Rates & Fees

The table below outlines the margins and upfront fees for the six FACS Grades. Please see the explanation following the table to understand what the borrower is responsible for paying.

FACS Grade	Base Rate* (3-Month LIBOR)	Loan Margin	Upfront Fee (Charged only once at origination)
Platinum Honors	0.39%	2.50%	2.50%
Platinum Plus	0.39%	4.25%	2.50%
Gold Honors	0.39%	5.50%	2.50%
Gold Plus	0.39%	6.75%	2.50%
Silver Honors	0.39%	7.75%	2.50%
Silver Plus	0.39%	8.50%	2.50%

NOTE: There is a 2.75% floor on the loan rate. If the Base Rate + Loan Margin is less than 2.75%, the loan rate will be 2.75%.

* The Base Rate adjusts quarterly on the first day of January, April, July and October. We use the average of the 3-Month LIBOR, as reported by the Wall Street Journal on the 1st of each month, for the last three months preceding the adjustment date.

Borrowers: Before considering an EdAccess Loan, please exhaust federal loans, which in most cases will cost less.

What do I pay as a borrower?

Upfront Fee: The Upfront Fee is charged one time at loan disbursement. This fee is determined based on your FACS Grade, as specified in the table above.

Note: The Upfront Fee is added to your principal balance, so you do not pay anything out of pocket when you take the loan.

Loan Interest Rate: The interest rate on your loan is: Base Rate + Margin

We will show you the loan APR before you approve the loan request. The APR takes into account all the fees you pay including the upfront fee and should be used when comparing the EdAccess Loan to other private student loans.

Rates & Fees

(3-Month LIBOR)

(Charged only once at origination)

* The Base Rate adjusts quarterly on the first day of January, April, July and October. We use the average of the 3-Month LIBOR, as reported by the Wall Street Journal on the 1st of each month, for the last three months preceding the adjustment date.

What do I pay as a borrower?

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