StudentFirst Private Student Loans

Whether you are an undergraduate or graduate student, StudentFirst’s alternative education loans can cover up to 100% of your cost of education. We have loans tailored specifically for undergraduate and graduate students.

The advantages of a StudentFirst private loan include competitive interest rates, No payments while enrolled at least half-time and borrowers can apply for funds to cover eligible expenses from 8 months in arrears. If they are currently enrolled or graduated in the past semester, students can borrow for previous trimesters, semesters, or quarters up to eight months preceding the application date.

If there are any origination fees, they are automatically rolled into the total amount of the loan. Best of all, StudentFirst loans include a 12-month grace period after graduation*, and offer other borrower benefits such as interest rate reductions.

Student Loan Consolidation

Right now you can lower your monthly payments by as much as 50% and put that extra cash in your pocket with the Federal Student Loan Consolidation program.

• Lock in rates as low as 5.2%
• All federal loans bundled into one easy-to-manage loan
• No fees, charges or prepayment penalties
• Easy, online application with Electronic Signature

Do the math. Federal rates are low right now, but StudentFirst helps you save even more.

• Save 0.50% more when you consolidate right after graduation or during other eligible grace periods
• Simplify your life with one easy payment.
• Protect yourself by locking your rate so you never have to worry about the rate going up.

Private student loan programs

Sallie Mae private student loans first disbursed June 1, 2009 and later require monthly interest-only payments during the in-school and separation periods. Check the terms of your loan's Promissory Note and log in to Manage Your Loans to see if your loan status shows repayment. If so, and you are enrolled in school, then you are not eligible for other repayment options at this time.

Sallie Mae private student loans first disbursed before June 1, 2009 may be eligible for graduated repayment to lower the initial monthly loan payments.

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Combined billing is available for student loans that are serviced by Sallie Mae. Some restrictions may apply.

National Student Loan

The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.

Federal loan

Federal loan consolidation allows you to consolidate your outstanding federal education loans into a single new loan, even if your loans are currently held by more than one lender and are of different loan types. By consolidating your student loans, you can significantly lower your monthly payments by lengthening the term of your loans and locking in a low fixed interest rate. Most importantly, you can save thousands of dollars during the entire repayment term.


Additional Federal Loan Consolidation Benefits:

• Fixed rates as low as 6.75%
• Extended repayment term with lower monthly payments
• No fees
• No credit checks
• No prepayment penalties
• Seven flexible repayment plans
• Turn several monthly payments into one
• Deferment and forbearance available

Private loan

EdFed private loan consolidation means combining your outstanding private education loans into one loan, including private loans used to cover educational expenses such as tuition, housing and/or other educational expenses. This is in addition to already consolidated private educational loans. Consolidating your private educational loans with EdFed allows you to lower your monthly payment significantly by lengthening the term of your loans, while receiving a low variable interest rate. This is possible even if your private educational loans are held by more than one lender or are of different types.

Stafford loans

Stafford loans are one of the most commonly used student loans with low interest and are available for undergraduates, graduates and professional students. These loans are either subsidized or unsubsidized.

Benefits of a Stafford Loan with EdFed

• You'll get a low, 6.8-percent interest rate.
• Your repayment won't begin until 6 months after you leave school.
• You do not need to have your credit checked.
• Depending on what school you attend, you may not be charged an origination fee.