Graduate Private Alternative Student Loans

When scholarships and Federal loans are not enough, the GradLoans Alternative Student Loan is here to bridge the gap of the cost of your education. Specially created for graduate students and families with unmet financial need, our goal is to make education possible!

Apply online or call toll-free 1-800-926-2716!

Why is the GradLoans Alternative Student Loan so unique?

• Fast online approvals, high approval rating

• Low interest rates and fees, high annual maximums

• A variety of repayment options - full deferment until you leave school


• No application fee or out-of-pocket expenses


• You can use this loan to cover any education related expenses, including transportation, computers, books and room and board


• 24/7 online account status access


• No prepayment penalties
  

How do I qualify?

• You must be a U.S. Citizen or Permanent resident with a valid permanent-resident card; or


• An international student applying with a U.S. citizen or permanent resident Co-Borrower.


• Be at least 18 years old, or the age of majority in your state;


• Be enrolled at least half time at an eligible college or university;


• Meet our criteria for creditworthiness. If you do not meet our criteria, please consider applying with a creditworthy co-borrower.


• Undergraduate students may apply for Private Student Loans for College at www.AlternativeStudentLoan.com
  

How much can I borrow?

• Annual minimum of $1,500


• Annual maximum of the lesser of $50,000 or cost of attendance minus other aid


• Annual maximum of the lesser of $70,000 or cost of attendance minus other aid for Dental, Law, Medical, Osteopathic and Business School Loan
  

Degree Program	Cumulative Loan Limit	Limits for each Academic Year
Dental School Loans	$1,500 - $225,000	Cost of Attendance Minus other Aid
Law School Loans	$1,500 - $130,000	Cost of Attendance Minus other Aid
Medical School Loans	$1,500 - $225,000	Cost of Attendance Minus other Aid
Osteopathic Medicine	$1,500 - $130,000	Cost of Attendance Minus other Aid
MBA Loans	$1,500 - $120,000	Cost of Attendance Minus other Aid
Business School Loans	$1,500 - $120,000	Cost of Attendance Minus other Aid
Nursing School Loans	$1,500 - $120,000	Cost of Attendance Minus other Aid
Other Programs	$1,500 - $120,000	Cost of Attendance Minus other Aid

What is my interest rate going to be?

In School Rates as low as

• LIBOR + 3.75% (Immediate Interest and Principal Repayment)


• LIBOR + 3.75% (Immediate Interest and Deferred Principal Repayment)


• LIBOR + 4.15% (Both Deferred Interest and Principal Repayment)
  

Repayment Rates as low as

• LIBOR + 4.30% (Immediate Interest and Principal Repayment)


• LIBOR + 4.40% (Immediate Interest and Deferred Principal Repayment)


• LIBOR + 4.50% (Both Deferred Interest and Principal Repayment)
  

Choose your reward!

• .25% interest rate reduction if you choose to have your loan payment automatically deducted from your bank account or if you make 48 consecutive on-time payments

What else sets the GradLoans Alternative Student Loan apart from the rest?

• Low minimum monthly payment of $50


• Full deferment and forbearance options available while in school, working towards a residency or internship, unemployed or experiencing an economic hardship, serving in the military or needing an administrative forbearance


• 6 month grace period before repayment begins


• Fees as low as 0%
  

Annual Percentage Rate (APR) and Repayment Example

If you borrowed $10,000 in a single installment, the 3 month LIBOR remained constant at 3.42% and you had a 24-month combined in-school and 6 month grace period with a 180-month repayment period, your possible APR and repayment schedules are shown below. Your annual percentage rate may increase or decrease after consummation.

Repayment Option	Origination Fee	APR	In School & Grace Period	Repayment Period
Immediate Interest and Principal Repayment	0%	6.24%	30 payments of $84.39	150 payments of $86.13
Immediate Interest and Deferred Principal Repayment	0%	6.26%	30 payments of $50.00	180 payments of $86.43
Both Deferred Interest and Principal Repayment	3%	6.60%	30 payments of $0.00	180 payments of $103.40

800-926-2716 Click here to download a PDF application!

Graduate School Loans funded by Doral Bank NY FSB, an Equal Opportunity Lender.