Picking the right loan can be just as important as picking the right major. INvestEd is here to help you find the financial plan that works best for you.
The INvestEd Student Loan difference!
The INvestEd Student Loan is different than other private loans primarily because INvestEd is a different type of lender. We work with Hoosier families at our literacy events and offer resources to maximize free financial aid money so loans are the last piece of the puzzle, not the first! Our goal is to help families fulfill their dreams of completing college and doing so with the least debt possible.
We believe wise borrowing is informed borrowing. Before applying for any private student loans, INvestEd encourages families to explore other sources of funding such as college savings plans, grants, scholarships, and federal, state, and institutional financial aid. Should you find a private loan is needed to close the funding gap, INvestEd and our partners offer hard-working, qualified families a better private loan option – the INvestEd Student Loan!
You can apply now or read more about the INvestEd Student Loan difference!
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Some INvestEd benefits are similar to other lenders, but we go above and beyond by also rewarding graduation! We offer a 2% principal reduction when a borrower graduates from a program for which they have used the INvestEd Student Loan. Please check out the specifics of this and all our borrower benefits.
One loan option doesn’t fit everyone, which is why INvestEd has multiple options for families. Of course the best option to limit your overall debt is to begin repayment immediately, but we understand that isn’t always possible; therefore we provide several options to help find the right loan fit for you. Review all our loan options at the link below.
- Rates as low as:
- 3.13% APR1 Variable2
- 4.38% APR1 Fixed3
- Repayment terms of 5, 10, and 15 years
- Full deferment, interest only, and immediate repayment options
For important loan disclosures:
As an Indiana company wanting to help students from Indiana as well as students attending Indiana colleges and universities, INvestEd (loan administrator/lender) has partnered with First Merchants Bank (loan lender), Campus Door (loan processor) and American Education Services (loan servicer) to provide a competitive private loan with the highest quality of service. Review a synopsis of the INvestEd Student Loan underwriting criteria to see if your family would potentially qualify.
Now that you understand how INvestEd is different, let’s see if we can help your family fill that funding gap!
STUDENT LOAN DISCLAIMERS:
1 Lowest rates shown are for eligible, creditworthy applicants and require a 5-year immediate repayment term and include our automatic payment discount of 0.25%. Automatic payments are not required. Annual percentage rates (APR) listed are based on borrowing $10,000 in a single disbursement. Actual rate will depend on credit score.
2 The variable rate is subject to increase after consummation. The maximum variable interest rate is 21%. The variable interest rate that is charged the borrower is reset quarterly, may increase or decrease, and is based on an Index and Margin. That means that your rate could move lower or higher than the rates on this form. The variable rate is based upon an average of the 3-month London Interbank Offered Rate (LIBOR) as published in the Wall Street Journal.
3 The fixed rate will not change during the term of the loan.