U.S. Bank Student Loans

About U.S. Bank

U.S.Bank is the sixth largest commercial bank in the United States, with locations in 24 states nationwide. U.S. Bank prides itself on keep its private student loans as low-cost as possible, an is one of the few banks to offer a no-fee private student loan for college.

Private Student Loan Name: U.S. Bank No Fee Education Loan, U.S. Bank Bar Review Education Loan
Loans for Which Students? Undergraduate students, Graduate students, Law students
Minimum/Maximum Amount per Student: Cost of attendance, less any other aid received (including federal grants, scholarships and other awards), no more than $120,000
Rates: (varies based on credit rating and history) PRIME + 1.95% – PRIME + 8.95%
Fees: 0% (4% or 9%, depending on credit, for Bar Review Education Loans)
Repayment Terms: 15 years, payments begin six months after graduation
Other Information: If you have a cosigner (which is encouraged by U.S.Bank), they can be released after you make 36 on-time, consecutive payments. You also must have an acceptable credit score to qualify for cosigner release. If you don’t qualify after 36 payments, you can apply for cosigner release after 48 payments. If you are worried about how you will afford your payments after your graduate, you can apply for income-sensitive repayment options, where payments vary based on how much money you are making! U.S. Bank also has one of the highest interest-rate
reductions for student borrowers who sign up for automatic payments from a bank account (.5%).
How to Apply/Contact Information: Apply Online.

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