Do I have to know my enrollment status to apply?

Yes. You must be continually enrolled in a degree-granting program and meet your school's minimum Satisfactory Academic Progress (SAP) criteria to be eligible. For fall and spring terms, you must be enrolled at least half-time. For summer term, you may be enrolled less than half-time. Should you drop below half-time [...]

Do I have to know my enrollment status to apply?2022-02-09T08:21:27-06:00

What is graduated repayment?

Graduated Repayment is repayment of principal and interest using an extended amortization period intended to lower the monthly payment amount, after which payments are higher and based on the remainder of original term.

What is graduated repayment?2022-02-09T07:57:21-06:00

Who will service my loan?

University Accounting Service (UAS) will service your loan. Once your loan has been disbursed or entered repayment, you may contact UAS with questions, or access your account online.

Who will service my loan?2022-02-09T08:05:52-06:00

How much can I borrow?

The maximum amount you can borrow varies by credit union lender. In general, the amount is based on your school’s certified costs minus the amount of other financial aid you have already received (such as federal student aid, scholarships, and grants). You can view loan limits  on our lenders' websites [...]

How much can I borrow?2022-01-28T15:46:40-06:00

Can my cosigner be released at a later date?

Many of our credit union lenders offer a cosigner release option based on on-time payment history and other requirements. We recommend reviewing specific criteria on the credit union lender's website.

Can my cosigner be released at a later date?2022-02-25T08:59:13-06:00

Can I receive a discount for setting up ACH payments?

Many of our credit union lenders offer a 0.25% interest rate reduction when the borrower signs up for automatic debit payments and is in active repayment. We recommend reviewing the credit union lender's website for details about a potential discount for automatic payments.

Can I receive a discount for setting up ACH payments?2022-02-09T08:14:22-06:00

What is the difference between a fixed and variable rate?

Fixed Interest Rate A fixed rate loan is exactly as it sounds – the interest rate is fixed, or stays the same, for the entire life of your loan. Pros: You’ll know what your interest rate is and won’t have to worry about fluctuations down the road. Cons: The tradeoff [...]

What is the difference between a fixed and variable rate?2022-01-28T15:52:35-06:00

Can I use funds to pay for books or off-campus housing?

Our private student loans can be used for any items listed in your school's cost of attendance, or other education-related expenses. The amount you are eligible to borrow will be certified by your school, and the funds are sent directly to your college. If some of the loan will be [...]

Can I use funds to pay for books or off-campus housing?2022-01-28T15:47:04-06:00

Do I have to apply every year?

With our undergraduate and graduate line of credit products, you will only have to complete the application process once. However, your loan is subject to annual review and credit qualification, and you must continue to meet your school’s Satisfactory Academic Progress (SAP) and enrollment requirements.

Do I have to apply every year?2022-04-26T09:43:43-05:00

How long will the process take?

Processing times vary based on time of year, document submission, and the school’s own certification process. In general, you can expect the process to take anywhere from 5-45 days, depending on the documentation available.

How long will the process take?2022-02-09T08:20:07-06:00
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