Key Bank Student Loans

key bank student loansKey Bank, a major financial institution, offers students a variety of valuable options to help bring students through the processes of planning, budgeting, and paying for college. Key Bank is one of the nation’s major lenders, and Key Bank student loans were once a favorable option for students in need of funding for college. However, as an unfortunate result of the 2008 financial crisis and subsequent recession, Key Bank suspended their entire student lending program, which they have not since resumed. As such, students cannot receive Key Bank student loans to pay for their college education at the moment, nor does it seem that the Key Bank student loans program will be resumed anytime soon.

Suspension

Key Bank acted as a third-party lender for federal loans before the Department of Education took over the process of disbursing all federal loans. As a result of the shift in the process of federal loan disbursement, Key Bank lost a large volume of its student lending. After the mortgage crisis and economic collapse of 2008, Key Bank had to suspend any further issuance of Key Bank student loans for an undisclosed period of time.

Although Key Bank student loans are not currently being offered, you can always look for other options. By searching and comparing loans through our Student Loan Comparison Tool, you can apply for loans with lenders such as SunTrust or Sallie Mae.

 
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