Rates, Qualifications, and Credit Guidelines for Our Private Student Loan Services

Eligibility

Interest Rates

The interest rate for the loan is equal to the LIBOR Index plus a margin. The margin for the loan varies, depending on the credit-worthiness of the borrower or co-signer (if any). Please see the individual pages for rate and repayment information for the program you are interested in!

• K-12 Student Loan
• College Student Loan
• Graduate Student Loan
• Continuing Education Loan

Credit Guidelines

Applying with a co-signer will improve the chances that your application will be approved, and may lower your rates! To apply for this loan without a co-signer, you must meet all of the following criteria:

• At least 2 years of good credit history.
• Be a US citizen or permanent resident for 2 years.
• At least 2 years of full-time employment.

Otherwise you will need to have a parent, friend, relative, employer, or associate co-sign your loan. Your co-signer must meet the above criteria. If your application is declined without a co-signer, reapply with one to improve your chances of being approved!

You may qualify for this loan without a co-signer if you have an excellent credit history and are considered credit-worthy. This means you have a positive credit history of two years or more and have made continuous and prompt payments on all credit obligations such as mortgages, personal loans, credit cards, retail accounts, auto loans and education loans. You must also meet the debt to income ratio of 40% or less. If you qualify as a creditworthy borrower, you may borrow up to the cost of education, less other aid.

If you do not meet the foregoing credit criteria, you will need a creditworthy co-signer who is either a U.S. citizen or permanent resident.