Undergraduate Alternative Loan Parameters
We are pleased to provide students with one of the most competitive private student loan offers on the market. Through its “borrower first” thinking, Student Loan Solutions has negotiated special rates and fees for you, including industry-leading ZERO origination fees and rates as low as LIBOR+ 2.25%.
The Student Loan Solutions Private Student Loan can be used for a multitude of education and related expenses. It is designed to help students cover the costs between what they have in the form of scholarships, federally subsidized aid and the true cost of education.
Eligibility is determined by applicants credit history as well as factors such as employment history, parental as well, citizenship status and enrollment status. Students with credit worthy co-borrowers stand a very high chance of being approved for the loan.
Apply now for special rates and fees available nowhere else.
| Loan Limits | Minimum Annual Maximum Undergraduate Maximum |
$1,500 $50,000 $120,000 |
| Interest Rates | In School and Grace as low as |
Libor + 2.25% (Immediate Interest and Principal Repayment)
Libor + 2.25% (Immediate Interest and Deferred Principal Repayment) Libor + 2.65% (Both Deferred Interest and Principal Repayment) |
| In Repayment as low as |
Libor + 2.80% (Immediate Interest and Principal Repayment)
Libor + 2.90% (Immediate Interest and Deferred Principal Repayment) Libor + 3.00% (Both Deferred Interest and Principal Repayment) |
|
| Interest Capitalization | Once at Repayment | |
| Loan Fees | At Loan Origination | As low as 0% for the most qualified borrowers |
| After Final Disbursement | 0% | |
| Upon Graduation | 0% | |
| Prior to or at Repayment | 0% | |
| Repayment | Begins (grace period) | Maximum 6 months |
| Term | 15 years after the end of deferment and grace period | |
| Deferment / Forbearance | Yes | |
| Minimum Payment | $50 | |
| Borrower Benefits | .25% interest rate reduction for 48 on-time payments or for ACH .15% deferral period interest rate reduction for providing academic history |
|
| Additional Loan Types | Graduate, Engineering, Medical, Dental, Law and Ancillary programs | |
| Dedicated Customer Service | 1-800-797-3541 | |
| Disbursement Method | To school in the name of the borrower | |
| Annual Percentage Rate (APR) and Repayment Example: If you borrowed $10,000 in a single installment, the 3 Month LIBOR remained constant at 3.42% and you had a 24-month combined in-school and 6 month grace period with a 180-month repayment period, your possible APR and repayment schedules are shown to the right. Your annual percentage rate may increase or decrease after consummation. |
|