Sallie Mae ® Smart Option Student Loan ® for Undergraduate Students When grants, scholarships, and federal aid are not enough, choose the Smart Option Student Loan® for Undergraduate Students. You can apply for the money you need for college, and the flexibility you want.
× Close We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. This information is for undergraduate borrowers attending degree-granting institutions only. Borrowers and cosigners are equally responsible for making payments on the Smart Option Student Loan until it is paid in full. You must be attending or have attended a participating school located in the U.S. During an eligible prior enrollment period.
This week's FT article, entitled 'Donald Trump's debt to Deutsche Bank,' makes no allegations of wrong-doing in connection with any of Deutsche's loans to Trump or his companies.
You must be a U.S. Citizen or a U.S. Permanent resident or a Non-U.S. Citizen borrower with a creditworthy cosigner (who must be a U.S.
Citizen or U.S. Permanent resident) and required U.S.
Citizenship and Immigration Service (USCIS) documentation. Citizens and U.S. Permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. Are also eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
1Interest rates for Fixed and Deferred Repayment Options are higher than interest rates for the Interest Repayment Option. You’re charged interest and your selected repayment option applies starting at disbursement, while in school and during your separation or grace period. When you enter principal and interest repayment, Unpaid Interest will be added to your loan’s Current Principal. Variable rates may increase over the life of the loan. 2Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
3Borrower or cosigner must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month, and may therefore be suspended during a forbearance or deferment period. 4Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount.
5Only the borrower may apply for cosigner release. Borrowers who meet the age of majority in their state may apply for cosigner release by providing proof of graduation (or completion of certification program), income, and U.S. Citizenship or permanent residency (if your status has changed since you applied).
In the last 12 months, the borrower must be current on all Sallie Mae serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s) individually, and pass a credit review that demonstrates a satisfactory credit history including but not limited to no: open bankruptcy, open foreclosure, student loan(s) in default or 90 day delinquencies in the last 24 months. Requirements are subject to change.
6This promotional benefit is provided at no cost to borrowers with loans that first disburse between July 1, 2018 and June 30, 2019. Borrowers who reside in, attend school in, or borrow for a student attending school in Maine are not eligible for this benefit. No cash value. Terms and Conditions apply. Please visit for complete details. This offer expires one year after issuance Information advertised valid as of SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SALLIEMAE.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION.
Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. Sallie Mae Loans are made by Sallie Mae Bank or a lender partner.
The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Sallie Mae loan customers. © 2018 Sallie Mae Bank.
All rights reserved. SLM Corporation and its subsidiaries, including Sallie Mae Bank are not sponsored by or agencies of the United States of America. Get the money you need for school quickly and at a great price.
Low rates, free to apply, and no disbursement fees. 0.25% interest rate reduction when you make payments by automatic debit. Borrow up to 100% of the school-certified cost of attendance (minimum $1,000). The most repayment choices - and help making sense of them.
No penalty for early repayment We get it. You want to pay as little interest as possible and have monthly payments you can afford. That's why the College Ave Student Loan Product has low rates and multiple repayment options to help you manage the total cost of the loan. × Close College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC.
All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. 1Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
2This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7% variable Annual Percentage Rate (“APR”): 96 monthly payments of $179.28 while in the repayment period, for a total amount of payments of $17,211.20. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. 3As certified by your school and less any other financial aid you might receive. Minimum $1,000.
PNC Solution Loan ™ We realize that covering all of your expenses can be a challenge, especially when government loans and financial aid just aren't enough. Apply for your PNC Solution Loan today so you can get the money you need to finance your education. Choose your interest rate option: variable or fixed rate. Get 0.50% off your interest rate with automated payments from your checking or savings account when making scheduled payments that include both principal and interest. Enjoy flexible payment options: defer until you graduate or leave school, or start paying right away and save on interest. Take up to 15 years to repay. Stay focused on your education — we'll send funds directly to your school.
