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, DR Bank will conduct a simple credit inquiry, as permitted by you. Simple credit inquiries do not affect your credit. If the rates and loan options offered to you are available, they are estimates only. Once you submit your application, DR Bank may conduct a strict credit investigation, as authorized by you. Loan approval, options, and final rates are based on verification of the information provided in your application, information obtained from the applicant’s credit inquiries, and the participating co-signer, if applicable.
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. If approved, applicants will be notified of the rate applicable to your loan. Prices and terms are effective as of 11/1/2025. The variable interest rate is calculated for each calendar month by adding the 30-day average Secured Overnight Financing Rate (“SOFR”) index, or an alternative index if the SOFR index is no longer available, plus a fixed spread allocated to each loan. The SOFR index is published on the website of the Federal Reserve Bank of New York. The current SOFR is 4.250% as of 11/1/2025. The variable interest rate will change if the SOFR index changes, if a new index is chosen, or if you automatically qualify for in-school default protection (see footnote below for details). 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 the on-time payment discount or automatic payment discount, or you automatically qualify for in-school default protection (see footnote below for details). 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.
2Automatic Payment Discount: Get a 0.25% interest rate reduction for making automatic payments from a bank account (“Automatic Payment Discount”) by completing the direct debit form provided by your service provider. 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 Default Protection: Borrowers with interest-only or fixed-payment loans that are at least 90 days delinquent during the in-school deferment period will automatically have their repayment option moved from interest-only or fixed-payment to full-payment deferment. Under these circumstances, the interest rate on the loan will automatically rise to match the interest rate associated with the corresponding full deferment loan. For an interest-only loan, the interest rate will increase by one percentage point (1.00%). For a fixed-payment loan, the interest rate will increase by one-quarter of one percentage point (0.25%). Credit reports before converting the loan to the deferred full 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, minus other financial aid, such as federal student loans, scholarships, or grants. The loan amount must be certified by the school. The loan amount cannot cause the maximum total student loan debt (which includes federal and private student loans), on an undergraduate or graduate loan, to exceed $225,000 per applicant (in signed applications, separate calculations are made for the student and signer). 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.
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 11/1/2025 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 11/25/2025.
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.
