Main Program Features

• Borrower as little as $2,500 or as much as $30,000 per year. $120,000 lifetime maximum
• Defer full principal and interest payments until six month after graduation or leaving school
• Variable interest loan based upon LIBOR index plus a margin. Recent rates for approved loans range from 2.8%-8.8%
• Interest paid on loan may be tax deductible. Please consult your tax advisor
• Low fees (2.50%) based on repayment option selected — Borrower has the option to choose between making interest payments or a nominal $25 "Good Faith" payment towards the loan while in school
• Use the funds for any qualified educational expense, including past due tuition bills
• No prepayment penalty and 30-day loan cancellation policy
• Fast pre-approval once we receive your completed application

Student Benefits

• Credit + Academic based underwriting
  We use the FACS Grade, which takes into account the credit history of the borrower/cosigner as well as the academic progress of the student. Good grades and getting closer to graduation means a lower loan rate!
• 1% Interest Rate Reduction
  once you have entered repayment and repaid just 10% of the loan
• 30 Day No-Fee Return Policy
  Find a cheaper way, you can cancel the loan. No questions asked. As long as you cancel within 30 days of approval date, you owe no fees and no interest!
• Cosigner release after 24 payments
  The cosigner may be released from the loan once the loan is in repayment and the borrower has made just 24 on-time payments. The borrower must meet the minimum credit requirements

Eligibility & Credit Requirements

• Borrower must be enrolled in an eligible school and pursuing a degree program
• Borrower must be a member or join a participating credit union during the online application process
• Borrower or cosigner must be a U.S. Citizen. Foreign students can apply with a U.S. Citizen as cosigner
• Freshmen and sophomores must apply with a creditworthy cosigner who has at least 21 months of credit history
• Creditworthy juniors and seniors enrolled in a 4-year program can apply without a cosigner.
  Applying with a cosigner is highly recommended to qualify for lower rates!