A co-signer release option is available after 48 consecutive on-time monthly payments and is subject to credit approval. × Close 1 PNC Solution Loans™ are subject to credit approval. 2 Automatic Payment Discount: During repayment, an interest rate discount of 0.50% is available for automatic payments. Borrower must be making scheduled payments that include both principal and interest. Interest only payments do not qualify for the 0.50% interest rate discount. Automatic payment can be established through the loan servicer American Education Services (AES).
Advertised rates include the 0.50% automatic payment interest rate discount. The rate discount will be applied at the time automatic payment is established.
If automatic payment is not established, the available rates will be 0.50% higher than the advertised rates. If automatic payment is established and discontinued at any time during repayment, the borrower will no longer receive an automatic payment discount and the rate will increase by 0.50%.
Discount may also be suspended during periods of forbearance or deferment. Payments may be made from a checking or savings account. A federal regulation limits the number of transfers that may be made from a savings or money market account. Please contact your financial institution for more information on transfer limitations on savings accounts. 3 Students may choose to defer repayment until six months after graduation or ceasing to be enrolled at least half time in school. Interest-only and immediate repayment options are also available.
Interest will accumulate while the student is enrolled in school if payments are deferred. If interest is not paid, the accumulated interest will be added to the principal at repayment. 4 Effective 1/1/2019, variable loan interest rates range from 5.10% to 11.10% and APRs range from 4.94% to 11.10%. Fixed loan interest rates range from 5.79% to 11.79% and APRs range from 5.58% to 11.79%. The monthly payment for the immediate repayment option at a variable rate range of 5.10% to 11.10% for 180 months on a $10,000 loan means you would make 180 payments which may range from $79.79 to $114.87 based on 45 days to first payment due date. The monthly payment for the immediate repayment option at a fixed rate of 5.79% to 11.79% for 180 months on a $10,000 loan means you would make 180 payments which may range from $83.48 to $119.31 based on 45 days to first payment due date. Monthly payments may vary for the interest only and fully deferred repayment options.
All figures are for PNC Solution Loan for Undergraduates. Other terms and conditions may apply to other PNC Solution Loan programs. Advertised rates include the 0.50% discount for automatic payment. The rate discount will be applied at the time automatic payment is established. 5A request to release a co-signer requires that, as of the date of the request, you have made at least forty-eight (48) consecutive timely payments of principal and interest with no periods of forbearance or deferment within the forty-eight (48) month timeframe.
“Timely payment” means each payment is made no later than the 15th day after the scheduled due date of the payment. “Consecutive payment” means the regularly scheduled monthly payment must be made for the most recent forty-eight (48) months straight without any interruption. To qualify for a co-signer release, the borrower must submit a request, meet the consecutive, timely payment requirements, provide proof of income and pass a credit check. Please note: PNC reserves the right to modify or discontinue the terms of this program at any time without notice. Visit pnconcampus.com for additional information, terms and conditions about our loan programs. You are encouraged to explore all scholarship, grant and federal borrowing options before applying for a private loan.
© 2019 The PNC Financial Services Group, Inc. All rights reserved. PNC Bank, National Association. CommonBond Private Student Loan Student loans pay for college or graduate school at thousands of schools across the country Get the help you need to pay for school with CommonBond. We’ve got your back with competitive rates, award-winning service, borrower protections, and multiple repayment options. No hidden fees, no double-digit APRs here. And we offer resources to help you make the right personal finance choices.
We’re on a mission to make student loans more affordable, more transparent, and easier to manage. We provide choices and support every step of the way, and take pride in being a partner on your educational journey.
And the best part? With CommonBond, you’ll always receive a competitive rate. No double-digit interest rates here. Here’s what you get when you choose CommonBond:. Flexibility: Since everyone's financial situation is different, we provide flexibility — so you can make the best descision for yourself –. Borrow up to 100% of your school's cost of attendance. Loan terms of 5, 10, and 15 years, each available at both fixed and variable rates.
Multiple repayment options, from paying as you go while in school (in exchange for a lower rate) to completely postponing payments until you graduate. Service: Our award-winning Care Team is available by phone, email, and live chat to answer any questions you have. Breathe easy — our experts know what you're going through!. Simplicity: With our easy online application, you can get approved in minutes. There are no pre-payment penalties and no hassles. Resources: We provide expert content, helpful webinars, and easy-to-use tools to help you understand the impact of your choices — so you can make the right decisions. Social Promise: Your loan makes a difference.
