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Professional Group

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Student Loans For College

APRs shown are for undergraduate loans. APR ranges will vary by loan type and may be higher than what is shown here. Lowest APRs are available to the most creditworthy applicants, and include an interest-only repayment discount and Auto Debit Reward.2

student loans for college

Students who get at least a 3.0 GPA (or equivalent) may qualify for a one-time cash reward of 1% of the loan amount on each new Discover undergraduate and graduate student loan. Reward redemption period is limited. Visit for reward and redemption terms and conditions.

There are student loans available for students in undergraduate, graduate, certificate, dental, medical, and health professions programs. Sallie Mae also offers student loans for graduates studying for the bar exam or relocating for medical and dental residencies.

footnote Borrow responsibly 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.

footnote Undergraduate and Graduate School loans are for students at participating degree-granting schools. Career training student loans are for students at participating non-degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify their identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

footnote 5. For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website may be subjected to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.

footnote 6. You must apply for a new loan each school year. This approval percentage is based on students with a Sallie Mae undergraduate or graduate school loan in the 2019/20 school year who were approved when they returned in 2020/21. It does not include the denied applications of students who were ultimately approved in 2020/21.

footnote 10. Available for loans used to pay qualified higher education expenses at a degree-granting institution. The Graduated Repayment Period (GRP) allows interest-only payments for 12 billing periods after principal and interest repayment begins. At the time of the GRP request, the loan cannot be past due. Customers can request the GRP during the six billing periods before and the 12 billing periods immediately after the loan first enters principal and interest repayment. The GRP does not extend the loan term but does increase the Total Loan Cost. Monthly payments after the GRP will be higher than they would have been without it.

footnote Loans for Undergraduate & Career Training Students are not intended for graduate students and are subject to credit approval, identity verification, signed loan documents, and school certification. Student must attend a participating school. Student or cosigner must meet the age of majority in their state of residence. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident), and provide an unexpired government-issued photo ID. Requested loan amount must be at least $1,000.

Student loans offer an opportunity for higher education to those who may not otherwise be able to afford college. They offer immediate financial support for students to invest in themselves and earn a degree that will hopefully jumpstart their future career.

Finding a cosigner who has a good credit history can increase your chances of qualifying for a private student loan and even help lower interest rates. The cosigner shares the same responsibility as the student to pay back the student loan.

Different private lenders have their own terms. College Ave has varying repayment terms ranging from 5 years to 15 years depending on which student loan you select. You choose your repayment term when you apply for your College Ave student loan.

For certain federal student loans, interest charges and loan payments are suspended. Repayment will restart 60 days after the court cases are resolved or June 30, 2023, whichever comes first. For the most up-to-date information about the COVID-19 relief for federal loans, visit the federal student aid website.

Federal student loans come from the U.S. government and are awarded based on financial need. Private student loans come from private entities such as banks and are based on credit and other financial factors.

As time goes on, be sure to make your payments on time and keep the most up to date contact information with your loan provider. This will ensure you receive your monthly statements or any notices on your student loans.

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community 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.

You can find grants and scholarships, student loans, and work-study programs through Federal Student Aid (FSA) to help pay for college or career school. Use the Free Application for Federal Student Aid (FAFSA) to access them.

Before taking a private loan, make sure you need it. These loans generally are not as affordable as federal student loans and offer little repayment flexibility. Read these tips before getting a private loan.

We are excited to announce that we have a new low-interest loan option for Texas students. The FORWARD Loan Program is designed for students who are at least halfway to completing specific degree or certification programs within the fields of Energy, Nursing/Patient Care, Teaching, Technology, and Transportation/Logistics. To see if your program is eligible, refer to the full list here. To qualify, you must be able to complete your program within two years or less.

The Texas Armed Services Scholarship Program encourages students to complete a baccalaureate degree and become members of the Texas Army National Guard, Texas Air National Guard, Texas State Guard, United States Coast Guard, or United States Merchant Marine, or to become commissioned officers in any branch of the armed services of the United States.

Direct PLUS Loans are unsubsidized loans for the parents of dependent students and for graduate/professional students. PLUS Loans help pay for education expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods.

The Free Application for Federal Student Aid (FAFSA) is an application used by virtually all two and four-year colleges, universities, and career schools for awarding Federal, state, and college-funded student aid.

1 NJCLASS cannot be compared to Federal Direct loans, subsidized or unsubsidized, because borrowers must first take Federal Direct Loans before NJCLASS loans. Like the Federal Parent PLUS loan, the NJCLASS family loan is a supplemental loan that can only be used to cover unmet need after all other aid, including Federal Direct Loans, is subtracted from the cost of attendance.

3 Direct PLUS interest rate of 7.543% applies to loans disbursed on or after July 1, 2022 and on or before June 30, 2023. The interest rate for Direct PLUS loans disbursed on or after July 1, 2021 and before July 1, 2022 is 6.28%.

An eligible and creditworthy co-signer, as long as they're a member of Navy Federal, can help applicants with limited credit history or income responsibly borrow and manage their education loans. A co-signer may:

Federal student loans follow guidelines set by the U.S. Department of Education. They typically offer fixed and lower interest rates and more repayment options compared to private student loans. Federal loans have borrowing limits, which may result in a funding gap. But federal student loans aren't credit-based.

Both private and federal student loans typically allow students to defer full principal and interest payments while in school. Some even offer economic forbearance options once a student completes school. And, federal and private student loans can both be refinanced with Navy Federal.

The student applies as the primary borrower. In the case of private loans, parents, a family member or a friend with excellent credit can apply as a co-signer to potentially help lower the interest rate of the loan.

Navy Federal private student loans are subject to credit qualification, school certification of loan amount, and student's enrollment at a Navy Federal-participating school. Navy Federal reserves the right to approve a lower amount than the school-certified amount or withhold funding if the school does not certify private student loans.

Automatic Payments Discount: The discount requires continued enrollment of automatic payments. The borrower authorizes automatic payments from a personal account via Automated Clearing House (ACH). If automatic payments are canceled at any time after enrollment, the rate reduction will not apply until the automatic payments are reinstated. Automatic payments may be suspended during periods of forbearance and deferment. For variable-rate loans, the APR, including the 0.25% rate reduction, may not fall below the floor rate. 041b061a72


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