Consolidating private lender student loans
Variable interest rates are based on an Index, plus a margin.The APR for a variable rate loan may increase during the life of the loan if the index increases. Rates are current as of 04/01/2018 and subject to change without notice.
A cosigner may be released from the loan if the student borrower is a U. At the time the borrower asks us to release the cosigner, all of the following requirements must be met: If these requirements are met, then the borrower must return a signed cosigner release application and, at that time, satisfy a full credit, employment, and income evaluation.Variable interest rates are based on market conditions, so if market rates go up, so do your interest rate and monthly payments.Fixed interest rates stay the same over the life of the loan. Your interest rate will be determined by several factors when you apply, most importantly your credit history and that of your cosigner, if applicable.Finally, the cosigner needs to sign a consent form agreeing to be removed from the loan.To learn more about our cosigner release benefit eligibility or if the borrower is interested in applying for a cosigner release, please contact our office at .