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BestMoney.com
LendEDU Review
Reviews 95
LendEDU
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LendEDU
LendEDU
Average
Reviews 95
Bestmoney Staff
Feb. 03, 2023
3 min read
BestMoney Staff
LendEDU summary
LendEDU works with a range of lenders in the student lending market. Borrowers are able to compare alternatives without their credit scores being affected. LendEDU informs its customers about all the available options thanks to in-depth reviews of each of its lending partners.
Pros
  • Application takes less than 5 minutes
  • Works with some of the leading lenders in the market
Cons
  • No FAQ section or knowledgebase to help customers make decisions
  • Loan amounts not listed online

LendEDU LendEDU View Rates

LendEDU at a Glance

Founded in 2014, LendEDU aims to redefine how loan marketplaces operate. The company offers a variety of credit services including student loans and refinancing options. LendEDU is not directly a lender, but works with a network of some of the most trusted names in lending and finance to provide uniquely transparent services. The company offers customers the ability to shop for a variety of student loans and refinancing choices directly from their website by using a single application. LendEDU aims to provide more clarity by helping customers make the right decisions through in-depth information and reviews of each partner operating within their network.

Suitable for?

The extensive range of choices available through LendEDU make it an excellent alternative for customers looking to comparison shop for their student loans or refinance loans. The company offers potential borrowers access to in-depth analyses of each lending partner, and can show customers results in a matter of minutes. A simple application gives quick access to a network of lenders in the market including companies such as SoFi, Sallie Mae, and SunTrust. LendEDU only requires a single application to begin the matching process. This is great news for customers who prefer to weigh their options, but are afraid to do so because of the time involved and the possibility of harming their credit scores from several hard credit checks. Overall, LendEDU is ideal for borrowers looking for unambiguous options.

Loan Features

In a major departure from many of its competitors, LendEDU focuses on providing a more transparent lending service for its customers. The company offers an impressive range of features designed to simplify the decision-making process for prospective borrowers, as well as educational tools that help individuals understand of the implications of taking a student loan. LendEDU has developed an impressive network of loan and refinancing providers that includes some of the biggest names in the alternative lending and financial technology world. This includes industry mainstays such as SoFi, LendKey, and College Ave loans. Moreover, LendEDU’s single application takes less than 5 minutes, and will instantly pair applicants to several alternatives for their refinancing needs. For customers who like to do research before purchasing, the company hosts an expansive blog that features a variety of topics, as well as in-depth reviews of each partner participating in the LendEDU marketplace.

Some of the highlights of our LendEDU review:

  • Find potential lender matches in minutes with a simple application
  • Broad range of potential refinance loan terms and interest rates
  • Excellent in-depth reviews of each lending partner
  • Access both private student loans and refinancing loans
  • No hard credit pull required to get matched
  • A network of well-known student lenders
  • Strong educational resources available
  • Up to nine quotes for every match

The Application Process

Customers will appreciate how easy it is to get started with LendEDU. The initial step to apply for a loan through LendEDU is to complete a form that asks for basic details including information regarding a borrowers’ university status. Once this brief questionnaire is completed, customers can view the potential matches available to them. While prerequisites vary from lender to lender, customers should meet as many of these basic requirements as possible when applying for a refinance loan through LendEDU:

  • Be a US Citizen or legal permanent resident
  • Have a steady source of income
  • Be at least 18 years or older
  • Have at least a good credit score (higher than 600)

Borrowers should always remember that LendEDU is not directly a lender, so they will also have to complete a full application for their chosen lender, as LendEDU does not prequalify customers for any of the loans offered through its network. When matched, borrowers can review the different lending option and compare the representative terms available before selecting their preferred partner.

Loan Terms – Essentials

It is important to note that since LendEDU does not originate any of the loans found through its service, loan terms and interest rates will vary from lender to lender. The company does work with several providers that offer both fixed and variable interest rates, as well as an excellent range of repayment terms and loan amounts. Some of LendEDU’s lending partners can finance up to the full cost of attendance with their loans, such as College Ave. Furthermore, LendEDU lets prospective borrowers shop for both private student loans and refinancing options for existing debt.
Student loan refinancing offers only fixed interest rates choices, but still provides an impressive range for customers. Interest rates start as low as 2.47% from ELFI and stretch up from there. For customers who are afraid they may have trouble repaying loans down the line due to unemployment, many of the companies operating in LendEDU’s network offer unemployment protection, as well as short-term grace periods to give borrowers time to get back on their feet. In addition, none of the companies operating within LendEDU’s marketplace charge application fees, origination fees, or prepayment penalties.

