Student Loans

See list of eligible schools¹

$1,000/year minimum credit

Terms

• 20 years if balance is less than $40,000
• 25 years if balance is or is greater than $40,000

Line of credit, instead of multiple loans, makes new funding easy

Variable interest rate 

Funds disbursed directly to school at the time(s) the school specifies

Deferment of principal and interest while in school

Flexible repayment terms, including graduated repayment for two years

No origination fee

Line limits:

• Cost of Attendance (COA) less other financial aid received (as certified by the school)
• $75,000 maximum over college career

Co-borrower release: After 48 consecutive months of automated, on time payments, co-borrower may request to be released. However, the primary borrower must be credit worthy with the following:

• 690 minimum FICO
• $30,000 minimum annual salary ($2,500 monthly gross income)
• 45% debt-to-income ratio maximum
• No bankruptcies, judgments, or student loan defaults

Refinancing available up to $125,000

5-year, 10-year, 15-year repayment terms

All loans being refinanced must be post-separation from school

No origination fee or pre-payment penalties

See list of eligible schools¹