APR's range from 3.000%–7.540%1 with Autopay2

Simplifying your payments has never been easier. With the EDvestinU Consolidation Loan you can combine multiple student loans (federal and private) into a new loan with the potential to reduce your interest rate, and lower your monthly payment. You even get to choose between a 5, 10, 15 or 20 year term. But if you want to pay it off sooner, that’s okay too – and you’ll never pay a fee for paying early.

Want an idea of the rate you may qualify for before filling out an application? Check out EDvestinU’s one–of–a–kind Consolidation Savings & Payment Calculator. This custom calculator helps you estimate your rate, monthly payment amount, and total cost of loan without entering any personal information.

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Fixed Rate


A fixed rate will ensure that your interest rate does not change over the life of the loan. This means you can always be sure that your monthly payment will remain the same. This is an option for borrowers who want to know what they can expect to pay on a monthly basis.



Variable Rate


A variable rate will change as often as monthly based on changes in the economy. The variable rate offer may be lower than a fixed rate, but your payments can change on a monthly basis. This is an option best suited for borrowers that would like the lowest possible rate and are willing to assume the risk that their monthly payment can fluctuate.


1 APR, projected monthly payments, and total cost of loan examples are based on a $10,000 loan disbursed in one disbursement with either 5–year, 10–year, 15–year or 20–year repayment. APR’s provided include a 0.25 percent interest rate reduction for authorizing our loan servicer to automatically deduct your payments each month from your bank account. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan. Variable APR rates may increase or decrease depending on fluctuations in the London Interbank Offered Rate (LIBOR) index. Monthly interest rate accrual is based on the published One–Month London Interbank Offered Rate ("LIBOR") as of the last business day of the previous month plus your applicable margin. As of May 31, 2017 the One–Month LIBOR rate is 1.06%.

2 Autopay Benefit: During Periods when payments are due, you will be eligible to receive a 0.25 percentage point interest rate reduction on your loan by authorizing our loan servicer to automatically deduct your payments each month from your bank account. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan.

Why EDvestinU?

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Nonprofit Servicer

Student loan servicing from a nationally recognized nonprofit provider with 24/7 online account access and expert loan counseling from application to final payment.

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Stakeholders, Not Stockholders

Unlike the competition, EDvestinU Student Loan Programs focus on stakeholders — the hard–working parents and college–bound students.

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Community Support

Proceeds from the EDvestinU Loan Programs support monthly scholarships and college access activities in 100% of N.H. public high schools.

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Cosigner Release3

The opportunity to remove a cosigner from your loan(s) after 36 months of consecutive and on–time payments

Things to Consider


Is consolidation or refinancing right for you? Here are some things to consider when deciding.

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Questions?


Check out our FAQ Section for answers to some commonly asked questions or call us at 855.887.5430.

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3 Cosigner Release allowed if an account is in current standing, after 36 months of consecutive and on–time payments with a borrower FICO >699 and minimum income requirement of $30,000 for loan balances up to $100,000, and income requirement of $50,000 for loan balances over $100,000 with no foreclosures, repossessions, wage garnishments, unpaid judgments or other public records having an open balance exceeding $100 during the last 7 years. Borrowers must also have a debt–to–income ratio of 43% or less and not currently be involved in bankruptcy proceeding or had any bankruptcy filings during the past 10 years and cannot have any defaults on education loans.