For College Students

We offer low-cost Federal Stafford Loans, including subsidized and unsubsidized loans. And if you want more options, we offer Certified Private Loans – totaling up to 100% of your college expenses.

For both Federal Stafford Loans and Certified Private Loans, you won’t have to make any payments while you are enrolled in school at least half-time. Our private loans have zero fees and a 2% Graduation Reward – that’s zero up-front cost and a 2% cash reward on your outstanding principal balance at graduation.

Federal Stafford Loans Certified Private Loans
Interest Rate 5.6% fixed (subsidized loans)
6.8% fixed (unsubsidized loans) 		From Prime plus 1.00% to Prime plus 7.75%, based on credit evaluation
Interest Credit 0.25% repayment interest rate reduction when payments are set up for automatic debit from a bank account 0.25% repayment interest rate reduction when payments are set up for automatic debit from a bank account
Fees 0.5% origination fee
1% default fee *
Zero prepayment fees
 Zero origination fees
Zero default fees
Zero prepayment fees
Payments Zero payments until 6 months after graduation or enrollment in school less than half-time
10 to 25 year repayment period 		Zero payments until 6 months after graduation or enrollment in school less than half-time
15 year repayment period
Graduation Reward
(see Graduation Reward Policy) 		Not applicable 2% of outstanding principal balance at graduation
Loan Limits Dependent Students
1st Year –– $5,500
2nd Year –– $6,500
3rd Year –– $7,500
4th Year –– $7,500
 Up to 100% of your Cost of Attendance minus other aid, based on school certification
Independent Students
1st Year –– $9,500
2nd Year –– $10,500
3rd Year –– $12,500
4th Year –– $12,500
FAFSA Required Yes No
Cosigner Required No No, but adding a cosigner may improve your chances for loan approval and may lower your interest rate
Credit Check Required No Yes

* Waived if paid by guarantor