What are the rates, terms, payment options, and fees?
For undergraduate loans in the 2025-2026 school year, interest rates range from 8.49%* to 13.99% with an optional 0.5% rate discount offered with autopay. Interest accrues from the first disbursement, with fixed rates ensuring your monthly payments stay constant throughout repayment.
Our loans require in-school monthly payments, with options for 5-year or 10-year repayment terms. In-school payments 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 you can start earlier if you leave school or drop to part-time status. 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 shown is available only to upperclassmen with outstanding academic performance and is not to be assumed typical for most borrowers. Actual rate offered will depend on creditworthiness and other factors, such as your school year, GPA, and state of residence.
Our loans require in-school monthly payments, with options for 5-year or 10-year repayment terms. In-school payments 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 you can start earlier if you leave school or drop to part-time status. 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 shown is available only to upperclassmen with outstanding academic performance and is not to be assumed 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
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