About Our Loans

 

Immediate Repayment - Principal Plus Interest

  • 0.25% Interest rate reduction for using our autopay service
  • NO FEES!
  • Can be enrolled less than half time
  • Repayment begins as soon as the loan is fully disbursed
  • Cosigner release available after 36 consecutive months of on-time regularly scheduled principal and interest payments

Immediate Repayment - Interest Only

  • 0.25% Interest rate reduction for using our autopay service
  • NO FEES!
  • Must be enrolled at least half time
  • Interest payments begin as soon as the loan is fully disbursed
  • Cosigner release available after 36 consecutive months of on-time regularly scheduled principal and interest payments
  • Principal and interest payments will begin six months after the student leaves school or drops below half-time status

Postponed Repayment

  • 0.25% Interest rate reduction for using our autopay service
  • NO FEES!
  • Must be enrolled at least half time
  • Repayment begins six months after the student leaves school or drops below half-time status
  • Cosigner release available after 36 consecutive months of on-time regularly scheduled principal and interest payments

Benefits and Features

  • Death and Disability Benefit - If the student dies or becomes totally and permanently disabled, the student and the cosigner (if applicable) are released from the outstanding debt
  • Minimum loan amount is $1,000
  • Minimum monthly payment is $50
  • Loans have a 10-year repayment term
  • Loans can be used to cover a prior year's balance as long as it is no more than 180 days past the end of the loan period and the student is enrolled in a subsequent term
  • No prepayment penalties
  • Loans funded and serviced by a trusted not-for-profit agency

To qualify, the borrower must:

  • Be enrolled at an eligible school
  • Be the age of majority at the time of application based on student's state of permanent residence
  • Be a U.S. citizen or noncitizen with proof of residency card
  • Have an acceptable income and credit history or an approved cosigner

Applying with a creditworthy cosigner may help you qualify and/or receive a lower FIXED rate.

Apply Now

Or call 1-800-988-6333 to request an application.