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Your College Choice: How to See If a School Is Legit
To make sure your college choice is credible, find its credentials, check its track record and look out for red flags.
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Anna Helhoski is a senior writer covering economic news and trends in consumer finance at NerdWallet. She is also an authority on student loans. She joined NerdWallet in 2014. Her work has appeared in The Associated Press, The New York Times, The Washington Post and USA Today. She previously covered local news in the New York metro area for the Daily Voice and New York state politics for The Legislative Gazette. She holds a bachelor's degree in journalism from Purchase College, State University of New York.
Des Toups Lead Assigning Editor | Student loans, repaying college debt, paying for college
Des Toups was a lead assigning editor who supported the student loans and auto loans teams. He had decades of experience in personal finance journalism, exploring everything from car insurance to bankruptcy to couponing to side hustles.
Just because a school has “university” in its name doesn’t mean you’ll get a quality education. When you're making a college choice, you need to look beyond the ads.
A slew of for-profit colleges and career training schools in recent years were accused by state attorneys general and the Consumer Financial Protection Bureau of misleading students with phony job placement rates or misrepresenting their credentials. Big-name chain schools, such as ITT Technical Institute and Corinthian Colleges, stopped operating after legal battles.
But other predatory colleges continue to enroll unsuspecting students.
The easiest way to avoid being duped by a shady school is to search its name with the word “lawsuit.” If you find news articles or court filings about predatory practices, you’ll know to avoid the school. But searching for legal action isn’t the only way to check out a school.
Here’s what else you’ll need to do to determine if your college choice is credible.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
3.59-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. (1)All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. (2)As certified by your school and less any other financial aid you might receive. Minimum $1,000. (3)This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 11/1/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.
Variable APR
5.34-17.99%
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. (1)All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. (2)As certified by your school and less any other financial aid you might receive. Minimum $1,000. (3)This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 11/1/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.
NerdWallet ratingNerdWallet's ratings are determined by our editorial team. The scoring formula for student loan products takes into account more than 50 data points across multiple categories, including repayment options, customer service, lender transparency, loan eligibility and underwriting criteria.
Fixed APR
3.49-15.49%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 10/25/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Variable APR
5.04-15.21%
Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 10/25/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.
Credible lets you check with multiple student loan lenders to get rates with no impact to your credit score. Visit their website to take the next steps.
1. Find the school's credentials
Licensing and accreditation are the bare-minimum credentials a school should have. But they’re not foolproof measures of quality — colleges like ITT Tech and Corinthian were both licensed and accredited.
Having a license means the school meets state standards to operate, although not all states require one.
Accreditation means a school meets standards set by one of the national or regional private agencies the U.S. Department of Education recognizes. Accreditation is the only way schools can get money from federal and state student aid programs. That also means if a school isn’t accredited, you won’t have access to federal loans and grants to pay for school.
Contact the licensing and accrediting agencies affiliated with a school to confirm it’s in good standing.
2. Make sure specific programs are accredited or licensed
To meet the educational requirements to obtain your professional license in certain fields, individual programs must be accredited by a professional accreditation agency. To get a dental assistant certification, for example, you must graduate from a dental assisting program accredited by the American Dental Association’s Commission on Dental Accreditation.
Even if the school is accredited, its programs might not be. You can search for schools in your state that accredit certain programs with the education department’s database. If you'll need a license to work, contact your state's licensing organization or accrediting body to find out if the school’s program meets the requirements.
If you’re starting at a school and you plan to transfer to a different one later, you’ll need to make sure the credits you earn will be accepted elsewhere.
“With any nontraditional pathway, the planning for that pathway is key because there are many more steps to take where students can misstep and get sidetracked or have credits fall through,” says Heather Durosko, the former assistant director of strategic initiatives for educational content and policy at the National Association for College Admission Counseling.
Make sure that you can take courses that will apply toward the degree you hope to eventually earn, Durosko says. Do this by meeting with your current school's transfer advisor to determine which credits will transfer and to learn about the campuses your school has transfer agreements with.
4. Search for a school with a track record
Use the education department’s College Scorecard or College Navigator tool for details on a school’s performance. This includes graduate rates and rates of return after a student's first year.
The scorecard can also show graduates' salaries and how many students earn incomes that are above workers with only a high school diploma. These details are important because you want to attend a school only if you’re confident you’ll earn enough to make the program worthwhile, says Jordan Matsudaira, associate professor of economics and education policy at Teachers College, Columbia University.
“A lot of for-profit colleges — and surprisingly online programs — relative to the most traditional brick-and-mortar school program, tend to be more expensive,” Matsudaira says. “That would be justifiable in some sense if the more extensive programs produced better earnings gains, but that doesn’t appear to be the case.”
If a school advertises job placement or average salaries of graduates, ask for that information in writing. Even though it’s illegal, some schools exaggerate job placement rates in ads.
5. Visit and connect with students
Visit the school, if possible, and check out its facilities to make sure it matches the photos and descriptions online or in ads. While you’re there, talk to current students about what they think of the school and its programs. Or, if the school is online-only, try contacting current students through social media.
You can find graduates to talk to through alumni networks or LinkedIn. Ask about their experience at the school and what they’ve done with their education after graduation.
6. Look out for red flags
Steer clear if you find any red flags, including:
The school’s address isn’t easy to find: Even online schools operate from somewhere
The school’s website address ends in “.com” or “.net” instead of “.edu”
The school won’t provide information on accreditation or licensing
Total cost or graduation rates are difficult to find
The costs are higher compared with similar schools
You’re pressured to enroll or send a deposit
You’re pushed to borrow loans with high amounts or excessively high interest rates
A school promotes its own private loan programs before federal loans, which have more borrower protections
A degree appears too easy to earn
Job placement rates or salary outcomes seem too good to be true