Compare Loans
TruFit Student Loan™
See the TruFit Student Loan page
for important disclosure information
Learn more | Apply now
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A smart and affordable way to cover your remaining college expenses
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Up to total cost of attendance minus financial aid
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Up to 6 months after graduation
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15 years
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1-month LIBOR plus 3.00% - 11.25%1
(LIBOR 0.26%)
For APR and repayment examples click here
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Federal Direct Stafford Loan
(subsidized2)
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Guaranteed loans based on financial need
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$3,500 - $8,500/yr depending on yr in school
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Up to 6 months after graduation
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10 years
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4.50%3
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Federal Direct Stafford Loan
(unsubsidized)
Learn more
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Guaranteed loans open to all students regardless of financial need
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$5,500 - $20,500/yr depending on yr in school
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Up to 6 months after graduation
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10 years
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6.80%3
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Federal Direct PLUS Loan
Learn more
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Loans for parents and graduate students based solely on your good credit
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Up to total cost of attendance minus financial aid
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60 days after full disbursement
Parents may defer payments while the student is enrolled at least half-time
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10 years
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7.90%4
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1 Interest rates as low as one-month plus 2.50% if students take advantage of the 0.50% interest rate reduction benefit for automating payment from any eligible Charter One account. Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of September 1, 2010 the one-month LIBOR rate is 0.26%. Charter One reserves the right to modify interest rates and loan margins at any time without notice. Such changes will only apply to applications taken after the effective date of change.
2Subsidized Stafford Loans are offered to students with a demonstrated financial need.
3The fixed rate for subsidized Direct Stafford Loans for undergraduate students is 5.60% for loans first disbursed July 1, 2009 through June 30, 2010. Beginning July 1, 2010 through June 30, 2011 the fixed rate for subsidized Direct Stafford Loans for undergraduate students will be 4.50%. Unsubsidized Direct Stafford Loans will remain at 6.80%.
4Effective July 1, 2006, the fixed rate, set by the federal government, is 7.90%.
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