Loans to Help Your Family — and Your Budget

Help your children manage up to 100% of college costs — without sacrificing your future — with the help of a Citizens Bank Student Loan® for Parents. We offer loans with Multi-Year Approval^†, so you’ll know upfront how much money we will lend you across multiple years of college. In year two and beyond, the application is simplified, such that after a soft credit check, you can request your funds for your child’s upcoming school year. Learn More

Considering student loans instead? Check out our undergraduate loan options for students.

Fixed Rates

#ProductLine=Edfi|Brand=citizensbank|ProductSet=trufitParentProductSet|Disclosure=disclosure|DisclosureName=parentFixed|DisclosureAttribute=MinRate# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=trufitParentProductSet|Disclosure=disclosure|DisclosureName=parentFixed|DisclosureAttribute=APRMax# APR^†

Your interest rate will remain constant over the life of your loan and your monthly payment amount will remain the same.

Rate and Repayment Examples

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Variable Rates

#ProductLine=Edfi|Brand=citizensbank|ProductSet=trufitParentProductSet|Disclosure=disclosure|DisclosureName=parentVariable|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=trufitParentProductSet|Disclosure=disclosure|DisclosureName=parentVariable|DisclosureAttribute=APRMax# APR^†

Get a potentially lower rate and lower monthly payments. The interest rate will fluctuate monthly, and therefore, your monthly payment amount will vary over time.

Rate and Repayment Examples

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3 Reasons to Choose Citizens Bank

Affordable

Low rates to
save you more

Lower our competitive rates by 0.50%^† with our loyalty and auto payment discounts plus save with no application, origination, or disbursement fees.

View our rates
Easy

Multi-Year
Approval

Multi-Year Approval^† is a simple way to secure money for school, from orientation to graduation, with just one application.

Learn More
Flexible

Payments on your terms

Whether you are a parent or student looking for a new loan or to consolidate existing ones, Citizens has options to fit your needs — and budget.

Repayment

Choose from 5, and 10-year terms. You also get the option to make full or interest-only payments in school. View our repayment examples.

Eligibility^?
- Applicant (parent or sponsor) must be a U.S. citizen or permanent resident
- The student must be enrolled at least half-time in a degree-granting program at an eligible institution. Half-time enrollment is typically 6-8 credit hours per semester and varies by school. Please consult your school’s financial aid office for details.

Loan Amounts

Minimum: $1,000

Maximum: $350,000

Your child’s college decision is rapidly approaching. You may be looking at the cost of their schools and thinking to yourself, "My savings are only a fraction of this. What am I going to do?"

“I knew my parents had some money that they saved up during my lifetime, and some from my grandparents, but I also knew it wouldn’t be enough to get me very far.”

Once you’ve exhausted all sources of free aid, college savings, and payment plan options, take a look at the leftover cost. How much do you need to bridge the gap? It might be time to check out federal and private loan options.

3 Easy Steps to Apply

Getting a degree takes time; applying for a Citizens Bank Student Loan^® for Parents doesn’t. You can do it in 15 minutes with these 3 easy steps.
Get Started

1

Complete the online application

Apply from your computer or mobile device^†.

2

Select your rate and terms

Choose a fixed or variable rate, the loan term, and how and when you want to repay the money.

3

Sign and accept.

You will sign and accept your loan documents electronically.

Learn More About our Student Loans for Parents

Wondering if the Citizens Student Loan for Parents makes sense for you? The information below can help you decide. Of course, if you have more specific questions, Ask a Citizen.

What do I need to apply?
To complete your application, you must have the following information:
- Name, address, phone number, email address
- Date of birth
- Social Security Number
- Recent pay stub (no more than 30 days old) or other proof of income and monthly housing payment
- Employer name, phone number and length of employment (if applicable)
- Name of school the student plans to attend
- Verification of student’s enrollment at least half-time (typically 6-8 credit hours per semester; varies by school)
- Cost of attendance and any financial aid received (see award letter from your school)
- Student's anticipated graduation date, loan period and loan amount needed
What is multi-year approval?
Citizens Bank is committed to staying with you all the way through graduation. Multi-year approval² provides an easy way to secure funding for additional years in school, without needing a hard credit inquiry for subsequent requests for funds in those later years. When you apply, you will be presented with the total amount you are eligible to borrow for all the years you are in school. If approved, you will be notified after you have submitted your application. This feature is available for both Citizens Bank Student Loan and Citizens Bank Student Loan for Parents. Please note: International students are not eligible for multi-year approval.
Are there any fees to apply for Citizens Bank Student Loans?
The Citizens Bank Student Loan and Citizens Bank Student Loan for Parents have no origination, application, or disbursement fees.
What type of documents could be required to verify my income?
Federal laws and regulations require us to request information from you prior to taking out a student loan or adding a cosigner. The information we request will vary depending on your circumstances but will include your name, DOB, address, social security or taxpayer identification number. We are also required to verify the information you provide to us. This verification process may require you to provide supporting documentation, including verification of income such as bank statements, paycheck stubs, W-2 forms, tax returns or divorce documents. What documents we require is based on the source(s) of income you include in your application.

