Type of Loan

Privately funded loan available to community college students enrolled full, half or part time at an eligible school.

Borrower Eligibility

School certification is required. Requires a credit check.

Loan Limits

Borrow up to the total cost of education, minus financial aid received on an annual basis. There is no aggregate loan limit.

Interest Rates

Rate and APR Examples »

Fees

A fee of 2% to 9% may be incurred at disbursement based on the credit score of the borrower and/or cosigner⁺.

Disbursement Timing

Funds are disbursed to the school in one to three disbursements depending on the length of the loan period and the amount of the loan.

Repayment Start Date

Payments can be scheduled to begin 30 days following the first disbursement or deferred for up to 48 months while the borrower is in school.

Repayment Term

The repayment term can run for up to 15 years based on the size of the loan and the repayment option chosen. Loans may be prepaid without penalty.

Repayment Options

Multiple, flexible repayment options are available including standard repayment, deferred repayment and interest only repayment.

Borrower Benefits

N/A

Additional Information

The cosigner may be released from the loan after the borrower has made 24 consecutive on-time payments and is credit-approved for the release.