Need Graduate Student Loans?
We’re With You
Secure a Private Student Loan backed by a company with over 40 years of student loan experience.
Check Your Rates
See your actual rate in minutes without affecting your credit score. See Disclaimer
Start your financial journey on the right path with competitive rates that can help you save money and pay off your loans faster.
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.
Lowest rates listed above include an interest rate reduction for eligible applications, 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.
Get More Help for Next Semester
If you have funding gaps to fill before next semester, Nelnet Bank is here for you. Backed by a company that’s helped over 30 million students successfully navigate repayment, Nelnet Bank offers a wealth of knowledge and educational funding solutions that give you an advantage at every step.
Auto Debit Savings
When repayment starts, set up automated payments and cut .25% off your interest rate – more money in your pocket. See Disclaimer 1
If your loan requires a cosigner, we make it easy to release them when you’re ready. See Disclaimer
Flexible Repayment Options
Postpone payments while in school, and then choose from several repayment plans to find the best option for you.
How To Get Started
The next step in your journey is just a few clicks away. We make the process as easy as possible, offering knowledgeable help when you need it.
START A LOAN APPLICATION
Whether you’re a borrower or a cosigner, you begin the application by providing basic information about you and the school the borrower attends.
ADD A COSIGNER OR INVITE THE BORROWER
Borrowers can add a cosigner (if needed), and cosigners will invite a borrower. Either way, we'll send them an email to complete the application.
SELECT YOUR LOAN OFFER
The borrower and cosigner (if one is needed) will select the best loan option from the offers.
How do I qualify?
There are just a few simple eligibility requirements.
You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.
You must be enrolled at a Nelnet Bank-eligible school for the loan period in question.
You or your cosigner must meet Nelnet Bank’s credit criteria.
You must be the legal age to enter into binding contracts in your state/territory of residency, or be at least 17 years of age and apply with a cosigner who is at least the age of majority in their state/territory.
What do I need to get started?
Have this basic information on hand to make your application process as smooth as possible.
- CheckPersonal Information
You’ll need to provide your birthdate, Social Security number, and address. (We need your SSN to validate your credit information. Don’t worry, it’s a “soft pull” so it won’t affect your credit score. We promise.)See Disclaimer
- CheckIncome + Costs
You’ll need to provide your annual income and monthly housing expenses.
- CheckSchool Information
You’ll need to provide your expected graduation date, estimated education costs, and amount of other aid you’ll receive for the term.
- CheckLoan Amount
You’ll need to provide your requested Nelnet Bank private student loan amount.
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.
Frequently Asked Questions
Have questions about private student loans? If we haven’t answered your questions below, contact us – that’s why we’re here.
The short answer is – it depends on the type of loan. There are federal student loans that are backed by the U.S. government, and private student loans that are made by private banks.
The longer answer? Federal Direct Loan interest rates are determined each year by the U.S. Congress. Private loan interest rates are set by private lenders (like Nelnet Bank) using a number of factors.
- You must be enrolled at a Nelnet Bank-eligible school for the loan period in question.
- You or your cosigner must be a U.S. citizen or have permanent residency status and a valid Social Security number.
- You or your cosigner must meet Nelnet Bank’s credit criteria.
- A cosigner isn’t required, but may help you meet credit or qualify for a better rate.
- Minimum loan amount: $1,000
- Maximum loan amount: $125,000
- Minimum loan amount: $1,000
- Maximum student loan limit:
- Graduate and doctorate: $175,000
- MBA or graduate law degree: $175,000
- Graduate health professions degree: $500,000
- Immediate repayment (you'll be required to make full principal and interest payments as soon as the loan is disbursed).
- Interest-only repayment (you’ll make interest-only payments while in school) and full principal and interest payments after you separate from school.
- Defer principal and interest payments (you won’t be required to make any payments until after you separate from school) but interest will accrue while in deferment.
1Interest 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