EdvestinU Refinance Disclosures
EdvestinU Refinance Loan
APR or "annual percentage rate" is a calculation of what the loan will cost, taking into consideration interest, fees and length of loan. Accordingly, the APR is subject to increase or decrease due to factors such as changes in principal due to the capitalization of interest or presence of a cosigner.
Lowest rate requires application with a cosigner and 0.25 percentage point interest rate reduction for automatic debit. Once the repayment period commences, the borrower may enroll in automatic debit. APR’s provided include a 0.25 percent interest rate reduction for authorizing our loan servicer to automatically debit your payments each month from your bank account. Monthly and total payment estimates reflected may vary from initial disclosed amounts. Interest rate reductions for utilizing automatic debit will be reflected after loan servicer’s periodic loan payment evaluation.
Granite Edvance and EdvestinU student loan products are offered by Granite Edvance Corporation (NMLS ID# 1527348 www.nmlsconsumeraccess.org) and may be funded by Granite Edvance Corporation or by Bank of Lake Mills, member FDIC. Granite Edvance and EdvestinU are brand names of Granite Edvance Corporation.
Granite Edvance In-School Loan Products
APR or "annual percentage rate" is a calculation of what the loan will cost, taking into consideration interest, fees and length of loan. Accordingly, the APR is subject to increase or decrease due to factors such as changes in principle due to the capitalization of interest or presence of a cosigner.
Lowest rate requires application with a cosigner and 0.25 percentage point interest rate reduction for automatic debit. Private Loans that are in a deferment (including borrowers who elect deferred repayment), grace period, or forbearance are not eligible to enroll and receive the automatic debit benefit until they enter into repayment. Once the repayment period commences, the borrower may enroll in automatic debit. Borrowers electing to enroll in interest-only or immediate repayment are eligible to enroll in automatic debit once the initial disbursement on the loan has been made.
APR’s provided include a 0.25 percent interest rate reduction for authorizing our loan servicer to automatically debit your payments each month from your bank account. Monthly and total payment estimates reflected may vary from initial disclosed amounts. Interest rate reductions for utilizing automatic debit will be reflected after loan servicer’s periodic loan payment evaluation.
The Granite Edvance Student Loan requires the borrower to be a resident of NH or attending college in New Hampshire.
Granite Edvance and EdvestinU student loan products are offered by Granite Edvance Corporation (NMLS ID# 1527348 www.nmlsconsumeraccess.org) and may be funded by Granite Edvance Corporation or Bank of Lake Mills, member FDIC. Granite Edvance and EdvestinU are brand names of Granite Edvance Corporation.