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Learn More about Reset Loan

If you're paying high interest rates on your education loans, the Reset Loan might be right for you. This competitive student loan refinance program features fixed interest rates with three repayment terms and an interest rate reduction benefit.

Loan Options Tab Repayment Benefits Tab Underwriting Criteria Tab Refinance Estimator Tab

Options

With the Reset Loan, you choose which repayment term is best for you. View the different tabs below for financial details and examples for $25,000 loans.

Note: The Reset Loan may only consist of current education debt and must be:

  • At least $5,000.
  • No more than $150,000.

Five Year Term Tab Ten Year Term Tab Fifteen Year Term Tab

Iowa Residents

Examples for a $25,000 Loan

If your
FICO1
score is ...
Interest
Rate
Origination
Fee
Annual
Percentage
Rate
Finance
Charge
Principal &
Interest Monthly
Payment
830 or more2 4.25% 0% 4.25% $2,792 $463
760–8293 5.15% 0% 5.15% $3,407 $473
720–7594 5.99% 0% 5.99% $3,988 $483

Non-Iowa Residents

Examples for a $25,000 Loan

If your
FICO1
score is ...
Interest
Rate
Origination
Fee
Annual
Percentage
Rate
Finance
Charge
Principal &
Interest Monthly
Payment
830 or more5 4.50% 0% 4.50% $2,962 $466
760–8296 5.40% 0% 5.40% $3,579 $476
720–7597 6.24% 0% 6.23% $4,163 $486

1 The FICO score used is the TransUnion FICO Score 4, which is based on data from TransUnion and may be different from other credit scores. FICO is a registered trademark of the Fair Isaac Corporation.

2 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $25,000, a 0% origination fee and a fixed interest rate of 4.25% during the 60-month principal and interest repayment period.

3 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $25,000, a 0% origination fee and a fixed interest rate of 5.15% during the 60-month principal and interest repayment period.

4 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $25,000, a 0% origination fee and a fixed interest rate of 5.99% during the 60-month principal and interest repayment period.

5 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $25,000, a 0% origination fee and a fixed interest rate of 4.50% during the 60-month principal and interest repayment period.

6 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $25,000, a 0% origination fee and a fixed interest rate of 5.40% during the 60-month principal and interest repayment period.

7 Annual percentage rate (APR), finance charge and monthly payments are based on borrowing $25,000, a 0% origination fee and a fixed interest rate of 6.24% during the 60-month principal and interest repayment period.

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