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About Our Loans
About Our Loans
The Advantage Refinance Loan is one of the few loans that let you consolidate both private and federal education loans into one convenient loan.
FIXED rates as low as 5.95% APR* and NO fees! Even lower rates with our autopay discount!
Benefits and Features
- 0.25% Interest rate reduction for using our autopay service
- NO FEES*
- Flexible terms of 10, 15, or 20 years
- Cosigner release available after 12 consecutive months of on-time regularly scheduled principal and interest payments*
- Death and Disability Benefit — If the Advantage Refinance Loan borrower dies or becomes totally and permanently disabled, the borrower and the cosigner (if applicable) are released from the outstanding debt.
- Minimum loan amount is $7,500
- Minimum monthly payment is $50
- No prepayment penalties
- Loans funded and serviced by a trusted not-for-profit agency
To qualify, the borrower must:
- Be a U.S. citizen or noncitizen with proof of residency card
- Have an acceptable income and credit history or an approved cosigner
Eligible Loans
Any school-certified education loan.
Student borrowers may refinance/consolidate their education loans and any parent loans for which they are the benefiting student. Parents may refinance/consolidate their own student loans and any parent loans they have.
Applying with a creditworthy cosigner may help you qualify and/or receive a lower FIXED rate.
Or call 1-800-988-6333 to request an application.
* No application, origination, default, late or NSF fees.
For new Advantage loans, a cosigner release may be available after 12 months of on-time regularly scheduled principal and interest payments, or an equivalent lump sum payment. The cosigner release is dependent upon the loan’s disbursement date, borrowers’ current credit and other factors. The borrower needs to request the cosigner release. A credit review will then be performed to ensure the borrower meets certain credit and eligibility requirements.
"Wow! I had been working with another lender but decided to look into Advantage. And boy, am I glad I did! I was able to get almost a 2% lower interest rate!"
-Sandy K.
"Nice, friendly people. If I had a question with the process, they answered it."
-Jermaine O.