If you’re considering taking out private student loans and you’re a resident of Indiana or attending a college in Indiana, INvestED might be a good option. Here’s everything you need to know about taking out a private student loan with INvestED.
INvestED private student loans overview
INvestED offers private student loans with multiple options and repayment benefits to Indiana residents or those attending an Indiana school.
If you decide to take out a loan with INvestED, here’s what you should know:
|Loan amounts||Coverage of up to 100% of your school certified cost of attendance (min $1,001)|
|Loan terms||5, 10, 15 years|
|Discounts||0.25% rate reduction with autopay and earn a 2% principal interest deduction once you graduate from a program for which you’ve used an INvestEd loan|
|Citizenship/Residency||Indiana residents or U.S. residents attending an Indiana school|
|Enrollment||Indiana residents enrolled in college and U.S. residents attending an eligible Indiana school|
|Income||Minimum gross monthly income of $3,333|
|Repayment||Full principal and interest, interest only and full deferment|
|Cosigner info||Apply to have your cosigner released after 48 consecutive monthly principal and interest payments|
|Loan servicer||American Education Services|
How to get private student loans with INvestED
INvestED can be a great match for Indiana borrowers. But keep in mind that each lender determines their student loan rates on a case-by-case basis — so it’s impossible to find the lowest possible rate if you don’t check your rates across multiple lenders first.
Credible makes it easy to compare top rates from INvestED and other student loan lenders with just one application. You can also check your prequalified rates without a hard credit pull, so it won’t affect your credit.
The company above is one of Credible’s approved partner lenders. Because they compete for your business through Credible, you can request rates from them by filling out a single form. Then, you can compare your available options side-by-side. Requesting rates is free, doesn’t affect your credit score, and your personal information is not shared with our partner lenders unless you see an option you like. Credible receives compensation if you close a loan with one of our partner lenders. The rates you receive and the fees you pay (if any) are not impacted by this compensation.