How is the interest rate determined for a Loan to Learn Education Loan?

The interest rate for a Loan to Learn Education Loan is the Prime Rate, adjusted monthly, plus or minus a margin depending on your credit history. Are there any applications or origination fees for a Loan to Learn Education Loan? There may be an origination fee which is determined by the loan amount and credit evaluation.

If a fee is charged, it will be added to the principal of your loan and financed with the loan amount. NOTE: We encourage students to thoroughly research the availability of Federal Aid and other low or no-cost education funds before considering a personal loan. Personal loans are designed to help you pay the difference between available financial aid and your college’s actual cost of attendance.

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