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What We Offer - Types of Loans

Kentucky Advantage Loan
The Student Loan People’s Advantage Loan

Whether you are an undergraduate or graduate student, a CampusDoor® School-Certified Student Loan from The Student Loan People can cover up to 100% of your cost of education minus other financial aid. Our private student loans can help you pay for tuition, books, room and board, and other costs of a college education.

The advantages of a CampusDoor School-Certified Student Loan from The Student Loan People include competitive interest rates and loan fees and the ability to pay for education-related expenses incurred from 8 months in the past up to 18 months in the future. And when you apply for a CampusDoor School-Certified Student Loan from The Student Loan People with a creditworthy cosigner, you may increase your chances of approval and of obtaining a lower interest rate and/or loan fee.

Any loan fees are financed so borrowers get a loan with no out-of-pocket expenses. Best of all, a CampusDoor School-Certified Student Loan from The Student Loan People includes a 12-month grace period after graduation. Apply for a CampusDoor School-Certified Student Loan today and get an online decision in less than a minute.

Loan Details:
Interest Rate:
  • Variable; based on Prime1
Fees:
  • Competitive fees
Loan Limit:
  • $250,000 aggregate lifetime maximum
Repayment:
  • No in-school payments required
  • Up to a 25-year repayment term,2 depending on loan balance
  • No prepayment penalty
  • 12-month grace period after graduation or 6 months after a student drops below half-time enrollment
Credit Decisions:
  • Online decisions in less than a minute
Discounts:
  • Interest rate discount when monthly payments are automatically deducted from a checking or savings account3
  • Interest rate discount after 48 months of on-time payment3
  • See our Online Application for Details
Cosigner Release: For those who borrow with a cosigner, the cosigner may request to be released from obligation after 36 months of on-time payment.3 A credit check will be performed on the borrower and the request must be in writing.

You may qualify for federal student loans. CampusDoor encourages prospective customers to exhaust federal student loan options before applying for a CampusDoor loan or other private student loan, as federal loans are often less expensive and offer the widest variety of repayment options.

All loans are subject to credit approval. Trade/Servicemarks are the property of Campus Door, Inc. and/or its affiliates. Lender is Lehman Brothers Bank, FSB. Equal Opportunity Lender. © 2008 Campus Door, Inc. All Rights Reserved. The Student Loan People is compensated for the referral of private loan customers to the Lender.

1In all cases, interest rates and loan fees vary and are based upon borrower and/or cosigner (where applicable) credit profile, and other underwriting criteria.

2The repayment period may be less than the 25-year maximum allowed depending on the borrower’s indebtedness at the beginning of his or her repayment period and the requirement that the borrower either satisfies a $50 minimum monthly payment amount (level schedule) or the terms of a graduated repayment schedule.

3At all times the discount rates and cosigner release terms are subject to change. The on-time benefit must be earned. Cosigner release is contingent upon the borrower’s credit profile which will be reviewed by the Lender prior to release. Loan delinquency, default, or the use of forbearance may result in the revocation of all borrower benefits.

Apply Online Today

For more information, contact us at:

Phone: 800.786.0002
email: answers@CampusDoor.com

 



Updated: 7/29/2008

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