Private Student loans can help pay college expenses after all scholarships, grants, and Federal loan options have been exhausted. It is recommended that students use Federal loans to fund their education before considering Private Student Loans. Click here to learn more about financial aid.
Benefits & Advantages:
0.25% repayment interest rate credit when payments are set up for auto debit from a bank account
2% Graduation Reward based on your outstanding principal balance (see Graduation Reward Policy)
15 year repayment period
Zero Origination fees. Zero Default fees.
Loans up to 100% of your Cost of Attendance minus other aid
Zero payments until 6 months after graduation
Eligibility:
You must be a U.S. citizen or a permanent resident
You must be enrolled at least half-time in a 4 or 5 year undergraduate degree program (eligible schools listed in the online application)
Interest Rates:
Variable interest rates from Prime minus 0.50% to Prime plus 4.75% based on credit evaluation
For borrower questions or to apply please contact our Education Loan Specialists at 1-866-892-3473
You may qualify for federal student loans. We encourage students to exhaust federal student loan options before applying for a private student loan, as federal loans are often less expensive and offer the widest variety of repayment options.
All loans are subject to credit approval. Lender is Discover Bank. Equal Opportunity Lender.
In all cases, interest rates and loan fees vary and are based upon borrower and/or cosigner (where applicable) credit profile, and other underwriting criteria. See our Rates and Fees page for Annual Percentage Rate (APR) examples and other important information about our private student loans.
Our Territory: AAA Southern New England proudly serves members in Rhode Island & the following counties in Massachusetts:
Bristol, Middlesex, Worcester, Berkshire, Plymouth, Suffolk, Barnstable, and Norfolk
Copyright 2008. AAA Southern New England
