Abby loans for students
Before applying for a private student loan, DR Bank and Monogram LLC recommend that you exhaust all financial aid alternatives including grants, scholarships, and federal student loans.
The AbeSM Student Loan is offered by DR Bank, Member FDIC (“Lender”). All loans are subject to individual approval and adherence to lender’s underwriting guidelines. Program restrictions and other terms and conditions apply. LENDER and MONOGRAM LLC reserve the right to modify or discontinue products and features at any time without notice. Terms, conditions and prices are subject to change at any time without notice.
* In order to estimate your available rates and loan options, after obtaining your authorization, DR Bank will initiate a soft credit investigation. Simple credit inquiries do not affect your credit. Any loan rates and options provided to you are estimates only.
1 Interest Rates and APRs (Annual Percentage Rates): Interest rates and APRs (Annual Percentage Rates) are based on (1) the credit history of the student and cosigner (if applicable), (2) the repayment option and repayment term selected, (3) the expected number of deferment years, (4) the loan amount requested and (5) other information provided in the online loan application. Prices and terms are effective from 01/01/2026. The variable interest rate is calculated for each calendar month by adding the average 30-day Secured Overnight Financing Rate (“SOFR”) index plus a fixed margin allocated to each loan. The current SOFR index published on the New York Fed website is 3.875% as of 01/01/2026. The index or margin applied to variable rate loans may change over time and result in a different annual interest rate than shown. The fixed rate assigned to the loan will never change except as required by law or if you request and qualify for an interest rate discount, or obtain in-school default protection (see footnote 3). Annual interest rates are shown as a range: APR assumes a loan of $10,000 with one payment. Low APRs assume a 7-year term and interest-only payment option with payments starting 30 to 60 days after disbursement via automatic payment (see footnote 2). High APRs assume a 5-year term with an interest-only payment option, a 31-month deferment period, and a six-month grace period before entering into repayment.
2 Automatic Payment Discount: Receive a 0.25% interest rate reduction for making automatic payments from a bank account (“Automatic Payment Discount”) by completing the direct debit form accessible on the Service’s website. Autopay discount plus other discounts. The automatic payment discount will be applied after the service provider verifies your bank account information. Automatic payments and associated debiting will be temporarily stopped (i) if you choose to stop automatic debiting of payments and (ii) during periods when you are not required to make payments. The discount will be permanently stopped if three automatic discounts are returned by the financial institution for any reason.
3 In-School Deferment Protection: Interest-only or fixed payment loans that are at least 90 days late during the in-school deferment period will automatically move to the full deferment payment option. Under these circumstances, the interest rate on the original interest-only loan will increase by one percentage point (1.00%) and the interest rate on the original fixed-payment loan will increase by one-quarter of one percentage point (0.25%). Credit reports before converting the loan to the full deferred payment option will remain on your record. Any accrued unpaid interest at the end of the in-school deferral period may be capitalized in accordance with the credit agreement.
4 Loan Amounts: The minimum loan amount is $1,000, except for (a) student applicants who are permanent residents of Iowa in which case the minimum loan amount is $1,001, and (b) student applicants or co-signers who are permanent residents of Massachusetts in which case the minimum loan amount is $6,001. The maximum loan amount for school expenses for each academic year is determined by the school’s cost of attendance, less other financial aid, as approved by the school. The requested loan amount cannot cause an applicant’s total maximum student loan debt (which includes federal and private student loans) to exceed $225,000. For a graduate specialty loan (dental, medical, healthcare, law and MBA), the loan amount cannot cause the total maximum student loan debt to exceed $350,000.
5 Loan Terms: 15- and 20-year fixed payment option ($25 per month during in-school deferment) only available for loan amounts of $5,000 or more. Paying interest-only or fixed interest payments during deferment will not reduce the principal balance of the loan. Payment examples (all assume 14-month deferment period, six-month grace period before entering payment, no automatic payment discount, and interest-only payment option): 5-Year Term: A $10,000 loan, one disbursement, with a 5-year (60-month) repayment term and an APR of 9.30%, would result in a monthly principal and interest payment of $209.04. 7-Year Term: A $10,000 loan, in one lump sum, with a repayment term of 7 years (84 months) and an APR of 6.50%, would result in a monthly principal and interest payment of $148.49. 10-Year Term: A $10,000 loan, in one lump sum, with a repayment term of 10 years (120 months) and an APR of 6.35%, would result in a monthly principal and interest payment of $112.76. 15-Year Term: A $10,000 loan, in one lump sum, with a repayment term of 15 years (180 months) and an APR of 6.30%, would result in a monthly principal and interest payment of $86.02. 20-Year Term: A $10,000 loan, in one lump sum, with a repayment term of 20 years (240 months) and an APR of 8.38%, would result in a monthly principal and interest payment of $86.02.
