-
Apply Now
-
About Our Loans
Rates
Interest rate effective date is 05/27/2023.
| Repayment Plan Options | Fees | APR Rate Tiers *
(All rates fixed for the life of the loan) |
|---|---|---|
| Immediate Repayment
principal and interest after final disbursement | 0.00 | 5.29% - 7.09% |
| Interest Only
interest only after final disbursement | 0.00 | 6.39% - 7.69% |
| Deferred Repayment
postponed until out of school for six months | 0.00 | 7.44% - 8.04% |
Rates are reduced even further when you take advantage of our autopay service!
* APRs and quoted savings are representative samples for educational purposes only and may not reflect current or actual loan rate offers or available percentage rates. Your actual APR will depend upon your credit transactions and credit history and will be determined once a credit decision is made. Advantage Education Loans have no application, origination, default, late or NSF fees.
Advantage Education Loans are private loans. We recommend applying for all eligible grants and scholarships first. We reserve the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice. Rates vary based on the repayment plan you've selected, your credit history and other factors. Advantage Education Loans are owned and managed by KHESLC, a state-based, non-profit lender. We do not sell or subcontract our loans.
For new Advantage Education 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.
Interest rate effective date is 05/27/2023.
Looking for an easy way to determine what your monthly payment and total interest paid will be on the loan amount you think you need to borrow?
Enter the loan amount, the interest rate, credit, repayment plan, and the number of months of schools left. The calculator will give you the monthly payment amount.
Enter your Current Loan
The Loan Amount field must be filled with at least 1000 to compute.
How's your Credit?
Good
Repayment Plan
- Immediate Repayment
- Interest Only
- Deferred Payment
All Advantage Education Loans and Advantage Parent Loans use a repayment period of 10 years
Months left in school must be between 6 months and 78 months.
Current Loan Representation
New Monthly Payment
$127.10
Total Interest Paid
$4,500
Total Paid
$12,400
