As a not-for-profit student loan program, EDvestinU is part of the New Hampshire Higher Education Loan Corp. It offers refinancing and private student loans nationwide, but its private loans have extra benefits for those in New Hampshire.
Why get a student loan from EDvestinU?
There are some attractive benefits of EDvestinU, such as the option to refinance your loan without a degree, and a fairly long deferment or forbearance period of 24 months.
What student loans does EDvestinU offer?
This lender offers its customers the ability to refinance a current student loan, or to take out a private student loan. These private loans can cover undergraduates and graduates who are US citizens or permanent residents, and also international students if they have an eligible co-signer.
Student Loan Refinancing Information ( July 2020)
You can refinance your student loan even if you didn’t complete your degree, as long as you have a minimum income of $30,000 and a credit score of more than 700.
|Fixed rates from:||3.91% - 6.28%|
|Variable rates from:||1.90% - 4.27%|
|Loan repayment terms:||5, 10, 15 or 20 (Years)|
|Loan amount:||$7,500 to $200,000|
Private student loans
EDvestinU offers you the option to defer or forbear your student loan by up to 24 months, which is an especially long period. Those living or schooling in New Hampshire have access to student loan counselors and other in-person support; plus, a potential scholarship.
More about rates and fees of EDvestinU’s loan options (July 2020)
Borrowers do have some extra costs to consider when taking out a private student loan, so you should familiarize yourself with these before committing to anything.
|Fixed rates from:||4.09%|
|Variable rates from:||2.06%|
|Late fee:||5% of the monthly payment|
|Returned payment fee:||Not stated|