Why Get a Student Loan from Affinity Plus?
A student loan is often worth the expense in the long term, because your career prospects could greatly increase upon completing a qualification. Affinity Plus has a couple of positive features that stand out, like its repayment terms of up to 25 years in some cases. Another good example is the opportunity to reduce the technology loan APRs, for students achieving good grades in school.
What Student Loans does Affinity Plus offer?
There are four types of student loans available.
- All loans have no origination fees or administration fees
- All applicants must also join the Union when applying for a loan
- A co-signer may be required in some circumstances to meet the credit requirements (unspecified)
Undergraduate Line of Credit
Loan amounts | $1,000 to $75,000 |
APRs | Starting from 3.85% |
Terms | 20-25 years |
Automated debit payment APR reduction | 0.25% |
Graduate Business Line of Credit
Loan amounts | $1,000 to $100,000 |
APRs | Starting from 4.85% |
Terms | 20-25 years |
Automated debit payment APR reduction | 0.25% |
Technology Loan
Loan amounts | Up to $3,000 - depending on expenses |
APRs | Starting from 10.65% |
Terms | Up to 36 months |
APR Reduction | It can be reduced by up to 2% annually by maintaining a “B” grade point average |
Student Loan Refinancing with Affinity Plus
Federal, private and institutional loans can all be refinanced.
Loan amounts | $5,000 - $100,000 |
Terms | 5, 10, 15 years |
Fixed-Rate APRs | 5 years - From 4.24% 10 years - From 5.24% 15 years - From 5.99% |
Variable APRs | 5 years - From 1.62% 10 years - From 2.87% 15 years - From 3.12% |
Automated debit payment APR reduction | 0.25% |
Repayment Options
- Immediate Payment - Begin full payments upon the start of the enrolment period
- Interest Only Payment - Pay only the interest accrued whilst enrolled
- Deferment - Pay nothing until post-graduation
Who is Eligible?
Applicants must meet the following criteria (where applicable)
- US citizens /permanent residents
- A current or past student of any Minnesota college or university
- Making satisfactory academic progress
- Enrolled at least half time
- A member/graduate of one of the listed schools (see website for full details)
- An approved credit rating (unspecified)
- A member of the Union/able to join
Who can join the Union?
- Students/graduates of any Minnesota college or university
- Those living/working/worshipping in a select number of cities in Minnesota (see website for full details)
- Those living with/related to a current member of Affinity Plus
