower. For example, a 0.25% automatic payment interest rate reduction (repayment benefit) has been included for the lowest rate displayed for all private lenders as well as the highest rate for Lela, SoFi and College Ave. For complete details on how APRs were calculated, visit the lenders’ websites. The U.S. Department of Education does not provide APR calculations for federal loans. As a guide for comparing costs, however, the expected costs of the Federal Direct PLUS Loan for 2025–2026 are approximately equivalent to an APR of 9.96%, which is based on borrowing $10,000, a 4.228% origination fee and a fixed interest rate of 8.94% during the 120-month principal and interest repayment period.

Before applying for a student loan from any lender, you should consider additional characteristics, including: credit requirements, monthly payment amount, origination fees, capitalization frequency, borrower benefits and protections, repayment term, when repayment begins, and the total amount to be repaid over the life of the loan.