Be a Smart Borrower

Get a private student loan now. Pay nothing for up to five years.1

As a parent, you know that a college education is one of the smartest investments your child can make. But you also know that the costs of that investment are higher than ever, and will continue to go in just one direction: up.

A Laurel Collegiate Loan can be used to fund that college investment, not just for tuition but for any education-related expenses, including room and board, a laptop, and much more.

We offer very competitive interest rates, as low as half of what many credit cards charge. And if your child is planning to borrow for more than one academic year, he or she can borrow up to the $130,000 lifetime limit.2

Laurel Collegiate Loan repayment options are all about choices like deferring repayments for up to a maximum of five years.1

It’s important to determine as early as possible how your child’s undergraduate studies will be financed. And we’ve made it easy to get started. Simply apply online, right now.

  1. Undergraduates may choose to defer repayment until 6 months after graduation or ceasing to be enrolled at least half time, for up to a maximum of five years. Immediate and interest only repayment options are also available.
  2. Undergraduate and graduate borrowers may borrow annually up to the lesser of the cost of attendance or $30,000. ($40,000 for certain schools where the annual cost of attendance has been determined to exceed $30,000). Borrowers in Continuing Education and K-12 loan programs may borrow annually up to $30,000.
Laurel Collegiate Loans are funded by Union Federal Savings Bank, Member FDIC and Equal Opportunity Lender.

The student is the primary borrower for the Undergraduate, Graduate and Continuing Education Loans. Parents and other creditworthy individuals may cosign for these loans.
Commonly asked questions. Why use grants, scholarships, and federal funding first. Find out how much you need.