Repayment Terms

Borrowers will appreciate the variety of repayment terms provided by many of LendEDU’s partners. Customers looking to refinance their existing loans can choose from repayment periods that start as low as 5 years, but also include options for 7, 10, 15, and 20 years. Overall, users shopping for a student or refinancing loan through LendEDU can find a term that works for their particular needs without having to accept an offer they are unhappy with.

How Safe is It?

One of the biggest security benefits of working with LendEDU’s service is the fact that they are not a lender. The LendEDU privacy policy is very upfront about the data that is collected and how it is utilized.

Help & Support

Customers have several channels available to contact LendEDU should the need arise. The company offers a live chat feature on their website which connects customers to knowledgeable service representatives in a matter of minutes. Apart from live chat, users can reach the company via a toll-free number, with representatives available Monday to Friday between 9:00 AM and 5:00 PM ET. Finally, users can also email the company directly, with responses usually arriving within one business day. Overall, the company’s staff showed themselves to be experienced and well-trained to respond to any question or potential problem.

Deep Dive into Pros and Cons

LendEDU’s service is intriguing, but the company could improve its offerings in certain areas:

  • The company does not offer a FAQ section or knowledgebase to help customers find answers to common questions
  • There is no prequalification process equivalent to those offered by other marketplaces
  • The company does not list loan amounts available - Because they are not directly lenders, LendEDU cannot guarantee any of the terms listed on their site

Even with a few minor shortcomings, there were many aspects of LendEDU’s services to appreciate:

  • The application takes less than 5 minutes and can turn up several matches
  • The company partners with a range of lenders in the student loans market
  • Customer support is efficient and well-prepared - In-depth reviews of each of its lending partners are available
  • Customers can choose between private student loans and refinancing

Summary

A transparent lending marketplace and reliable partners make LendEDU an intriguing alternative for prospective student loan refinance borrowers. The company offers customers a simple way to compare alternatives without having to waste time or endanger credit scores. LendEDU is strongly committed to informing its customers about all the available options thanks to in-depth reviews of each of its lending partners. Additionally, LendEDU’s network offers an excellent variety of different loan terms and interest rates, helping customers find exactly what they need to satisfy their financing requirements.