For every loan we fund we also fund the education of a child in need. We're the first — and only — lender to make that promise. × Close Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each in-school loan product reflects the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, and the applicable Repayment Plan. All loans are eligible for a 0.25% reduction in interest rate (ACH discount) by agreeing to automatic payment withdrawals once in repayment, which is reflected in the APR shown for Full Principal and Interest Repayment Plan loans.
Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of 0.99 as of April 25, 2017. Under the Full Deferment Repayment Plan option, interest and principal may be deferred while a borrower is enrolled in school on at least a half time basis, and for an additional six month grace period (up to a maximum of 60 consecutive months) following (i) graduation, (ii) termination of enrollment, or (iii) if a borrower ceases enrollment on at least a half-time basis, at which time interest is capitalized and a 60-month repayment period (5-year term), a 120-month repayment period (10-year term) or a 180-month repayment period (15-year term) begins. There are three other Repayment Plan options available, an Interest Only Repayment plan, in which principal will be deferred and payments made on interest only during the same period described above after which payments will increase to full principal and interest payments, a Flat Repayment plan, in which payments of $25 will be made during the same period described above after which payments will increase to full principal and interest payments, and a Full Principal and Interest Repayment plan, in which payments will begin immediately after disbursement.
A borrower's actual APR may vary depending on the repayment option selected by the borrower. The dollar amount of the origination fee is based on the amount borrowed and will be added to the outstanding loan balance upon disbursement. Loans are not offered or endorsed by the educational institution that you are attending. CommonBond is not affiliated with any educational institution. For more information, visit. Discover ® Student Loans. Discover Student Loans provides options for Associate or Bachelor's degree programs at eligible colleges and for Masters and Doctoral degree candidates at eligible graduate schools.
You can borrow up to 100% of your school-certified costs (including tuition, housing, books and more). Aggregate loan limits apply. Choice of great fixed or variable interest rates. Count on $0 fees, including application, origination or late fees. You have the option to make either or $25 fixed, monthly payments while in school and during the grace period to lower the overall loan cost. However, you can also choose to defer payments, meaning that monthly payments are not required until after the grace period or enrollment drops below half-time.
Get a one-time cash reward of 1% of the loan amount of each new Discover undergraduate and graduate student loan when you get at least a 3.0 GPA (or equivalent). Reward redemption period is limited. Get a 0.25% interest rate reduction while enrolled in. 6-month grace period for undergraduate loans and 9-month grace period for graduate loans. By adding a cosigner, you may improve your likelihood for loan approval and may lower your interest rate.
Applying online is quick and easy and our knowledgeable, US-based Student Loan Specialists are ready to help you anytime 24/7. Tools and information at can help students and parents through each step of the process — from exploring financial aid to repaying student loans. Ascent Tuition Student Loan Ascent is built around one guiding principle: Student loans should expand your possibilities, not limit them.
Every student's situation is different, so we created the Ascent Tuition cosigned loan to help you get the additional money you need. After you make 24 consecutive on-time payments, you can request to release your cosigner. The Ascent Tuition cosigned loan is designed with you and your family in mind. Loans for undergraduate and graduate students.
Choose from affordable fixed or variable rates. No application, origination or disbursement fees. No penalty fee if you pay off your loan early. Flexible plans to postpone payments until leaving school. Get a discount if you setup automatic payments. Cover up to 100% of college tuition and living expenses with a minimum loan amount of $2,000 and up to $200,000 (or total cost of attendance less aid received). After making 24 consecutive on-time payments, you may be able to release your cosigner.
Customer service that is 100% U.S.-based. Ascent Tuition Student Loans Terms and Conditions Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income. Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB). Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. Loan products may not be available in certain jurisdictions, and certain restrictions, limitations; and terms and conditions may apply.
