loan benefits
SayStudent
Private Student Loan
- The SayStudent Private Student Loan
offers many benefits —most notably,
instant approval and generous loan amounts.
- But we offer some exclusive benefits
that makes
this one of the best products on the market:
Exclusive $300 Graduation Gift |
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| $300 principal reduction per loan — upon graduation, you will receive a $300 principal reduction on your loan as a gift for graduation (proof of graduation will be required). 1 |
| apply the next academic year and get another $300 — get a SayStudent Private Student Loan each year for four years and receive a $1,200 principal reduction with proof of graduation! |
compare the benefit with other loan providers — |
No Upfront or Origination Fees |
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| no upfront fees when you get a loan — no upfront or origination fees when you apply for your SayStudent Private Student Loan. That is another great benefit to save you money. 2 |
| you can save hundreds of dollars — many other providers will charge a fee on the loan amount you borrow. The fee can range from 3-7% of the loan amount. That means that if you borrow $10,000, they will add an additional $300-$700 to your loan amount as an orginiation fee. |
compare this benefit with other loan providers — |
Generous Loan Limits |
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| borrow enough to cover your costs — you can borrow annually up to $45,000. 3 There are plenty of funds to get you going in school without worrying about money. |
| loan amounts not tied to federal limits — you can borrow up to the full cost of education or $45,000 3, whichever is less. It doesn't matter how much aid you have previously received or expect to receive from the federal government or college. |
No Payments Until Later |
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no payments until after you graduate — 4 |
| additonal 12-month forebearance — if needed, you can take another 12 month forebearance. |
| favorable repayment terms: after you graduate and start your career, you can take up to 25 years to repay the amount you borrowed — The minimum monthly payment can be as low as $50. There are no pre-payment penalties. You can pre-pay the loan at any time. |
other flexible repayment options:
|
Great Private Student Loan Deals |
|---|
| rate reduction incentives: upon repayment, you can lower your rate by as much as 0.25% by using automated payment. That can save you some big bucks over your repayment period. |
| co-signer release: 5 since many first-time students will need a co-signer such as a parent or another, you can request a co-signer release when you submit your private student loan application. Then after meeting certain qualifications, the co-signer can be released from the private student loan agreement: see our co-signer release qualification sheet |
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