Physical Address

80 River Street Suite 3C-2
Hoboken, NJ
07030

LendEDU LendEDU View Rates

BestMoney Staff
Written by
Bestmoney Staff
Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.
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See what some costumers are saying about LendEDU
LendEDU
Average
Reviews 95
on
Excellent
96%
Great
1%
Poor
1%
Bad
2%
C
casey
2 years ago
Not a trustworthy company
Not a trustworthy company. I used their site to research student loan refi options and then turned to other sources to get a second opinion. Turns out, LendEDU has been misleading borrowers for years with fake reviews and questionable research. Avoid at all costs.
t
tisseer kawaja
4 years ago
Lousy service
Lousy service
M
mary
5 years ago
.Lendedu
I would recommend this company for sure.
B
brooke
5 years ago
LendEDU helped me a lot
LendEDU helped me a lot! They are really awesome and I will totally get their service again.
P
paige
5 years ago
Great website
Great website! Easy to use
T
tom
5 years ago
Very Helpful Company
LendEDU Is a great company and was so helpful to me
J
jessie
5 years ago
Amazing!!
Easy to use, helpful, reliable.
S
sarah
5 years ago
Very easy site to navigate
Very easy site to navigate. Great tool!
A
alex
5 years ago
Great company
Great company! I really appreciate your help.
W
whitney
5 years ago
Excellent Service
Had a wonderful experience with this company.
M
mike n
5 years ago
No Brainer
Being the first in my family to go to a University LendEDU helped me immensely in my search for logical funding for my education.
E
ej
5 years ago
I have had a great experience with this …
I have had a great experience with this company! I recommend this to anyone in need of a loan.
J
josh
5 years ago
Lend Edu has been an awesome experience …
Lend Edu has been an awesome experience and very helpful!
C
ceccon
5 years ago
Great Concept
Great Concept
L
liam
5 years ago
Excellent
Excellent! No complaints
L
logan
5 years ago
LendEdu doing great things
Love the company, make loans easy to understand and manage. Great group of people as well!
J
jon
5 years ago
LendEDU is a life saver!!!
I went to LendEDU when I was swamped with student loans and they made it painless for me to find the right lender to refinance with and save a ton of money!
C
chris
5 years ago
This is a great company
This is a great company. Easy to use and I also had a lot of help. Two thumbs up.
A
andrew
5 years ago
LendEdu is a great company that really …
LendEdu is a great company that really takes the effort to help their users. Have had a very positive experience and would highly recommend this company.
S
steve
5 years ago
100% I would recommend
100% I would recommend using LendEDU to eveyone I know unbelievably helpful!
H
holt
5 years ago
Love love love!!!!
Love love love!!!!
consumer-image
matt
5 years ago
What a great company that really does …
What a great company that really does their best to make their customers as happy as possible!
N
nick
5 years ago
Lendedu is very professional and easy …
Lendedu is very professional and easy to work with. The people they have in the company are also a delight.
A
andrew
5 years ago
Great!
LendEDU is very easy to use and is aesthetically perfect. Keep up the good work!
T
tyler magner
5 years ago
The best hands down
The best hands down. Find a better company. Reliable, and just outstanding fast customer service, I love it.
T
taylor
5 years ago
Tom was nothing but supportive and …
Tom was nothing but supportive and there for me every step of the way! He was able to give me plenty of options, with back ups when things didn't go my way. When I finally got approved and my loan distributed I couldn't wait to let him know about all of his help. Highly recommend to anyone struggle with student loan refinancing and consolidation.
A
aaron
5 years ago
A great company offering a great …
A great company offering a great service! Thank you!
B
ben
5 years ago
Great site
Great site, easy to use. 10/10 would recommend!
S
susan
5 years ago
LendEDU was so helpful answering all of …
LendEDU was so helpful answering all of my questions. Would definitely recommend to all!
A
adam burak
5 years ago
Adam Burak- LendEDU Review
Awesome company. Really helpful with everything to do with student loans. Would recommend the company to anyone.
P
pete
5 years ago
Wonderful customer experience
Wonderful customer experience. The website was easy to use and the representative who spoke with me over the phone was very helpful.
C
chris
5 years ago
This is the future of refinancing …
This is the future of refinancing industry wide
R
rob
5 years ago
5 Star Experience!
LendEDU's customer service differentiated them from their competitor's! I would most definitely recommend them to a friend.
J
jacob
5 years ago
LendEDU made it EASY
LendEDU was an excellent resource and made an otherwise complex process simple and straightforward.
D
drew
5 years ago
The application process was very easy …
The application process was very easy and I was given a number of options. While I didn't end up refinancing my student loans, it was worth the look.
J
jonathan
5 years ago
I had a great experience with LendEDU
I had a great experience with LendEDU. Very user friendly.
A
alden
5 years ago
Great service!
Great service!
D
daniella
5 years ago
Great resource!
Great resource!
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tom
6 years ago
Great experience
Great experience, would highly recommend using LendEDU.
R
robert
6 years ago
Would highly recommend
Would highly recommend, great staff!
K
krista
6 years ago
LendEDU was very easy to use
LendEDU was very easy to use, and provided me with several options in order to decide the most effective way to refinance my student loans. I would recommend this platform to any individual looking for quick and helpful insight! Not to mention, the staff is incredibly kind and easy to work with!
