Whether you are an undergraduate or graduate student, a private student loan can cover up to 100% of your Cost of Education. Our private student loans can help you pay for tuition, books, room and board, and other costs of a college education.

The advantages of our private student loans 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 our private student loans 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, our private student loans include a 12-month grace period after graduation. Apply for a private student loan today and get an online decision in less than a minute.

Benefits and Advantages
 

		NO payments are required while the student is enrolled at least half-time.
		NO out-of-pocket expenses. Any loan fees incurred are financed. Also, interest on the loan may be tax-deductible.
		There is a 12-month grace period after the student graduates or six months after dropping below half-time enrollment before the student has to make a single payment.
		The Select CampusDoor online application is a simple four-step process that gets you an online decision in less than a minute.
		Repayment term of up to 25 years,1 depending on loan balance.

What fees will be charged?

National Education’s Select CampusDoor Loan fees can be as low as 0%².  If a fee is charged, it will be added to the total loan amount for no out-of-pocket expenses to the borrower.

What is the interest rate?

National Education’s Select CampusDoor Loan has an interest rate that is indexed to the Prime Rate and will be based on borrower and/or cosigner (where applicable) credit, and other underwriting criteria. See the Select CampusDoor Loan Rates and Fees page for Annual Percentage Rate (APR) examples and other important information about our private student loans.

When do I have to repay the loan?

There is a 12-month grace period after the student graduates or six months after dropping below half-time enrollment before the student has to make a single payment. National Education’s Select CampusDoor Loan has repayment options that provide up to 300 months (25 years)¹ to repay the loan, depending on loan balance.

Eligibility

To be eligible for a private student loan, a student must meet the following criteria:

		Enrolled at least half-time at one of over 3,000 approved schools;
		At least 18 years of age (19 in Alabama and Nebraska, 21 in Puerto Rico and Mississippi);3
		A U.S. citizen or eligible non-citizen with Proof of Residency card (I-151 or I-551); and
		Acceptable credit history or an approved cosigner. We encourage all loan applicants to apply with a creditworthy cosigner to increase their chances of approval and of obtaining a lower interest rate and/or loan fee.

Select CampusDoor Loan

¹ The 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.

²  For well-qualified applicants subject to credit approval and other restrictions. A “well-qualified applicant” is an applicant with a strong credit profile according to Lender’s current underwriting guidelines accompanied by a creditworthy cosigner.

³ Mississippi residents under the age of 21 may borrow with written consent from a parent or guardian.

⁴ In all cases, interest rates and loan fees vary and are based upon borrower and/or cosigner (where applicable) credit profile, and other underwriting criteria. See our Rates and Fees page for Annual Percentage Rate (APR) examples and other important information about our private student loans.

⁵ At 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

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