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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.

Compare Advantage Student and Parent Loans to Federal Loans

Many times Advantage Education Loans and Advantage Parent Loans are more cost effective than federal loans. Our loans are great if you need additional money for college. Below is our comparison chart for more information.

Which loans are best for you?
 ADVANTAGE LOANSFEDERAL LOANS
STUDENT
LOAN
PARENT
LOAN
Undergraduate StudentsGraduate & Professional StudentsPLUS: Graduate & Professional Students, and Parents of Undergraduate Students
STUDENTS
Available for undergraduate students enrolled in degree–granting colleges, universities and community collegesYESCheck out the parent section belowYESN/AN/A
Available for graduate and professional studentsYESCheck out the parent section belowN/AYESYES
PARENTS
Available for parents of undergraduate students enrolled in degree–granting colleges, universities and community collegesCheck out the student section aboveYESN/AN/AYES
Available for parents of graduate and professional studentsCheck out the student section aboveYESN/AN/AN/A
Benefits
 ADVANTAGE LOANSFEDERAL LOANS
STUDENT
LOAN
PARENT
LOAN
Undergraduate studentsGraduate & Professional studentsPLUS: Graduate & Professional students, and Parents of undergraduate students
Low interest rates are FIXED*FIXED interest rates range from 4.05% to 6.99%, based on creditworth- iness and payment plan you choose.FIXED interest rates range from 4.05% to 6.99%, based on creditworth- iness and payment plan you choose.Fixed at 4.45%, subsidized and unsubsidized loans.Fixed at 6.00%, subsidized and unsubsidized loans.Fixed at 7.00% unsubsidized PLUS loans.
Interest rate reduction for auto payYES, 0.25%YES, 0.25%YES, 0.25%YES, 0.25%YES, 0.25%
Origination / Guarantee feeNO Fees!NO Fees!Yes, 1.069% (decreases to 1.066% as of 10/1/17)Yes, 1.069% (decreases to 1.066% as of 10/1/17)Yes, 4.276% (decreases to 4.264% as of 10/1/17)
Available for students enrolled less than half-time statusYES, when on the Immediate Repayment – Principal Plus Interest PlanYES, when on the Immediate Repayment – Principal Plus Interest PlanNONONO
State–based, non-profitYESYESNONONO
Owned and serviced by KHESLC, originated and disbursed by KHEAAYESYESNONONO
Several repayment plans availableYESYESYESYESYES
Minimum loan amount$1000$1000$100$100$100
Student loan: Death and Disability BenefitYES (If the student dies or becomes totally and permanently disabled prior to loan payoff, the student and cosigner are released from the outstanding debt.)N/AYESYESYES for Graduate & Professional Students
Parent loan: Death Benefit N/AYES (If the benefitting student dies, the parent will be released from the outstanding debt.)N/AN/AYES for Parent PLUS loans (If the parent or the benefitting student dies,the parent will be released from the outstanding debt. Disability benefit also applies.)
10–year repayment termYESYESYESYESYES
Prepayment penaltyNONONONONO
Deferment or reduced payments are available if having trouble making paymentsYESYESYESYESYES

* Many companies who offer private loans do so with variable interest rates. Ours are FIXED! So you will not have the risk of unforeseen interest rate increases.

KHESLC is a public, nonprofit organization. Advantage Loans are offered to both students and their parents.