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APPLICATION AND SOLICITATION DISCLOSURES

Loan Interest Rates & Fees

Your Starting Interest Rate (upon approval)

The starting interest rate you pay will be determined after you apply. If approved, we will notify you of the rate you qualify for within the stated range.

Your Interest Rate during the life of the loan

Your rate is fixed. This means that your rate will not change during the life of the loan.

Loan Fees

Late Fee: If any part of a payment is 10 days or more late (or days late as per state law) you may be charged up to the greater of a) $10; b) 10% of the payment; or c) the highest amount permitted by state law.

Returned check fee: $20 or the greatest amount allowed by state law.

Loan Cost Example *

The total amount you will pay for this loan will vary depending upon when you start to repay it. This example provides estimates based upon one (1) repayment option available to you while enrolled in school.

Repayment Option (while enrolled in school) Amount Provided (amount provided directly to you or your school) Interest Rate (highest possible starting rate) Loan Term (how long you have to pay off the loan) Total Paid (includes associated fees)
1. Make Full Payments. Pay both principal and interest amounts at a single interest rate.
$10,000
10%
60
$12,748.23

About this example:

  • No origination fee
  • No prepayment penalty
  • No deferment options are available for this loan
  • Repayment begins 30 days after student’s first day of class

Reference Notes

Interest Rate

Your rate will be fixed for the entire period of the loan repayment or for each tier, if the tiered payment option is selected.

Eligibility Criteria
  • Must be at least 18 years or older at the time you
  • Valid social security number
  • Demonstrate willingness and ability to pay; established credit history, debt to total income evaluation and review of payment history on other types of credit including student loans.
Co-Signers
  • Must be at least 18 years or older at the time of the loan
  • Valid social security number
  • Demonstrate willingness and ability to pay; established credit history, debt to total income evaluation and review of payment history on other types of credit including student loans.
Bankruptcy Limitations
  • If you file for bankruptcy you may still be required to pay back this loan.


More information about loan eligibility and repayment deferral or forbearance options is available in your loan application and loan agreement.