USBank Student Loans
About USBank
USBank is one of the nation's major lenders, and is a leading provider of private student loans for college. If federal loans, scholarships, and grants aren't enough to cover your college expenses, consider the variety of USBank Student Loans available to college students. The two main USBank student loans that are currently offered are the No Fee USBank Student Loan and the Fixed-Rate USBank student loan.
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About USBank Student Loans
There are two types of USBank student loans currently offered: the No Fee USBank Student Loan and the Fixed-Rate USBank student loan. The No Fee USBank student loan has a variable interest rate that can be as low as the Prime rate +.20%, which means a minimum of 3.39% APR. If you set up an AutoPay mechanism on your No Fee USBank student loan, which involves loan payments being automatically deducted from your bank account once a month, you can receive a .50% interest rate reduction. The No Fee USBank student loan has, rather obviously, no fees, and you receive the approved loan amount in full. The borrowing minimum on this USBank student loan is $1,000, and the annual loan limit is the cost of education less any financial aid received. Deferred payments are available, and repayment can last up to 15 years.
The Fixed-Rate USBank student loan offers a fixed interest rate of 7.99%, or an APR of 7.80%. Like the No Fee USBank student loan, you can receive a .50% interest rate reduction when you set up AutoPay, and deferred payments are available. Repayment plans can last up to 15 years. As with the NoFee USBank student loan, the Fixed-Rate USBank Student Loan has a borrowing minimum of $1,000, and a maximum of the cost of education less any financial aid received.
Applying for USBank Student Loans
To apply for a USBank student loan, simply use our Student Loan Comparison Tool, or visit their site. It is important to apply with a credit worthy cosigner, as having one can not only substantially lower your interest rate, but a cosigner with a strong credit history can greatly increase your chances of being approved for USBank student loans.