Find the right loan for college
Your College Loan Options
Whether you're sending someone to college or attending school yourself,
the cost of higher education shouldn't stand in the way of your success.
We're here to help.
Take control of college expenses
- You can get up to 100% of the money you need for college, including tuition, housing, books and more
- All loan amounts are school certified, so you won't borrow too much
- Funds go directly to the school, so your tuition bills get paid automatically (and you can still use remaining funds to pay for housing, books and more)
Choose from these loans
- Federal Stafford Loans with a fixed interest rate of 6.8% or lower
- Federal PLUS Loans with a fixed interest rate of 8.5%
- Certified Private Loans with zero origination fees and a 2% Graduation Reward
Compare your options and apply today
- Choose the combination of loans that's right for you
- Apply online in just a few minutes
- Reach a live person 7 days a week if you have any questions
College Loans at a Glance
Many students and parents take more than one loan per single year of school. If a Federal Stafford Loan isn't enough to cover your student's full cost of attending schoolAnnual cost of attending a specific school, including tuition, fees, room and board, books and supplies, transportation and personal expenses.
This amount is determined by your school.,
a Federal Parent PLUS Loan can bridge the gap.
When a parent can help financially, we recommend a
Federal Parent PLUS Loan before applying for
a Certified Private Loan.
| |
Federal Stafford Loans |
Federal Parent PLUS Loans |
Certified Private Loans |
| |
|
|
|
Borrower |
Student |
Parent |
Student (may require a Cosigner) |
Annual Loan LimitLoan amounts are certified and disbursed through your school |
Up to:
| Year |
Dependent |
Independent |
| 1st |
$5,500 |
$9,500 |
| 2nd |
$6,500 |
$10,500 |
| 3rd |
$7,500 |
$12,500 |
| 4th |
$7,500 |
$12,500 |
|
Up to 100% of your
cost of attendanceAnnual cost of attending a specific school, including tuition, fees, room and board, books and supplies, transportation and personal expenses. This amount is determined by your school. minus other aid
|
Up to 100% of your
cost of attendanceAnnual cost of attending a specific school, including tuition, fees, room and board, books and supplies, transportation and personal expenses. This amount is determined by your school.
minus other aid
|
Fees |
0.5% federal origination fee
1% federal default feefor Federal Stafford Loans and Federal PLUS Loans – waived if paid by guarantor |
3% federal origination fee
1% federal default feefor Federal Stafford Loans and Federal PLUS Loans – waived if paid by guarantor |
Zero origination fees |
Interest Rate |
5.6% fixed (subsidized loans)
6.8% fixed (unsubsidized loans) |
8.5% fixed |
Variable based on credit evaluation, from Prime Index plus 1.00% to Prime Index plus 7.75% (see Prime Index & APR) |
|
|
Yes |
Yes |
Yes |
|
|
Not applicable |
Not applicable |
Yes |
Payment Deferment while in School |
No payments due until 6 months after graduation or enrollment in school less than half-time |
Payments typically begin within 60 days of final disbursement; you have the option to defer payments until 6 months after graduation or enrollment in school less than half-time |
No payments due until 6 months after graduation or enrollment in school less than half-time |
Repayment Term |
10 to 25 years |
10 to 25 years |
15 years |
Availability |
Available at all schools that participate in the Federal Family Education Loan Program(FFELP). Eligible schools will display Federal Stafford Loan as an option in the first step of our online application |
Available at all schools that participate in the Federal Family Education Loan Program (FFELP). Eligible schools will display Federal Parent PLUS Loan as an option in the first step of our online application |
Available at many schools with 4- or 5- year degree programs
Eligible schools will display Certified Private Loan as an option in the first step of our online application |
FAFSA Required? |
Yes |
No (but recommended) |
No |
Credit Check Required? |
No |
Yes |
Yes |
Cosigner Required? |
No |
No |
Depends on credit |
| |
|
|
|
