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After exhausting sources of free money (such as scholarships and grants) and applying for federal student loans, you may still need extra funds to cover your education costs. That’s when you should consider the Signature Student Loan — America’s most popular private student loan and an excellent source of gap financing.
The Signature Student Loan offers several advantages:
- New price ranges that reward creditworthiness
- One eligible individual: The interest rate is based on the one-month LIBOR + 4.5% to one-month LIBOR + 11.25%
- Two eligible individuals: The interest rate is based on the one-month LIBOR + 4.5% to one-month LIBOR + 10.25%
- Zero disbursement and repayment fees— save money up front and over the long term
- 0.50 percentage point interest rate reduction for automatic debit2
- No minimum income requirement and no payments required while in school and during 6-month grace period3
- Applying with a creditworthy cosigner may help applicants qualify
- Cosigner release option available after the first 24 consecutive on-time payments of principal and interest4
Why Sallie Mae is an Excellent Choice:
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