L
lou
6 years ago
One of the best new companies in the …
One of the best new companies in the league. Grade A service, patience, and effectiveness. I couldn't have received better service from the staff of LendEDU and the results were even better!! All in all, I'm glad I called LendEDU!
M
mike
6 years ago
Great service
Great service
K
karen
6 years ago
Excellent service
Excellent service
P
patricia
6 years ago
Thank you!!
LendEDU saved me THOUSANDS on my student loans. I thought I was out of options and would have to deal with a lifetime of student loan debt until I discovered this amazing company.
P
paul
6 years ago
Great
LendEdu provided fantastic service.
I
ian
6 years ago
LendEDU has been so helpful in allowing …
LendEDU has been so helpful in allowing me to refinance my student loans and save big.
D
dan
6 years ago
Couldn't be happier!
I couldn't be happier with my experience. So easy to save money!
V
vin
6 years ago
LendEDU was a huge time saver for me
LendEDU was a huge time saver for me. Instead of tediously entering my information into different refinancing websites, I only had to do it once. It made it much easier to compare rates.
m
mark
6 years ago
one stop marketplace for personal financing options
nice one stop marketplace for all aspects of personal financing informative with up to date relevant information on finances and lending ease of navigating through the site
A
amanda
6 years ago
LendEDU is easy to use and incredibly helpful
LendEDU helped me navigate the student loan process, they made it incredibly easy. I would highly recommend LendEDU to any of my friends or family!
B
ben
6 years ago
Great experience
Lendedu delivered on its promises and surpassed my expectations. Would recommend.
R
ryan
6 years ago
What a great site this is
What a great site this is! Thanks!!!!
R
rob g
6 years ago
LendEDU were awesome....!!
The guys at LendEDU were awesome - I saved over 30% with their help...!! They really made student loans painless.
C
chris
6 years ago
LendEDU
Great to work with!
D
diane
6 years ago
One email and I was guided to a lender
One email and I was guided to a lender Got a great rate Closed deal in a week with a quick application and a couple of clarifying phone calls Payoff of prior loan two weeks from starting process! Great service!
S
savina
6 years ago
Great site
Great site, amazingly quick and convenient...!! Thanks.
P
pedro
6 years ago
Such a great Company
Such a great company with excellent customer service.
A
amanda
6 years ago
LendEDU is the only site you need to refinance!
There are an overwhelming number of options for refinancing student loans. It's a very daunting task that I prolonged for months trying to compare each lender. I applied to refinance my student loans within a week of joining LendEDU- all of the necessary information is all in one place!
M
matthew
6 years ago
LendEdu cares
The company truly cares about helping its clients.
L
logan
6 years ago
Saved Money
Great customer service, thanks for helping me save a ton of money!!
C
caroline
6 years ago
Great customer service!
Great customer service!
L
linda
6 years ago
LendEDU is a reliable source for news …
LendEDU is a reliable source for news and to find out more information on student loans, refinancing and consolidation.
M
meghan
6 years ago
I had a great experience with LendEDU
I had a great experience with LendEDU. Process was easy and saved me a lot of money. I would highly recommend anyone with college loans to give it a try!
M
molly
6 years ago
The founders are incredibly honest …
The founders are incredibly honest people with personal experiences with student debt. I definitely trust them to help me with mine!
D
donna rivera
6 years ago
LendEdu Keeps You Informed
LendEdu is a great place to go to get unbiased information about student loan debt, the cost of borrowing and the current interest rates on student loans. The marketplace provides student loan debt holders with a great way to lower their interest rate and get out from under their debt. Not to mention you can be an informed borrower since you can see the interest rate from multiple lenders without hurting your credit score.
V
vicky johnson
6 years ago
The refinancing options are not any …
The refinancing options are not any better than my current loans, and the information is not transparent enough. Unfortunately, it makes no sense for me to consolidate my loans at this time. I was really hoping for a better interest rate.
K
kenny
6 years ago
LendEDU showed me the light at the end …
LendEDU showed me the light at the end of the tunnel. I was drowning in student loan debt then they showed up with a lifeboat and a warm blanket. The website was easy to navigate and with the help of their customer service team, I saved a lot of money refinancing. I can't thank them enough and would recommend to anyone!
R
rebecca
6 years ago
a must for every self-supporting student
Lend.EDU makes understanding my loans easy. I recommend it to every student paying for school themselves. I've saved so much money and I read every article of their blog to learn more about personal finance. Highly recommend!!
A
amanda
6 years ago
LendEDU Should Be Your First Stop for …
LendEDU Should Be Your First Stop for Refinancing Your Loans There are a lot of options available when it comes to refinancing your student loans. Rather than spending hours researching all the different options, go to LendEDU's website where you can apply and get quotes from multiple companies. It's fast, it's effective, and it will save you money.I highly recommend it.
A
andrew
6 years ago
Super Efficient
Very quick and easy way to get the best rates on your student loans. That staff was very attentive, and gave great advice once they understood my loan situation. They have the best refinancing options out there, and it has saved me tons on my payments!
