Whether you are an undergraduate or graduate student, a private student loan can cover up to 100% of your Cost of Education. Our private student loans can help you pay for tuition, books, room and board, and other costs of a college education.
The advantages of our private student loans include competitive interest rates and loan fees and the ability to pay for education-related expenses incurred from 8 months in the past up to 18 months in the future. And when you apply for our private student loans with a creditworthy cosigner, you may increase your chances of approval and of obtaining a lower interest rate and/or loan fee.
Our private student loans include a 12-month grace period after graduation. 1 Any loan fees are financed so borrowers get a loan with no out-of-pocket expenses. Apply for a private student loan today and get an online decision in less than a minute! |
Interest Rate:
Fees:
Loan Limit:
Repayment:
Credit Decisions:
Discounts:
Cosigner Release:
| Variable Interest Rate; Based on Prime2
Loan fees as low as 0% 3
$250,000 aggregate lifetime
maximum
No in-school payments required 1
Up to a 25-year repayment term,
depending on loan balance
No prepayment penalty
12-month grace period after
graduation or 6 months after a
student drops below half-time
enrollment1
Online decisions in less than a minute
Interest Rate discount when monthly payments are automatically deducted from a checking or savings account 5
Interest Rate discount discount after 48 months of on-time payment5
For those who borrow with a cosigner,
the cosigner may request to be released
from obligation after 36 months of on-time
payment5
A credit check will be performed on the
borrower and the request must be in writing5 |
All loans are subject to credit approval. Lender is Lehman Brothers Bank, FSB. Equal
Opportunity Lender. We are compensated for the referral of private loan customers to the
Lender.
EdAssure offers both a non-certified and a certified loan product. Our non-certified loan does not require schools certification and the proceeds are disbursed in the form of a check mailed directly to the applicant with the stronger credit profile. Our certified loan requires certification by the school's financial aid office and the funds are disbursed directly to the school to be credited to the borrower's account. The interest rates and loan fees associated with our non-certified loan are generally higher than the interest rates and loan fees associated with our certified loan.
1 For our non-certified loan, repayment will begin no later than 60 months after the loan is disbursed.
2 In all cases, interest rates and loan fees vary and are based upon borrower and/or
cosigner (where applicable) credit profile, and other underwriting criteria. See our Rates
and Fees page for Annual Percentage Rate (APR) examples and other important
information about our private student loans.
3 For well-qualified applicants subject to credit approval and other restrictions. A "well-qualified applicant" is an applicant with a strong credit profile according to Lender's current underwriting guidelines accompanied by a creditworthy co-signer.
4 The repayment period may be less than the 25-year maximum allowed depending on the
borrowers indebtedness at the beginning of his or her repayment period and the
requirement that the borrower either satisfies a $50 minimum monthly payment amount
(level schedule) or the terms of a graduated repayment schedule.
5 Borrower benefits terms and conditions are subject to change. |
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