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Connexting You To Your Future


Choosing the Connext Graduate private student loan enables you to pay up to 100% of all school-certified educational costs. We work with a network of regional banks and credit unions that are focused on serving their local communities to provide you options that support you and your community of choice. And our Student lending Specialists will offer choices so you can find a plan that is the best fit for your situation.




 

What's My Rate?

Connext Graduate Loan Term and Rate Examples

Connext Graduate 10 Year Variable Rate Loan ($12,000 Loan Example)2

APR1 Origination Fee Total Cost3 Total Interest Paid3 Estimated Monthly Payment
4.94% - 9.97% None $17,218 – $24,202 $5,217.85 - $12,202 $143 - $202 APR1: 4.94% - 9.97% Origination Fee: None Total Cost3: $17,218 – $24,202 Total Interest Paid3: $5,217.85 - $12,202 Estimated Monthly Payments: $143 - $202


1Annual Percentage Rate (APR). This loan has a variable interest rate equal to the 3 month LIBOR (as published in The Wall Street Journal) plus a margin. The current 3 month LIBOR is 1.28% as of June 20, 2017. This example assumes an in-school period of two years with all payments deferred and a six month grace period. The interest rate is subject to change quarterly which may result in a higher monthly payment amount. Total interest paid and total cost of the loan are estimated based on the borrower making monthly payments for the defined term. The low rate and payment range includes a 0.25% discount for automatic payments. The high rate and payment range does not include a discount. Rates, monthly payments, total interest paid and total cost listed are estimates only.

2The variable rate example is calculated on a $12,000 loan with payments deferred for 2.5 years based on in-school period of two years with all payments deferred and a six month grace period. The low APRs include a 0.25% discount for automatic payments and a 10 year repayment term. The high interest rates do not include a discount and use a 10 year repayment term.

3Total interest paid and total cost of the loan are estimated based on the borrower making timely monthly payments for the defined term. The low rate and payment range includes a 0.25% discount for automatic payments. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have an acceptable financial history and meet other conditions. Your actual rate will be within the range of rates listed and will depend on the evaluation of a variety of factors including your credit worthiness, income and other factors.

Connext Graduate 15 Year Variable Rate Loan ($12,000 Loan Example)

APR1 Origination Fee Total Cost3 Total Interest Paid3 Estimated Monthly Payment
5.21% - 10.54% None $19,694 – $30,789 $7,694 - $18,789 $109 - $171 APR1: 5.21% - 10.54% Origination Fee: None Total Cost3: $19,694 – $30,789 Total Interest Paid3: $7,694 - $18,789 Estimated Monthly Payments: $109 - $171


1Annual Percentage Rate (APR). This loan has a variable interest rate equal to the 3 month LIBOR (as published in The Wall Street Journal) plus a margin. The current 3 month LIBOR is 1.28% as of June 20, 2017. This example assumes an in-school period of two years with all payments deferred and a six month grace period. The interest rate is subject to change quarterly which may result in a higher monthly payment amount. Total interest paid and total cost of the loan are estimated based on the borrower making monthly payments for the defined term. The low rate and payment range includes a 0.25% discount for automatic payments. The high rate and payment range does not include a discount. Rates, monthly payments, total interest paid and total cost listed are estimates only.

2The variable rate example is calculated on a $12,000 loan with payments deferred for 2.5 years based on in-school period of two years with all payments deferred and a six month grace period. The low APRs include a 0.25% discount for automatic payments and a 10 year repayment term. The high interest rates do not include a discount and use a 10 year repayment term.

3Total interest paid and total cost of the loan are estimated based on the borrower making timely monthly payments for the defined term. The low rate and payment range includes a 0.25% discount for automatic payments. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have an acceptable financial history and meet other conditions. Your actual rate will be within the range of rates listed and will depend on the evaluation of a variety of factors including your credit worthiness, income and other factors.

Connext Graduate 10 Year Fixed Rate Loan ($12,000 Loan Example)2

APR1 Origination Fee Total Cost3 Total Interest Paid3 Estimated Monthly Payment
5.40% - 9.70% None $17,777 - $23,787 $5,777 - $11,787 $148 - $198 APR1: 5.40% - 9.70% Origination Fee: None Total Cost3: $17,777 - $23,787 Total Interest Paid3: $5,777 - $11,787 Estimated Monthly Payments: $148 - $198


1Annual Percentage Rate (APR)

2The fixed rate example is calculated on a $12,000 loan with payments deferred for 2.5 years based on in-school period of two years with all payments deferred and a six month grace period. The low APRs include a 0.25% discount for automatic payments and a 10 year repayment term. The high interest rates do not include a discount and use a 10 year repayment term.

3Total interest paid and total cost of the loan are estimated based on the borrower making timely monthly payments for the defined term. The low rate and payment range includes a 0.25% discount for automatic payments.

Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have an acceptable financial history and meet other conditions. Your actual rate will be within the range of rates listed and will depend on the evaluation of a variety of factors including your credit worthiness, income and other factors.

Connext Graduate 15 Year Fixed Rate Loan ($12,000 Loan Example)

APR1 Origination Fee Total Cost3 Total Interest Paid3 Estimated Monthly Payments
6.89% - 10.76% None $22,812 - $31,302 $10,812 - $19,302 $127 - $174 APR1: 6.89% - 10.76% Origination Fee: None Total Cost3: $22,812 - $31,302 Total Interest Paid3: $10,812 - $19,302 Estimated Monthly Payments: $127 - $174


1Annual Percentage Rate (APR)

2The fixed rate example is calculated on a $12,000 loan with payments deferred for 2.5 years based on in-school period of two years with all payments deferred and a six month grace period. The low APRs include a 0.25% discount for automatic payments and a 10 year repayment term. The high interest rates do not include a discount and use a 10 year repayment term.

3Total interest paid and total cost of the loan are estimated based on the borrower making timely monthly payments for the defined term. The low rate and payment range includes a 0.25% discount for automatic payments.

Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have an acceptable financial history and meet other conditions. Your actual rate will be within the range of rates listed and will depend on the evaluation of a variety of factors including your credit worthiness, income and other factors.

For more assistance, please refer to a Loan Payment Calculator to help estimate the size of your monthly payments.




Is the Connext In School Graduate loan right for you?

Loans will be made to student borrowers who meet the credit underwriting requirements of the program. Borrowers (students) not able to meet the credit underwriting requirements will be required to secure a co-signer who does meet the credit underwriting requirements of the program.

What do I need to apply?

  • Valid State ID
  • Social Security Number
  • Contact Information
  • School Attending
  • Field of Study
  • Academic Term (Fall, Spring, Summer, Winter)
  • Year in School (Freshman, Sophomore, Junior, Senior)
  • Anticipated Graduation Date
  • Cost of Attendance
  • Estimate of other financial aid

What do I need to qualify?

  • Be US citizen or permanent resident or have a co-signer that is a US citizen or permanent resident
  • Credit worthy or a credit worthy co-signer
You will be required to upload documents required for verifying the above information. A document checklist is provided when you fill out your application that will instruct you on which documents are needed.


It's as Easy as...

1

Review Your Rates and Terms

Choose from fixed or variable loan terms and rates.

2

d
Complete the Online Application

Click to begin entering your loan information for pre-approval.

3

Submit Documents and Sign

You will be required to upload documents required for verifying the above information. A document checklist is provided when you fill out your application that will instruct you on which documents are needed.

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