Student Loans, Private Student Loans, Financial Aid, Paying for College, Education Loans, Undergraduate Borrowing, Graduate Borrowing
Getting you the grade since 1999.

About GradeSaver Student Loans

A Way to Pay For Your College Dreams

Your education only happens once, but it lasts a lifetime. Don't let money hinder you from attending your dream college, studying abroad in your favorite country, or enjoying all the academic opportunities your campus offers.

A GradeSaver student loan lets you:

  • Apply for the amount you need, $1,500 minimum a year
  • Get up to $40,000 per academic year1
  • Apply online or over the phone in as few as 15 minutes
  • Get preliminary approval in as little as 15 minutes and receive your check in about a week
  • Make payments now or wait up to 6 months after graduation2
  • Get up to a 0.50% interest rate reduction with automated payments3

Smart and Easy

With the cost of college rising every year, many students are caught between limited financial aid programs and higher tuition fees.

GradeSaver Student Loans are a great way to get the extra funds you need. You may use the funds you borrow to pay the cost of tuition and many other education-related expenses. And since GradeSaver Student Loans are funded by a private financial institution, they are not subject to federal guidelines.

A Good Supplement to Other Funding Sources

GradeSaver encourages you to consider using more than one source of funds to pay for college. You should try to locate the cheapest source of financing first and use our loans to supplement any additional amounts you might need.

  • First try to locate scholarships and grants as a source of money for school. Free money is always the best kind of money!
  • Next consider applying for a federal loan, which is guaranteed by the federal government. Federal loans can be used to pay for tuition, room and board, fees and other education related expenses.
  • If you still need money to pay for your education related expenses, then apply for a GradeSaver Student Loan to fill the gap!

Borrowable Loan Amounts

Undergraduate Students

  • Undergraduate students may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where it has been determined that the annual cost of attendance exceeds $30,000)
  • $130,000 aggregate maximum borrowing limit
  • $1,500 minimum loan amount

Graduate Students

  • Graduate students may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where it has been determined that the annual cost of attendance exceeds $30,000)
  • $130,000 aggregate maximum borrowing limit
  • $1,500 minimum loan amount

Continuing Education Students

  • Continuing Education students may borrow annually up to $30,000
  • $130,000 aggregate maximum borrowing limit
  • $1,500 minimum loan amount

Parents of K-12 Students

  • Parents and guardians of, or other borrowers for, K-12 students may borrow annually up to $30,000
  • $130,000 aggregate maximum borrowing limit
  • $1,500 minimum loan amount

Repayment Options

One of the benefits of a private student loan is that you have lots of ways of repaying it! Undergraduates, take a look at the options available and choose the one that makes the most sense for you.

Option 1: Deferred Principal & Interest Repayment

  • Make no payment while in school for up to 4 consecutive years (up to 5 years if enrolled in a 5 year program) from the date of your first funds disbursement.
  • Repayment of principal and interest begins approximately 180 days after graduation or if enrollment falls below half-time.

Option 2: Interest-Only Repayment

  • Defer principal and pay only interest while you are enrolled in school for up to 4 consecutive years (up to 5 years if enrolled in a 5 year program) from the date of your first funds disbursement.
  • Interest payments begin approximately 45 days after the first funds disbursements.
  • Repayment of principal and interest begins approximately 45 days after graduation or if enrollment falls below half-time.

Option 3: Immediate Repayment

  • Pay principal and interest beginning approximately 45 days after the first funds disbursement.

Automated payments

Get up to a 0.50% interest rate reduction with automated payments:3

*A 0.25% interest rate reduction is available for borrowers who elect to have monthly principal and interest payments transferred electronically from a savings or checking account.3

*An additional 0.25% interest rate reduction is available upon request to loan borrowers if the first 36 payments of principal and interest are paid on time and the borrower signs up for automated payments.3


Copyright (C) 2007 GradeSaver Loans LLC. All rights reserved.
The lender for Gradesaver Student Loans is RBS Citizens, N.A., Member FDIC and Equal Opportunity Lender. RBS Citizens, N.A. may sell your student loan to a third party. RBS Citizens, N.A. will only sell your student loan if the third party agrees to honor all of RBS Citizens, N.A.'s promises to you, including all promised benefits that you will receive or might become eligible for during the loan repayment period.

  1. Undergraduate and graduate borrowers may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where the annual cost of attendance has been determined to exceed $30,000). Borrowers in Continuing Education and K-12 loan programs may borrow annually up to $30,000.
  2. Undergraduates may defer repayment until six months after graduation or ceasing to be enrolled at least half-time. Immediate and interest-only repayment options are also available. Graduate repayment is automatically deferred. Continuing education borrowers begin repayment the earlier of a) 180 days after the student graduates or earns a certificate; b) 180 days after the student ceases to be enrolled; or c) two years after the date of the loan disbursement. K-12 loans are immediate repayment loans.
  3. The 0.25% interest rate reduction is available for borrowers who elect to have monthly principal and interest payments transferred electronically from a savings or checking account. The interest rate reduction will begin when automatic principal and interest payments start, and will remain in effect as long as automatic payments continue without interruption. This reduced interest rate will return to contract rate if automatic payments are canceled, rejected or returned for any reason. Upon request, borrowers are also entitled to an additional 0.25% interest rate reduction if (1) the first 36 payments of principal and interest are paid on time, and (2) at any time prior to the 36th on-time payment, the borrower who receives the monthly bill elects to have monthly principal and interest payments transferred electronically from a savings or checking account, and continues to make such automatic payments through the 36th payment. The reduced interest rate will not be returned to contract rate if, after receiving the benefit, the borrower discontinues automatic electronic payment. The lender and servicer reserve the right to modify or discontinue borrower benefit programs (other than the co-signer release benefit) at any time without notice.