Fixed Rate
The Annual Percentage Rate (APR) for our undergraduate private education loan is fixed1 for the life of the loan.
The current offered rate2 will be between 7.49% and 16.49% APR
Rate Disclosures
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Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable).
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Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy coborrower which may result in a better chance of approval and/or lower interest rate.
*If you set up auto-payments through the loan servicer, you may further reduce your rate by 0.25% when you select full repayment of principal and interest while in school or during the repayment period. However, the rate will not be reduced below any floor rate.