Welcome to the School Loan Consolidation Network

Eligibility

• You must attend a community college at least half time and be working toward your degree.

• You must meet credit criteria.

• Borrowers must be U.S. citizens or permanent residents.

• International students are eligible with a creditworthy cosigner.

Benefits

• The Signature Student Loan has a high approval rate.

• If you have less-than-ideal credit or no credit at all, you can still be eligible for the Signature Student Loan by applying with a creditworthy cosigner.

• You can manage your account online 24/7.

Features

• Easy, secure online applications with immediate credit decision and electronic signature.

• No income requirement so you can focus on your studies.

• Cosigners help students get a lower interest rate and save a lot of money.

• Six-month grace period (like Stafford loans).

• No payments are required while you are in school at least half-time.

• The Signature Student Loan has interest rates and fees that reward good credit.

• Creditworthy borrowers may request a cosigner release after making the first 24 consecutive on-time payments of principal and interest as initially scheduled.

• There is no prepayment penalty.

Loan terms

Loan limits

• Minimum amount: $500

• Maximum amount: $15,000

• Aggregate amount: $50,000

Interest rate

Interest rates are variable and based on the Prime rate. 

Fees

There is no disbursement fee; repayment fees are 0%–3% depending on credit history. 

Repayment

• Standard repayment term of 15 years, with the option to extend terms (up to 30 years) for higher aggregate loan balances.

• Prepay your loan at any time without penalty.