Ascent is a federally registered trademark of Turnstile Capital Management (TCM) and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank. 1 Variable rate loans are based on a margin between 2.00% and 11.00% plus the 1-Month London Interbank Offered Rate (LIBOR) rounded to the nearest 1/100th of a percent. The current LIBOR is 2.500%, which may adjust monthly.
Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an Annual Percentage (APR) range between 4.25% and 13.25%. Fixed rate loans have an APR range between 5.41% and 14.46%. Competitive rates calculated monthly at the time of loan approval.
(Rates are effective as of and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.) 2Payments may be deferred. Subject to lender discretion, forbearance and/or deferment options may be available for borrowers who are encountering financial distress. 3Making interest only or partial interest payments while in school will not reduce the principal balance of the loan. There are three (3) flexible in-school repayment options that include fully deferred, interest only and $25 minimum repayment. For Ascent Tuition cosigned loan current rates and repayment examples. 4 Flexible repayment plans may be offered up to a fifteen (15) year repayment term for a variable rate loan and ten (10) year repayment term for a fixed rate loan.
Students must be enrolled at least half-time at an eligible school. Minimum loan amount is $2,000. For Ascent Tuition cosigned loan current rates and repayment examples. 5Interest rate reduction of 0.25% for enrollment in automatic debit applies only when the borrower and/or cosigner sign up for automatic payments and the regularly scheduled, current amount due (including full, flat, or interest only payments, as applicable) is successfully deducted from the designated bank account each month.
Interest rate reduction(s) will not apply during periods when no payment is due, including periods of In-School, Deferment, Grace or Forbearance. If you have two (2) returned payments for Nonsufficient Funds, we may cancel your automatic debit enrollment and you will lose the 0.25% interest rate reduction. You will then need to re-qualify and re-enroll in automatic debit payments to receive the 0.25% interest rate reduction. 6 All applicants (individual and cosigner) are required to complete a brief online financial literacy course as part of the application process to be eligible for funding.
7 Eligibility, loan amount and other loan terms are dependent on several factors which may include: loan product, other financial aid, creditworthiness, school, program, graduation date, major, cost of attendance and other factors. Aggregate loan limits may apply. The cost of attendance is determined and certified by the educational institution. 8The legal age for entering into contracts is eighteen (18) years of age in every state except Alabama where it is nineteen (19) years old, Nebraska where it is nineteen (19) years old (only for wards of the state), and Mississippi and Puerto Rico where it is twenty-one (21) years old. NOTE: 1% Cash Back Graduation Reward subject to terms and conditions, see for more details. Ascent Independent Student Loan NON-COSIGNED LOAN FOR ELIGIBLE COLLEGE JUNIORS, SENIORS & GRADUATE STUDENTS (Note: While this non-cosigned loan is only available to eligible college juniors, seniors, and graduate students, we do offer cosigned loans for college freshman and sophomores as well.
Check out our to learn more.) Ascent is built around one guiding principle: Student loans should expand your possibilities, not limit them. That’s why we created the revolutionary Ascent Independent Loan for college juniors, seniors and graduate students without a cosigner. We give you more opportunities to qualify for a loan in your own name. Eligibility, loan amount and other loan terms are dependent on a number of factors which may include: other financial aid, creditworthiness, school, program, graduation date, major, cost of attendance and other factors. You're More Than Just a Credit Score Ascent Independent is a revolutionary private student loan that may help eligible college juniors, seniors and graduate students pay for college without a cosigner. ×Close Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income.
Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB) or Turnstile Capital Management, LLC (TCM), which are not affiliated entities. Certain restrictions and limitations may apply. Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. All loan products may not be available in certain jurisdictions. Other terms and conditions apply.
Ascent is a federally registered trademark of TCM and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank. 1Variable rate loans are based on a margin between 4.00% and 12.50% plus the 1-Month London Interbank Offered Rate (LIBOR), rounded to the nearest 1/100th of a percent. The current LIBOR is 2.500%, which may adjust monthly. Your interest rate may increase or decrease, based on LIBOR monthly changes, resulting in an APR range between 5.89% and 13.16%. Fixed rate loans have an APR range between 6.96% and 13.69%. Competitive rates calculated monthly at the time of loan approval.
