Applying for a student loan online – math degree not necessary

Education is expensive, no doubt about it. But it’s important; no question about that either. Our student loans allow all our members to easily finance their education goals, so you can work on pledging Kappa Sig instead of loan collateral.

student loan interest rates

Loan TypeAPR As Low As
Private Student Loans6.00%

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APR = Annual Percentage Rate. This is a variable rate loan available to qualified borrowers. The APR will vary quarterly based on the One Month Libor as published in The Wall Street Journal. The borrower must be a U.S. citizen or legal resident. Loan terms up to 20 years. The minimum loan amount is $1,000 and the maximum cumulative loan amount (per membership account) is $40,000. Loan may not be used to consolidate other student loan debt. Loan proceeds may not exceed the total amount needed for expenses associated with attending school. These include, but are not limited to: tuition, books, school fees, room and board, transportation and supplies. Grants, scholarships and other student loans may reduce the amount you may be eligible for, regardless of creditworthiness and ability to repay. Borrower must submit acceptable proof of enrollment. Loan disbursement check or EFT will be sent directly to the educational institution. Repayment term begins within 45 days of the disbursement. Minimum payment amount is $50 per month, per loan. The maximum rate is 18%. Rates, terms and conditions are subject to change.

Variable rate student loans for various education needs

Our private student loans offer a variable-rate line of credit that you can use for whatever education expenses you have, from Basket Weaving 101 to late night mozzarella sticks at the dining hall. You’ll get:

  • Competitive variable rates
  • Quick loan turnaround
  • Collateral-free borrowing
  • No fees or prepayment penalties
  • Reduced interest rate (when you set up automatic transfers)
  • Repayment terms up to 20 years
  • 24/7 online account access

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Student loans, scholarships & financial aid – educate yourself

Your first lesson: there’s a lot of smart stuff on the internet if you know where to look. All of these links can offer a wealth of information and tools to aid you in the process of choosing a student loan.