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Save some serious cash with Advantage Education Loans! Student and parent Loans - Fixed rates as low as 4.01% apr* with auto pay. Refinance Loans - Fixed rates as low as 3.74% apr with auto pay.

The Advantage Parent Loan is a great option for parents of undergraduate and graduate students who need additional money for college. Once students have exhausted their grant and scholarship options, it's good to know there’s another education loan product for you to help them.

FIXED interest rates as low as 4.01% APR* with auto pay.

Your FIXED interest rate is based on credit history, income, repayment plan selected, borrower's state of residence and other factors, plus there are NO FEES! Take advantage of our auto pay service for even lower rates.
Compare loans.

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

Immediate Repayment – Principal Plus Interest

  • 0.25% Interest rate reduction for using our auto pay service
  • NO FEES!
  • Student status can be less than half‐time enrollment
  • Repayment begins as soon as the loan is fully disbursed

Immediate Repayment – Interest Only

  • 0.25% Interest rate reduction for using our auto pay service
  • NO FEES!
  • Student must have at least a half‐time enrollment status
  • Interest payments begin as soon as the loan is fully disbursed
  • Full repayment begins six months after the student leaves school or drops below half‐time status

Postponed Repayment

  • 0.25% Interest rate reduction for using our auto pay service
  • NO FEES!
  • Student must have at least a half‐time enrollment status
  • Repayment begins six months after the student leaves school or drops below half‐time status

Benefits and Features

  • Death Benefit – If the benefitting student dies, the parent and 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 60 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 nonprofit agency

To qualify, the parent must:

  • Be the parent or stepparent of an eligible student
  • Be a U.S. citizen or non–citizen with proof of residency card
  • Have an acceptable income and credit history or an approved cosigner

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

 

* Parent loan 4.01% APR based on freshman with a $10,000 loan using auto pay, Immediate Full Repayment plan, excellent credit, 10-year repayment term.

Advantage Parent Loans are private loans and are available for parents of undergraduate and graduate students who need additional money for college. Students should apply for 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 credit history, income, repayment plan selected, use of auto pay, borrower's state of residence and other factors. Advantage Parent Loans are owned, managed and serviced by KHESLC, a state‐based non‐profit lender. We do not sell or subcontract our loans. Rates current as of 7/1/17.