for college undergraduates
SayStudent Undergraduate Loan
When you Need
Money
for College ... FAST!
That is when your —
- government student loans,
- scholarships,
- grants,
- and savings — don't add up to pay the
full cost.
And tuition - supplies - housing bills are all due!
Turn to undergraduate private student loans to help fund the remaining portion of education related expenses. You can get your money in as little as 5 business days.
You can borrow up to $30,000 ($40,000 for certain schools) and make no payments until after you graduate or leave school: see footnotes below
Private Student Loan Benefits |
|---|
| funding in as few as 5 business days from receipt of completed application — that's fast! |
| private student loan funds are disbursed directly to you, not the school — puts you in control! |
| easy, no hassle application — submit online or by phone: 1-866-230-4578 — do it now! |
| ask about the rate reduction incentive benefit available to students — up to 0.50% |
| get your parent or another to co-sign the private student loan application to improve your loan qualifications — cosigner release benefit — more information |
Private Student Loan Limits |
|---|
| borrow annually up to $30,000 (or up to $40,000 for certain schools)1 |
| $130,000 aggregate maximum borrowing limit; $1,500 minimum loan amount |
| use the private student loan to pay tuition, room and board, books, computer, studying abroad, travel home, and even past due balances: click to view college costs |
| loan amounts are not tied to any federal or college limits — no federal forms required |
| 1 Borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where it has been determined that the annual cost of attendance exceeds $30,000). |
Private Student Loan Advantages |
|---|
| no application fees or other out-of-pocket costs |
| preliminary approval in as little as 15 minutes if applying by web or phone |
| competitive interest rates and generous loan amounts: see rates |
| repayment is deferred until after you graduate or cease to be enrolled at least half-time |
| no prepayment penalty on private student loans |
Private Student Loan Eligibility |
|---|
| must be 18 years or older enrolled in a degree or certificate program at an approved school* |
| you must be attending at least half-time as defined by your school |
| proof of enrollment will be required |
| for students attending
less than half-time: see continuing education program |
| *Call 1-866-230-4578 to confirm eligibility of participating schools. |
Credit Approval Guidelines |
|---|
| Note: many first-time students
will need a qualified co-signer such as a
parent or another in order to qualify for
a private student loan — see how best to qualify Borrowers must meet the credit requirements below: |
| have a satisfactory credit history of at least 21 months |
| have a satisfactory employment history of at least two years |
| if self-employed, verifiable business income for at least two years |
| sufficient current income |
| have resided at your most current and immediately preceding addresses for a total of at least one year |
| U.S. citizen or permanent residence and have resided in the U.S. for the previous two years |
| international students can apply with a qualified, creditworthy US citizen or permanent resident cosigner |
| Repayment Options |
|---|
| immediate repayment: immediate repayment of principal and interest payments begin 30-60 days after the last funds disbursement. |
| interest-only payments: interest only payments for up to five consecutive years while the student is continuously enrolled in school. Interest payments begin 30-60 days after the last funds disbursement. Repayment of principal and interest begins 30-60 days after graduation or if enrollment falls below half-time. |
| deferred principal & interest repayments: deferred principal and interest for up to five consecutive years after the last funds disbursement while the student is continuously enrolled in school. Repayment of principal and interest begins 180 days after graduation or if enrollment falls below half-time. |
| repayment period: take up to 20 years to repay — minimum monthly payment as low as $25: see rate and repayment examples favorable repayment terms - no pre-payment penalties |
Use to Pay Past Due Balances |
|---|
| the SayStudent Undergraduate Private Student Loan can be used to finance any portion of past due balances from previous academic periods |
| you don't have to be currently enrolled to cover past due balances |
| provide a copy of a current invoice that demonstrates a past due balance |
| apply for past due balances separately from a current or upcoming-year loan |
| the only repayment option available is "immediate repayment of both principal and interest" if you are not currently enrolled in college |
| U.S. citizen or permanent residence and have resided in the U.S. for the previous two years |
| international students can apply with a qualified, creditworthy US citizen or permanent resident cosigner |
don't wait another minute!
finance your college future now!
Return to private student loans home page....
dial toll-free
1.866.230.4578
for help getting qualified
use this student aid
tally sheet
| Step 1: apply conveniently online or by phone — use tally sheet to keep track You can save your application to come back anytime to complete. |
| Step 2: if you need a co-signer for getting approved, start the application to enter your information. Then save it. Invite your co-signer to retrieve the application to submit their information. |
| Step 3: you will receive a preliminary approval in as little as 15 minutes upon submission of your completed application. |
| Step 4: once you receive your credit agreement by email — print — sign — fax back the agreement at the number provided |
| Step 5: final document review conducted and funds disbursement date is scheduled |
| Step 6: private student loan proceeds are disbursed directly to you. |
| Step 7: use our budgeting tips to manage your money wisely |
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