A good loan for a student to pay his or her bills is a great solution to have more tranquility in the studies and to take new additional courses, training even more, without worries. Having an extra amount in your hand can give you the opportunity to take more courses, pay off student debts, buy materials, or for any other purpose.
If you fit this profile, you are in the right place. In this article you will learn all about Advantage Education Loans and how you can earn with them.
Everything is fairly simple, from the application process to the payment terms. You can get up to $200,000 in loans, which can be quite useful for improving and expanding your studies.
Are you ready to apply for an Advantage Education Loan ? Read on to learn all about this provider, as well as its advantages, cons, and how to apply.
Advantage Education Loan
APR 3.99-7.78% Refinance without a diplomaHow does Advantage Education Loan Work
Advantage Education Loan offers refinancing student loans with fixed interest rates for borrowers and available to borrowers in all 50 US states. It is provided by the Kentucky Higher Education Assistance Authority (KHEAA) and serviced by the Kentucky Higher Education Student Loan Corporation (KHESLC).
With it you can get loans for undergraduate and graduate degrees with 10-year terms, as well as other degrees – usually with fixed interest rates ranging from 3.99% APR to 7.78% APR. In addition, you count on at least 36 months of consecutive on-time payments before issuing a co-signer’s release.
If you wish to take out a student loan, you can choose to go with immediate repayment (where you are in school and start paying), interest-only payments (paying interest until you graduate), or deferred repayment (no payments while in school). You define.
Main Advantages of using Advantage Education Loan
The Advantage Education Loan is available throughout the USA and offers great interest rates and good payment terms for most users. But there is a little more to this line of credit that may convince you to get a loan and fulfill your favorite business dreams.
Some advantages include:
- APR 3.99-7.78%
- Refinance without a diploma
- You can refinance without a degree
- Apply for loans from $7.500 to $200.000
- Forbearance of 24 months is twice as long as most lenders
- You can see if you’ll qualify and what rate you’ll get without a hard credit check
The Advantage Education Loan is an easy-to-use system that allows almost any student to get a student loan. This can be a great way to get rid of the high interest on other debts or give your study projects a boost.
Fees for Advantage Education Loan
The Advantage Education Loan is amazing for many reasons, but you should know about some of the interest it charges:
- 10-YEAR TERM – 2.94% – 5.61%
- 15-YEAR TERM – 3.54% – 6.19%
- 20-YEAR TERM – 4.44% – 6.49%
In addition, it is worth noting that Advantage offers a discount for setting up automatic payment: a 0.25% reduction in the interest rate.
How to Qualify for Advantage Education Loan
Student loan applications are approved or denied based on several factors. All lenders have their own unique underwriting requirements. See some of them here:
- U.S. citizenship or permanent residency
- Borrowers must have no evidence of prior fraud
- All educational loans must be in good standing
- Loans must have entered the grace or repayment period
- Parent borrowers must be the parent or step-parent of the recipient student
You can apply directly through the Advantage Education Loan website. There you will have to fill out a form with basic information before getting an approval.
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