* rates starting at 3.14% APR
Private student loans should be used as supplemental funding after exhausting all other sources of financial aid, including grants, scholarships, and federal student loans. Federal loans offer more attractive terms when compared to most other borrowing options, including private student loans. For more information on federal loans, visit http://www.fafsa.ed.gov.
*Assuming a $10,000 loan amount, a 3.14% APR and full payments option, you would make 54 monthly payments of $25.00 when enrolled in school followed by 120 monthly payments of $101.30 to repay this loan. If the APR is 8.78% and the loan amount remains $10,000 you would make 54 payments of $25.00 while you are enrolled in school followed by 120 monthly payments of $167.50 to repay this loan. The APR may be increased after consummation.
The cuGrad Private Student Loan Consolidation is available to borrowers who are carrying private student loan debt.
Federal student loans cannot be consolidated with the cuGrad Private Student Loan Consolidation. If you are seeking a federal student loan consolidation, you can learn more details about the process here: http://www.loanconsolidation.ed.gov/