Want to learn more? See our FAQs section.

Speak with a Student Lending Advisor
1-888-411-0266

Mon – Fri: 8:00 am – 9:00 pm ET
Sat: 8:30 am – 5:00 pm ET

Student Loan Calculator

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College Tuition Calculator

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Rate and Repayment Examples

Interest rate type

Type of Loan

Repayment length

Degree Type

Amount to Borrow:	Immediate Repayment Make principal and interest payments while enrolled in school, beginning about 30 days after funds are disbursed.	Interest Only Repayment Make interest-only payments while enrolled, full payments begin 6 months after leaving school or dropping below half-time status.	Deferred Repayment Make no payments while in school. Principal and interest payments begin 6 months after leaving school, or dropping below half-time status.
Interest Rate
APR
Monthly Payment
Total to Pay Back

Amount to Borrow:	Immediate Repayment Make principal and interest payments while enrolled in school, beginning about 30 days after funds are disbursed.	Interest Only Repayment Make interest-only payments while enrolled, full payments begin 6 months after leaving school or dropping below half-time status.	Deferred Repayment Make no payments while in school. Principal and interest payments begin 6 months after leaving school, or dropping below half-time status.
Interest Rate
APR
Monthly Payment
Total to Pay Back

Amount to Borrow:
Interest Rate
APR
Monthly Payment
Total to Pay Back

* Medical doctorate pricing includes MD, DMD/DDS, OD, DO, and PharmD degrees.

Assumption

Assumption: Citizens One Student Loan repayment examples assume a $10,000 loan in the first year of school with two equal disbursements, the repayment term and interest rate type selected above, and is based on an application with a borrower and a co-signer. Lowest rate shown requires borrower to take advantage of available ACH and loyalty discount to achieve the 0.50 percentage point interest rate savings. Other assumptions include a 21 month in-school period, 6 month grace period, a standard repayment account, and the student remains in school through the expected graduation date.

For interest-only repayment term

Monthly interest payments based on current rates average #ProductLine=Edfi|Brand=citizensbank|ProductSet=trufitParentProductSet|productName=TruFit|rateType=Fixed|repaymentType=InterestOnly|loanType=Undergraduate|term=10|basedOn=10,000|ProductAttribute=loanOptions::repaymentExample::min::interestOnlyPayment#, depending on the interest rate during the 45 month in-school period and the 6 month grace period. Terms and conditions apply. Calculations are estimates only. Actual rates and payment information may vary based on applicable terms. Payment ranges do not reflect selections above.

Citizens One reserves the right to modify interest rates at any time without notice. Such changes will only apply to applications taken after the effective date of change.

See our Citizens One Student Loan page for important disclosure information.

* Medical doctorate pricing includes MD, DMD/DDS, OD, DO, and PharmD degrees.

Assumption¹

Assumption: Citizens One Student Loan repayment examples assume a $10,000 loan in the first year of school with two equal disbursements, the repayment term and interest rate type selected above, and is based on an application with a borrower and a co-signer. Lowest rate shown requires borrower to take advantage of available ACH and loyalty discount to achieve the 0.50 percentage point interest rate savings. Other assumptions include a 45 month in?school period, 6 month grace period, a standard repayment account, and the student remains in school through the expected graduation date. Business and Law assumptions include a 21 month in-school period.

For interest-only repayment term

For interest-only repayment term:Monthly interest payments based on current rates are between $23.44 and $95.55, depending on the interest rate during the in-school period and the 6 month grace period. Terms and conditions apply. Calculations are estimates only. Actual rates and payment information may vary based on applicable terms. Payment ranges do not reflect selections above.

Citizens One reserves the right to modify interest rates at any time without notice. Such changes will only apply to applications taken after the effective date of change.

See our Citizens One Student Loan page for important disclosure information.

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Parent Student Loans

Loans to Help Your Family — and Your Budget

Fixed Rates

Variable Rates

3 Reasons to Choose Citizens Bank

Affordable

Low rates tosave you more

Easy

Multi-YearApproval

Flexible

Payments on your terms

Student Loan for Parents Features

Repayment

Eligibility?

Loan Amounts

3 Easy Steps to Apply

Complete the online application

Select your rate and terms

Sign and accept.

Learn More About our Student Loans for Parents

Student Loan Calculators

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Parent Student
Loans

Low rates to
save you more

Multi-Year
Approval

Eligibility^?