No income is required for student borrowers. And those with established credit may be eligible without a co-borrower. Freshmen, foreign students and those with low credit or no credit history will need a co-borrower. You can borrow up to the total cost of your education, including tuition, fees, room and board, computers and other education-related expenses. Borrower must be 18 years of age or older.
Interest is capitalized at repayment.
Borrowers have option to choose to make interest only payments for first 2 or 4 years of repayment. There is an option to obtain a Signature loan without a co-signer, but the loan then becomes considerably more costly with the additional cost of borrowing fees. One disbursement of loan funds. Interest is calculated with a yearly rate, not a monthly or daily rate or continuous rate. Loan interest is deferred for four years if applicable.