Undergraduate Loans
Borrow what makes sense.
Undergraduate students working towards a degree or certificate face the daunting task of paying for increasing college tuition and fees. The Educated Borrower® Undergraduate Student Loan meets this challenge by allowing students to borrow the entire cost of their undergraduate education, less other financial aid received. A qualified student borrower, or a student borrower with a qualified co-signer, may borrow up to $45,000 per year and $180,000 in total over four years, subject to the cost of attendance at your school.
No preset maximum income limits.
The Educated Borrower® Undergraduate Student Loan is not based on financial need, which means we'll never dismiss your college loan application because you make more than a certain amount. Every family's needs and finances are different, and we have designed our undergraduate student loan programs accordingly.
No depletion of current funds necessary.
A college education is a substantial long-term investment that can pay dividends for a lifetime. To ease the burden of repayment, we offer loan maturities of up to 15 years following graduation and any applicable deferral period, resulting in lower monthly payments (to see a comparison of our loan terms, please click here). The Educated Borrower® Undergraduate Student Loan can provide an alternative to liquidating tax-deferred savings such as 401(K) accounts, taking out home equity loans or borrowing with high interest credit cards.
Repay When It Makes Sense.
Our college loan terms allow students to complete their undergraduate education and defer all loan payments until 180 days following graduation, or when enrollment falls below half time. There are never any prepayment penalties with The Educated Borrower® Undergraduate Student Loan.
Applying for an Undergraduate Loan is Simple.
College students may qualify for The Educated Borrower® Undergraduate Student Loan with their own credit or use a qualified cosigner, so that there are no Federal FAFSA forms to complete. Furthermore, there are no application fees or other out-of-pocket expenses to apply for a loan.
Undergraduate students can finance tuition and fees, room and board, books and supplies, transportation and living expenses and head towards a rewarding college degree or certificate.
As with any private education loan, you should exhaust federal loan options before taking out any private education loan.
Important Note: Loan terms are subject to change at any time and funds cannot be guaranteed prior to final credit approval and the return of a completed application (including a signed application and promissory note and acceptable supporting documents)