Private Student loans used for college tuition, room & board, and other eligible education expenses.
Refinance a federal, private, or PLUS loan or combine multiple into a single, new Refinance Loan.
Each quarter EDvestinU® awards three (3) $1,500 scholarships to randomly selected entrants that are attending a Title IV eligible school. That's right – no essays or extra work! Just remember to enter each quarter for your chance to win. See full terms for eligibility details.
No obligation. No Purchase or credit application necessary.
1 APR or "annual percentage rate" is a calculation of what the loan will cost, taking into consideration interest, fees and length of loan. Accordingly, the APR is subject to increase or decrease due to factors such as changes in the interest rate of variable rate loans or changes in principle due to the capitalization of interest. Private loan APR’s provided include a 0.50 percent interest rate reduction for authorizing our loan servicer to automatically deduct your payments each month from your bank account. Refinance loan APR’s provided include a 0.25 percent interest rate reduction for authorizing our loan servicer to automatically deduct your payments each month from your bank account. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan. Variable APR rates may increase or decrease depending on fluctuations in the London Interbank Offered Rate (LIBOR) index. Monthly interest rate accrual is based on the published One–Month London Interbank Offered Rate ("LIBOR") as of the last business day of the previous month plus your applicable margin. As of July 31, 2019 the One–Month LIBOR rate is 2.22%. APR ranges may include interest rate incentives only available to applicants with a creditworthy cosigner.
2 A cosigner release is allowed on an EDvestinU Private Loan if an account is in current standing after 24 months of consecutive & on–time payments with a borrower FICO >749 and income over $30,000. A cosigner release is allowed on an EDvestinU Refinance Loan if an account is in current standing after 36 months of consecutive & on–time payments with a borrower FICO >699 and income exceeding $30,000 for loans up to $100,000 and $50,000 for loans exceeding $100,000. Refinance borrowers must also have a debt–to–income ratio of 43% or less. For both types of loans, the borrower may not have foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $100 during the last 7 years. The borrower must not currently be involved in bankruptcy proceeding or had any bankruptcy filings during the past 10 years and cannot have any defaults on education loans.