(Rates are effective as of and include a 0.25% discount applied when a borrower in repayment elects automatic debit payments via their personal checking account.) 2Payments may be deferred. Subject to lender discretion, forbearance and/or deferment options may be available for borrowers who are encountering financial distress. 3Fully deferred repayment option does not require payments while enrolled in school at least half-time. There are no prepayment penalties, full payments of principle and interest can be made during the deferment period. 4Flexible repayment plans may be offered with up to a fifteen (15) year repayment term for a variable rate loan and ten (10) year repayment term for a fixed rate loan. Available for students enrolled full-time at an eligible school. Minimum loan amount of $2,000.
5Interest rate reduction of 0.25% for enrollment in automatic debit applies only when the borrower signs up for automatic payments and the regularly scheduled, current amount due (including full, flat, or interest only payments, as applicable) is successfully deducted from the designated bank account each month. Interest rate reduction(s) will not apply during periods when no payment is due, including periods of In-School, Deferment, Grace or Forbearance. If you have two (2) returned payments for Nonsufficient Funds, we may cancel your automatic debit enrollment and you will lose the 0.25% interest rate reduction. You will then need to re-qualify and re-enroll in automatic debit payments in order to receive the 0.25% interest rate reduction. 6All applicants (individual and cosigner) are required to complete a brief online financial literacy course as part of the application process to be eligible for funding.
7Eligibility, loan amount and other loan terms are dependent on a number of factors, including: loan product, other financial aid, creditworthiness, school, program, graduation date, major, cost of attendance and other factors. Aggregate loan limits may apply.
The cost of attendance is determined and certified by the educational institution. 8The legal age for entering into contracts is eighteen (18) years of age in every state except Alabama where it is nineteen (19) years old, Nebraska where it is nineteen (19) years old (only for wards of the state), and Mississippi and Puerto Rico where it is twenty-one (21) years old. 9 1% Cash Back Graduation Reward subject to terms and conditions, for details. LendKey Private Student Loan Are federal loans enough to cover the cost of your college education? A LendKey Private Student Loan from a not-for-profit credit union can be the answer to your funding needs.
Variable interest loan based upon 3-month LIBOR index plus margin. Borrow as little as $2,000 or up to the Cost of Attendance per year. Borrow up to $120,000 in undergraduate debt. Borrow up to $160,000 in graduate debt. Use the funds for any qualified educational expense. No prepayment penalty and 30-day loan cancellation policy.
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Forecasters wonder what it will look like when the student loan bubble bursts. Yes, one hedge fund or another will practically mint money by shorting a government-sponsored Sallie Mae. They will crow about their ability to identify the Black Swan beneath the graduation cap. But the real danger, as the student loan bubble deflates, is the stupidity bubble that will suck up all of its air. 'Is it a vital interest of the state to have more anthropologists? I don't think so,' said Florida Governor Rick Scott, a Republican, in 2011.
Help for students he argued, should go towards the job creating disciplines like Science, Technology, Engineering and Mathematics, or the STEM fields. In post-Financial Crisis America, Florida's governor felt quite comfortable dismissing as fluff any hope that we would educate our way towards becoming a culture conversant in philosophy, literature or human dynamics. As with most government handouts, help with college tuition shall be guided by 'the job creators.' Total student loan debt is $1.2 trillion, up from $363 billion in 2005, Vox reports.
Over the last three decades, the price of the average undergraduate education has risen four times the rate of inflation and the price of professional graduate degrees like law school have climbed at three times the inflation rate. As a bachelor's degree remains an expectation for all white collar job applicants it makes sense that costs to obtain one — and to ascend the rest of the post-grad ladder — have climbed as well. There are two types of personal debt currently favored by the U.S. Borrowers can deduct their interest expenses from home mortgage loans and from student loans from their taxes. These two types of debt, the government tells us, are 'good debt.' People who buy homes invest in communities, making life better for everyone around them.
People who invest in their educations contribute more economically and socially. This similarity has led some to opine that student loans will be the next economic calamity in th.