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.

Variable-rate student loans for extra flexibility

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
  • Ultimate repayment flexibility
  • Make interest-only payments while in school
  • Defer both principal and interest payments until six months after graduation
  • Make full payments while in school
  • 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

Student loan interest rates

Loan Type APR As Low As*
Private Student Loan

6.00%

Apply for a student loan today.

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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 and enrolled at least half time at an eligible school. 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. Loan disbursement check or EFT will be sent directly to the educational institution. Minimum payment amount is $50 per month, per loan. The maximum rate is 15%. Rates, terms and conditions are subject to change.

Scholarships, financial aid and more – Educate yourself.

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

College Access Counselor — Your financial aid questions answered.

Whether you’re a parent, high school student or college graduate entering loan repayment, our College Access Counselor will provide a personal, one-on-one consultation for all of your financial aid, scholarship or loan-related questions. Simply fill out our form to receive a response via email or schedule an appointment for a more in-depth chat over the phone.

college access counselor

Have questions about student loan financing? We have answers.

What are the benefits of getting a student loan from Andigo?

Oh lots:
  1. We pay the origination fees (usually 1-5%)
  2. You get reduced interest rate when you choose automatic payment
  3. You can defer payment until graduation (or the date you leave school) plus six months
  4. You build your credit history

When is the right time to apply for a student loan?

Before applying for a private student loan, make sure you have thoroughly exhausted all sources of free and low-cost financial aid (such as scholarships, grants and federal direct student loans). While the process may seem daunting, planning carefully and researching all of your options can save you thousands!

You may apply for student loans anytime during an academic year. For example, you can apply for a student loan for the 2018-2019 academic year anytime between the beginning of June 2018 and June 2019. So yes, you may apply for a student loan in the middle of the year.

The right time to apply also depends on when you need funding. If you need funds for the fall semester, complete your applications in early summer (around the middle of July). If you need funds for the spring semester, complete your applications in early winter (around the middle of October).

Is the loan in the parent or student’s name, or both?

A borrower is not required to apply with a co-borrower. However, applying with a creditworthy co-borrower may improve a borrower's chance of meeting our approval criteria and potentially qualifying for the loan at a lower interest rate.

A co-borrower release option is available to creditworthy borrowers who:

  • make 48 consecutive on-time payments during the principal and interest repayment period,
  • elect to make automated payments, and
  • meet additional requirements (such as salary and debt-to-income ratio).

You must apply and be approved for this option after 48 months. Other terms and conditions may apply, and the option may be revoked or modified without notice.

When will I get the funds?

Once you have completed your student loan applications and have been approved, the lender sends a certification request to your school, and your school certifies an amount and sends the certification approval to the lender with disbursement dates. The loan funds are sent directly to your school and your school pays any tuition, fees and room and board first. This process takes three to five business days. If there are loan funds left over, you school will send a refund to you (the student). If students are expecting a refund, they should set up a direct deposit so the loan refund is automatically transferred to their bank account.

When does student loan repayment start?

You may choose to make interest-only payments while in school, defer both principal and interest payments until six months after graduation, or make full payments while in school.

Can I defer student loan payments until after graduation?

Yes, you have the option to defer both principal and interest payments until six months after graduation.