E
emma
6 years ago
It worked fine for me
Simple site to use. I was happy that I got to see at least three different quotes. I thought the slider tool was pretty easy to use. Probably my favorite feature being able to adjust my monthly payment and rate. Overall, I would recommend to a friend with private student debt.
D
dan
6 years ago
Great Platform! Saved me more than I thought possible!
I was incredibly happy with LendEDU's site and process. I had no idea how much money I could save.
S
steve
6 years ago
Helped me save Thousands of dollars by refinancing my student loans.
Very easy to use and navigate. loads of information available. Smooth and easy process.
A
ashley
6 years ago
Quick and easy
I had learned about this site through the newspaper. Like many young adults my age, I was buried in student loan debt with what seemed like no end in sight. This process was easy to complete. It was quick, direct, and easy to navigate. When I had questions I received timely responses. I'm incredibly grateful I did this!
A
alex
6 years ago
Game Changer
A close friend of mine recently told me about her terrific experience with LendEdu. She told me that they saved her considerable money when refinancing her college loan. Since I have some pretty hefty loans myself, I thought I would give them a try. Honestly I didn't know much about the process, I only know how much I pay each month. Luckily I got hooked up with Tom Flynn who walked me through the process and answered all my questions and calmed my fears. After a very short time, he was able to set me up with a much better rate than I was paying. The total savings on my loan will be over $12,500!!! I will use the extra money each month to help with my car payments - big help. The process was so easy and I am so grateful to Tom and LendEdu. Thanks so much to helping me get my finances under control and saving me some serious money.
L
lauren
6 years ago
AMAZING! Wouldn't go to anyone else!
They helped me with student loan refinancing - easy, friendly, and effective!!
T
tom
6 years ago
Efficient and Successful
This company is operates with the intent of the user and is an efficient resource for many college students and young people
S
shiloh
6 years ago
Thank you Tom!
Breathing easier after Tom and LendEDU helped me with my loans! Nothing but sunshine and rainbows from here on out!
K
kevin
6 years ago
Easy to apply
I like how they new what I owed and payed the lenders without any problems. I didn't have to talk to anyone and everything turned out great.
D
dan
6 years ago
Wow!
My experience with LendEDU was outstanding. I have gone through the student loan process for years now and no one has provided me with a more beneficial and pleasant service than the LendEDU team. In a short time, they were able to completely refinance my student loans and introduced me to many different loopholes and intricate details of the student loan process that I had never known to exist. Everyone I talked to was extremely pleasant and erudite in the student loans industry. If you're looking for help with your student loans and want to get the best for your money, search no more; LendEDU is the company you've been waiting for.
A
adam
6 years ago
ethical, honest, good customer service, saved me money
ethical, honest, good customer service, saved me money
K
karla
6 years ago
So easy
So easy and wonderful. I am so happy with my refi
K
kirsten
6 years ago
Excellent Service
I am expecting to save over $12,000 after refinancing my student loans with LendEDU! I am very pleased and I would definitely recommend this service to others.
K
keith
6 years ago
Great Experience
Support was very helpful throughout the whole process, and the guides they have helped clarify a lot of things.
P
penny
6 years ago
thanks LendEDU
thanks LendEDU
J
joe
6 years ago
Saved me thousands
LendEDU found me a much better interest rate on my student loan that saved me thousands of dollars. Thank you!
A
andrew
6 years ago
Amazing
Really helped
A
abe
6 years ago
So much better than SoFi and national lenders
The entire process with LendEDU was simple, intuitive and fast. They guided me start to finish with a regional lender based nearby. I got a much better rate than the big guys like SoFi (who is really just Wells Fargo?!). Avoiding an evil multi-national who funds things like the Dakota Access Pipeline was icing on the cake. Highly recommend! Go with Lendedu!!
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cyrus
6 years ago
I trust LendEDU with my financial info
It can be a little scary trying to work on your finances using the internet. You can't always tell which sites are legit and which aren't. Thankfully, I learned about LendEDU from a friend almost 2 years ago. Their site is great for getting money issues solved, especially for people with student loans.
R
richard
6 years ago
Good for comparisons
Good site for comparisons, but for my specific situation it didn't save me anything.
R
robert
6 years ago
Fantastic Service
LendEDU has incredible service and a great product. I am going to recommend LendEDU to all of my friends struggling to make payments on their student loans!
K
kaitlyn
6 years ago
Best Customer Service!
Tom, at LendEdu, was able to answer all my questions about refinancing my current student loans. He was so helpful and made sure I understood everything. This was my first time refinancing my loans and I am so glad I did! Recommended LendEdu to all my family and friends.
S
satisfied customer
6 years ago
Excellent Company
I received great service from LendEDU as they provided me refinance options all in ONE place. I would highly recommend to anyone looking to refinance their student loans.
J
john
6 years ago
Great experience!
Highly recommended to anyone looking for student loan refinancing.