For undergraduate loans in the 2026-2027 school year, interest rates range from 8.49% to 13.99% and have an additional 0.5% rate discount offered with autopay. Interest accrues from the first disbursement, with fixed rates ensuring your monthly payments stay constant throughout repayment. 5-year or 10-year repayment terms are available based on loan amount.
Our loans require in-school monthly payments, which are at a reduced rate of either $20 minimum or an Interest-Only amount. There are no additional fees or pre-payment penalties.
Traditional repayment begins six months after graduation, but can start sooner if you drop below half-time enrollment or leave school. Extra payments are welcome and can lower your balance without penalty. We report your in-school payments to credit bureaus, potentially boosting your credit score.
*The lowest rate is available only to upperclassmen with outstanding academic performance and is not typical for most borrowers. Actual rate offered will depend on creditworthiness and other factors, such as your school year, GPA, and state of residence.
See more in Our Loans and PEL Disclosure