You should exhaust all grants, scholarships, and Federal loan options before considering a private student loan. You may qualify for a Federal Education loan which usually has terms that are more advantageous to the borrower than a private loan. Click here for more information on Federal loans.
Projected monthly costs and projected total costs are calculated based on the rate as of this posting and variable rates may change which will alter the monthly and total costs. Fixed rate loans are determined at the time of application approval and will remain the same for the life of the loan. Variable interest rates are determined by either a prime lending rate or Libor index and a fixed margin rate. The variable index rate may change on a monthly or quarterly basis, while the fixed margin rate does not change and is typically based on the credit history of the borrower and cosigner when the loan was made. Borrower benefits are not calculated in these examples and the calculations are estimates only. Borrower benefits may reduce the monthly and total cost of your loans. Reach out to your lender to see how to take advantageous of any borrower benefits.
Terms and conditions apply on all loans and rates are subject to change. Reach out to the lender for specific details of the loan program.