Rates & Fees

The table below outlines the margins and upfront fees for the EdSucceed Private Loan Consolidation Loan. Please see the explanation following the table to understand what the borrower is responsible for paying.

NOTE: There is a 4.75% floor on the loan rate. If the Base Rate + Loan Margin is less than 4.75%, the loan rate will be 4.75%.

* The Base Rate adjusts quarterly on the first day of January, April, July and October. We use the Prime Rate, as reported in the Wall Street Journal on the 1st business day of the month preceding the change date.

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 loan level, 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 EdSucceed Loan to other programs.