Interest rates and fees can vary significantly between lenders. Many lenders also offer borrower benefits that can reduce the principal or interest on an alternative student loan. Be sure to look carefully at the terms and conditions when applying for a loan.
* The legal age for entering into contracts is 18 years of age in every state except Alabama and Nebraska (19 years old), and Mississippi and Puerto Rico (21 years old).
You will be eligible to receive a Graduation Reward when:
* The student graduates from the degree program that the loan was used to fund, and;
* The graduation date is less than six years after the date of the loan's first disbursement, and;
* The loan is not in default on the graduation date
Read more on Alternative Student Loans on this site
