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620 is at the threshold where some private lenders will consider you without a co-signer, but at high rates. Federal loans remain the better option for most borrowers at 620.
Our Top Picks for 620 Credit Score
Best Option
Federal Direct Loans
APR Range6.53% (undergrad)
Min. Credit ScoreNone
Why we recommend it: Federal loans at 6.53% beat most private loan rates available at 620 without a co-signer.
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Best Without Co-signer
Ascent (no co-signer)
APR Range9.99% – 14.99%
Min. Credit Score620 (no co-signer)
Why we recommend it: Ascent is one of the few private lenders that considers 620 borrowers without a co-signer, though rates are high.
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Largest Lender
Sallie Mae
APR Range4.50% – 15.70%
Min. Credit ScoreNo stated minimum
Why we recommend it: Sallie Mae's broad acceptance criteria make them worth applying to at 620, especially with a co-signer.
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Frequently Asked Questions
Can I get a private student loan without a co-signer at 620?
A few lenders like Ascent will consider 620 without a co-signer, but rates are very high (10–15%). Federal loans at 6.53% are a much better deal for most 620 borrowers.
What's the difference between federal and private student loan rates at 620?
Federal undergraduate loans are 6.53% regardless of credit score. Private loans at 620 without a co-signer typically run 10–15% — significantly worse than federal.
Should I take out private loans to cover the gap after federal loans at 620?
Only if necessary. Exhaust all federal loan options, scholarships, and grants first. If you need private loans, use a co-signer to get better rates.