Please tell us which school you have in mind so that we can verify that it participates in the EdvestinU student loan program.
Featured Lender:
Fixed and variable APRs ranging from 4.446–10.4440%1 with multiple repayment options
.50% interest rate reduction for having payments automatically withdrawn (included in stated APRs)2
Apply with a cosigner to get the best rates, and know that they could be released after just 24 consecutive on-time payments3
No application, origination, disbursement, or pre-payment fees
1APR or "annual percentage rate" is a calculation of what the loan will cost, taking into consideration interest, fees and length of loan. Accordingly, the APR is subject to increase or decrease due to factors such as changes in the interest rate of variable rate loans, changes in principle due to the capitalization of interest or presence of a cosigner. Variable APR rates may increase or decrease depending on fluctuations in the London Interbank Offered Rate (LIBOR) index. Monthly interest rate accrual is based on the published One–Month London Interbank Offered Rate ("LIBOR") as of the last business day of the previous month plus your applicable margin. As of May 31, 2019 the One–Month LIBOR rate is 2.43%. Lowest rate requires application with a cosigner and 0.50 percentage point interest rate reduction for Autopay benefit. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan. APR’s provided include a 0.50 percent interest rate reduction for authorizing our loan servicer to automatically deduct your payments each month from your bank account (Autopay). APR ranges may include interest rate incentives only available to applicants with a creditworthy cosigner.
2Autopay Benefit: During Periods when payments are due, borrowers are eligible to receive a 0.50 percentage point interest rate reduction on their loan by authorizing our loan servicer to automatically deduct payments each month from the borrower’s bank account. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan.
3Cosigner release allowed if an account is in current standing, after 24 months of consecutive & on–time payments with a borrower FICO >749 for EDvestinU Private Student Loans and minimum income requirement of $30,000 with no foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $100 during the last 7 years. The borrower must not currently be involved in bankruptcy proceeding or had any bankruptcy filings during the past 10 years and cannot have any defaults on education loans.
** Edvisors cannot guarantee financial aid and loan eligibility for site users. Please check with your school or
your lender directly for information related to your personal eligibility. Not all lenders participate in the
Edvisors site. Lenders that participate may not offer loan products to every school.
PrivateStudentLoans.com recommends you consider all financial aid
alternatives including grants, scholarships and federal loans (Federal Stafford, Federal Parent PLUS, Federal
Grad PLUS) prior to applying for private student loans.
PrivateStudentLoans.com is a service of Edvisors Network Inc.
PrivateStudentLoans.com is not a United States Government web site or associated in any way with the William D. Ford Federal Direct Loan Program, the U.S. Department of Education or Federal Student Aid.
Publisher Disclosure: PrivateStudentLoans.com is an independent advertising-supported platform for consumers to search, compare and apply for private student loans, and credit cards. PrivateStudentLoans.com is not affiliated with any colleges or universities. Lender search results for private student loans do not constitute an official college preferred lender list. PrivateStudentLoans.com receives compensation from lenders and credit cards companies that appear on this site. This compensation may impact the placement of where lenders or credit card companies appear on this site, for example, the order in which the lender appear when included in a list, as well as, our recommendations for credit cards. Not all lenders or credit card companies participate in the Edvisors site. Lenders that participate may not offer products to every school, and credit card companies may not offer products to every consumer.
