What to do when school grants, scholarships and government loans don’t cover the costs of attending college.
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Loans for Current or Prospective Students
Sunward can help bridge a funding gap when school grants, scholarships, and government loans don’t cover the entire cost of attending college. You can apply for a Sunward private student loan anytime you need it, and it can help pay for tuition as well as other qualified expenses such as textbooks, housing, computers, and even food.
Borrow as little as $2,000 or as much as the cost of annual attendance (minus financial aid) for a maximum value of $120,000 in undergraduate loans or up to $160,000 in graduate loans. Choose the payment option that best fits your budget, including interest-only payments or $25 monthly payments while you’re in school. We offer lower rates for good grades and a 0.25% interest discount for setting up automatic loan payments.*
Consolidation Loans for Grads
Sunward may be able to reduce your loan payments through consolidation if you’re carrying high-rate loans. Consider this option if you have an undergraduate loan disbursed when rates were higher or a private student loan with a higher rate.
Consolidation could also be a good choice if you have a number of student loans from different lenders. The total amount of your multiple monthly payments may be reduced, and you’ll enjoy the simplicity of one monthly payment. Borrow as little as $7,500 or as much as $100,000 for undergraduate loans. Or you could borrow up to $150,000 for a combination of undergraduate and graduate loans.
Sunward can consolidate federal and private student loans, but many federal loans have benefits that Sunward student loans do not offer. Review the terms of your federal student loans carefully before consolidating.
Learn more or apply today at gosunward.org/student-loans.
*Variable rate loan. Special conditions apply. If you enroll in automatic monthly payments from a personal checking or savings account to pay principal and interest amounts that are due, the margin will be reduced by 0.25%, subject to the floor interest rate of 4.0%. This rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments. Rates and approval are based on credit history; applying with a cosigner can increase your likelihood of approval and may result in a lower loan rate. Check with the credit union for details.
