Rates, Qualifications, and Credit Guidelines for Our Act^® Education Loan Services

Eligibility

Want to check if you are eligible for our loan program? Give us a call, toll-free, at (866) 229-8900. We'll be happy to help you determine rates, eligibility, and other information, and if you are eligible, we can take your application right over the phone!

Interest Rates

The interest rate for the Act^® Education Loan is equal to the LIBOR Index plus a margin. The margin for the Loan may vary, depending on the credit-worthiness of the borrower or co-signer (if any). Please see the individual pages for rate and repayment information for the program you are interested in!

• K-12 Student Loan
• College Student Loan
• Graduate Student Loan
• Continuing Education Loan

Credit Guidelines

You may qualify for this loan without a co-signer if you have an excellent credit history and are considered credit-worthy. This means you have a positive credit history of two years or more and have made continuous and prompt payments on all credit obligations such as mortgages, personal loans, credit cards, retail accounts, auto loans and education loans.

If you do not meet the foregoing credit criteria, you will need a creditworthy co-signer who is either a U.S. citizen or permanent resident.