6. The student borrower meets certain credit and other criteria, and the servicer must have received 12 consecutive monthly payments of principal and interest or lump sum payments equal to 12 monthly payments of principal and interest during any 12-month period. While a loan is in a reduced payment plan or while a reduced payment plan application is pending, borrowers are not eligible to apply for cosigner relief.
7 The grace period is six months. The grace period begins on the earlier of the date (a) the student borrower graduates, (b) the student borrower ceases to be enrolled, or (c) 60 months after the first disbursement date, but in no event, earlier than six months after the first disbursement date. The instant payment option does not have a grace period.
The rise of student loans
Ascent’s undergraduate and graduate student loans are funded by Bank of Lake Mills or DR Bank, each member of the Federal Deposit Insurance Corporation (FDIC). Loan products may not be available in some jurisdictions. Some limitations and restrictions, Terms and conditions may apply andOr go up‘s Terms and Conditions Please visit:
*Ascent undergraduate and graduate student loans are financed by Bank of Lake Mills or DR Bank, each member of the Federal Deposit Insurance Corporation (FDIC). Loan products may not be available in some jurisdictions. Certain restrictions, restrictions, terms and conditions may apply to the Ascent Terms and Conditions, please visitAscentFunding.com/Ts&Cs. The annual percentage rates (APRs) displayed above are effective as of 1/1/2026 It reflects automatic payment discount (ACH). The ACH discount consists of 0.25% on credit-based college student loans made before 6/1/2025, a 0.5% discount on credit-based college student loans made on or after 6/1/2025, and a 1.00% discount on scores-based loans when you enroll in automatic payments. Loans are subject to individual approval, and restrictions and conditions apply. Loan features and information advertised are intended for college student loans and are subject to change at any time. For more information, seePayment examples Or review Rising Student Loan Terms and Conditions. The final amount approved is based on the borrower’s credit history, verifiable cost of attendance as certified by an eligible school, and is subject to credit approval and verification of application information. Lower interest rates require full payments of principal and interest (immediate), the shortest loan term, and a co-signer, and are only available to the most creditworthy applicants and co-signers with the highest average credit scores. Your actual annual rate of return may be higher or lower than the examples above, depending on the amount of time you spend in school and any grace period you have before repayment begins. Variable rates may increase after completion. Graduation bonus with 1% cashback is subject to terms and conditions. For details on Ascent borrower benefits, visit AscentFunding.com/BorrowerBenefits. Ascent applicants and borrowers who agree to AscentUP’s Terms of Service and Privacy Policy, as well as students associated with an Ascent Parent Loan application, have access to the AscentUP platform.
*Minimum amount is $2,001 except in Massachusetts. The minimum loan amount for borrowers with a permanent address in Massachusetts is $6,001.
Sallie Mae Student Loans
¹The prices shown are for undergraduate students and vocational training students:
The lowest rates shown include the auto debit discount: Additional information regarding the auto debit discount: Advertised APRs for undergraduate students assume a $10,000 loan for a student who has been attending school for 4 years and has no prior Sallie Mae loans. Interest rates on variable rate loans may increase or decrease over the life of the loan based on changes in the average 30-day Secured Overnight Financing Rate (SOFR), rounded to the nearest eighth of one percent. The variable rates advertised are the initial range of rates and may vary outside of this range over the life of the loan. Interest is charged starting when you send the money to the school. With fixed and deferred repayment options, the interest rate is higher than with the interest repayment option and the unpaid interest is added to the existing loan principal at the end of the grace/breakup period. To receive an interest rate discount of 0.25 percentage points, a borrower or cosigner must enroll in automatic discount through Sallie Mae. The discount applies only during active repayment as long as the current amount due or the allocated amount is successfully withdrawn from the approved bank account each month. It may be suspended during the deadline or postponement. *These prices will be effective as of 12/26/2025.
conditions:
Examples of typical costs for a $10,000 Smart Option student loan with the most popular fixed rate, fixed repayment option, 6-month term period, and 2 disbursements: For a borrower with no prior loans and 4 years of school, it works out to a fixed APR of 10.28%, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, Total loan cost of $23,134.44. For a borrower with $20,000 in prior loans and two years in school, that comes out to a fixed APR of 10.78%, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans subject to a $50 minimum down payment amount and interest may have a loan term of less than 10 years.
² For applications submitted directly to Sallie Mae, the loan amount cannot exceed the cost of attendance less financial aid received, as approved by the school. Applications submitted to Sallie Mae through a partner website may be subject to a lower maximum loan application amount. Miscellaneous personal expenses (e.g. laptop) may be included in the cost of attendance for students enrolled at least half-time.
