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TO THE NEXT LEVEL

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TO PAY FOR YOUR COLLEGE EXPENSES

  • CheckSimple Application Process
  • CheckEasy Cosigning Options
  • CheckFlexible Repayment Plans

Private Student Loan Rates

Before taking out a private student loan, make sure to take advantage of any federal student loans, grants, or scholarships you have access to. Federal student loans often include benefits and lower interest rates, so be sure to consider all of your options before applying for a private student loan.

Variable Rates

Borrow

Rates Between
6.30% to 15.52%
APR
See Disclaimer

Fixed rate

Borrow

Rates Between
4.49% to 15.47%
APR
See Disclaimer

Apply Now

Displayed rates are accurate as of May 1, 2024 and may be different at the time you apply.

Lowest rates listed above include an interest rate reduction for enrollment in auto debit, and are available only to the most creditworthy applicants. Advertised variable rates reflect the starting range of rates and may increase over the life of the loan.

How To Apply

An easy application process.

1

Start a Loan Application

As the student, you begin the application by providing basic information about yourself and your school.

2

Add a Cosigner

Students can add a cosigner (if needed).

3

Select Your Loan Offer

The student and cosigner (if needed) will select the best loan option from the offers.

How do I qualify?

There are just a few simple eligibility requirements.

  • CheckCredit
    A mid to high 600 FICO score is required for you or your cosigner.
  • CheckEnrollment
    You must be enrolled at least half-time at a Nelnet Bank-eligible school for the loan period you are applying for.
  • CheckAge
    You must be of the age to enter a binding contract in your state of residence or territory.
  • CheckCitizenship
    You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.

Ready to Start Saving?

Check Your Rate

Why Would I Want a Cosigner?

Cosigners may help you qualify for private student loans and may help reduce your interest rate. As a student, it’s likely you’ll need a trusted individual with a solid credit score to act as your cosigner.

Learn More

Why Would I Want a Cosigner?

Cosigners may help you qualify for private student loans and may help reduce your interest rate. As a student, it’s likely you’ll need a trusted individual with a solid credit score to act as your cosigner.

Learn More

Ready to elevate your future?

Apply Now

Selecting ‘Apply Now’ results in a soft credit pull, which will not affect your credit score. If you continue with your application, Nelnet Bank will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score.back

Interest rate reduction of .25% for automatically withdrawn payments from any designated bank account (“auto debit discount”). Auto debit discount applies when full payments (including both principal and interest) are automatically drafted from a bank account. The auto debit discount will continue to apply during periods of approved forbearance or deferment if the auto debit discount was in effect at the time of receiving the forbearance or deferment. Auto debit discount will remain on the account unless (1) the automatic deduction of payments is canceled or (2) there are three consecutive automatic deductions returned for insufficient funds at any time during the term of the loan.back

© Nelnet Bank 13907 Minuteman Dr., Ste. 250 Draper, UT 84020

Nelnet Bank, and any associated logos or design marks, are trademarks or service marks of Nelnet, Inc. All loan programs and terms are subject to change or may be discontinued at any time without notice. Certain restrictions and limitations may apply.

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Deposit products offered by Nelnet Bank, Member FDIC.

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