Private Student Loans

Private Student Loans

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Benefits



College is a big investment.


But don't worry, we're here to help right through graduation!


Our low cost student loan is designed to meet your education needs.*

• Competitive interest rates

• 1% interest rate reduction once 10% of the loan principal is repaid during the full repayment period

• 30-day no-fee return policy allows you to cancel the loan within 30 days of disbursement without fees or interest.

• Cosigner release available after 24 consecutive on-time principal + interest payments


Although we ask that you do make a modest monthly payment while in school, full interest and principal payments are deferred until 6 months after graduation and the repayment period is up to 10 years. Borrow as little as $2,000 or up to Cost of Attendance per academic year.


Find out more information about Private Students Loans.


* Private student loans should be used as supplemental funding after exhausting all other sources of financial aid, including grants, scholarships, and federal student loans. Federal loans offer more attractive terms when compared to most other borrowing options, including private student loans. For more information on federal loans, visit http://www.fafsa.ed.gov.

Getting Started



Get started.

1. Go to: csbiowa.lendkey.com

2. Complete the loan application

3. Send in supporting documents

4. Get quick approval



Easy to Apply and Quick Approval

To Apply Visit csbiowa.lendkey.com or Call (888) 966-8947

Private Student Loans



Student Loan Q&A


Q: Am I eligible?

A: Borrower must meet the following requirements:

• US citizen or permanent resident

• Enrolled at least half-time in an eligible school

• Meet minimum credit requirements


Q: What is the importance of a Cosigner?

A: Applying with a creditworthy cosigner is not required, however, it increases your chance of approval, and may lead to a lower rate on the loan.


Q: What are some tips to keep in mind?

A: Remember to:

• Exhaust all federal loans

• Get started early

• Only request the amount you need for the current academic period




Use our private student loan to pay for ALL qualified education expenses including tuition, books, room/board, computers and even past due tuition bills!

Consolidate Your Loans




Refinance and Save on Monthly Student Loan Payments

Consolidating private student loan debt can lower your monthly payments, reduce your interest rate,and extend the payment period on your loans


Student Loan Q&A


Q: What is a private student loan consolidation?

A: A private student loan consolidation allows borrowers the ability to consolidate and refinance one or multiple loans into one loan at a potentially lower interest rate.


Q: Am I eligible?

A: Borrower must meet the following requirements:

• U.S. Citizen or Permanent Resident

• Graduated from eligible school

• Steady, reliable income

• Meet minimum credit requirements


Q: How much can I borrow?

A: Up to $125,000 in undergraduate private student loan debt and up to $175,000 in graduate private student loan debt.


Q: Can I consolidate my federal loans?

A: Federal student loans are eligible.


Q: What repayment options are available?

A: Graduated Repayment: 4 years of interest only payments followed by Level Repayment for the remaining 11 years. This is a preferred option for recent graduates starting at lower salaries who need to manage their current cash flow.

Level Repayment: Requires the same equal payment over the term of the loan and can result in lower interest rate and consistent monthly payment.


Q: How do I apply?

A: Visit https://csbiowa-consolidation.lendkey.com

Federal Student Loans



Federal Student Loans


Direct Loan funds will be disbursed directly to your school from the federal government rather than through Community Savings Bank or another Federal Family Education Loan Program (FFELP) servicer or lender. Please contact your school's financial aid office if you have any questions.


Additional Resources




Ken O'Connor is a 10 year veteran of higher-education finance, having served thousands of students and parents during his career as a financial aid counselor.


Check out his financial aid blog.


Additional Resources:


College Planning Webinars (For Students)


Debt Management Webinars (For Graduates)

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