* APY is Annual Percentage Yield. Additional APY disclosures. APR is Annual Percentage Rate. Additional APR disclosures. Credit Card Application & Solicitation Disclosure.
¹ National average as of January 2012. For informational purposes only.
² 13.57% annual percentage rate (APR). The APR assumes that you will be in school for 4 years and have a 6-month grace period before repayment begins. Borrowing $10,000 at 7.49% accrues $3,370.50 in interest during 4 years in school and the 6-month grace period, resulting in 13.57% APR. The APR can differ from the interest rate as it considers fees paid to obtain the loan, your interest rate, if payments are deferred and reflects the cost of the loan as a yearly rate. You are not required to make payments on your loan while in school, although you may make principal and interest payments any time. Making payments while attending school will lower your APR. The minimum loan amount is $1,000. Your interest rate will be determined by your credit score or your cosigner’s, whichever is greater. For further information on rates and costs for the Fixed Rate Private Student Loan, see the Application Truth in Lending Disclosure. You will be required to review the Application Truth in Lending Disclosure prior to submitting an application.
³ You may exercise up to a total of 5 options during the draw period of your loan. Each option must be exercised for an advance/balance of at least $5,000. The first option fee is waived. A $25 fee applies for each time you exercise the option thereafter.