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Student Loan


Stated BankERS student loan offering is a comprehensive and accessible financial solution designed to support students in funding their education. With competitive rates, the program emphasizes affordability, further enhanced by Loyalty and Automatic Payment Discounts. Our Multi-Year Approval simplifies the process by providing a structured plan, eliminating the need for yearly reapplication.

Our Multi-Year Approval simplifies the process by providing a structured plan, eliminating the need for yearly reapplication.

Apply Now

Student loan Benefits

Competitive Rates:

Access to student loans with competitive interest rates helps reduce the overall cost of financing education.

Flexible Repayment Options

Our flexible repayment plans, allows you to choose options that suit your financial circumstances, such as income-driven repayment plans or deferment.

Multi-Year Approval:

Multi-year approval, streamlining the borrowing process for students and eliminating the need for annual reapplication.

Financial Education Resources:

We offer educational resources and guidance to help you make informed financial decisions, manage your loans effectively, and navigate the complexities of the repayment process.

Student loan Options

Graduate Student Loans

Increase Savings through Rate Reductions Displayed rates incorporate a loyalty and autopay discount of up to 0.50%.

If you enrolled in automatic payments you will be qualified for a reduced rate as long as you hold a Stated Savings account.

Fixed Rates

5.52% – 13.4% APR


Variable Rates

4.22% – 12.1% APR

    Apply Now    
Undergraduate Student Loans

Increase Savings through Rate Reductions Displayed rates incorporate a loyalty and autopay discount of up to 0.50%.

If you enrolled in automatic payments you will be qualified for a reduced rate as long as you hold a Stated Savings account.

Fixed Rates

3.50% – 14.6% APR


Variable Rates

5.12% – 15.1% APR

    Apply Now    
Refinance- Student Loan

Take advantage of our Refinancing option to manage your student loan more effectively and potentially save money in the long run.

Fixed Rates

3.52% – 14.8% APR


Variable Rates

4.22% – 15.5% APR

    Apply Now    

Common Inquiries

Borrower Eligibility

To qualify for a Stated Student Loan, individuals must meet the following criteria:

  • U.S. citizenship or permanent residency is required. International students may apply with a creditworthy U.S. citizen or permanent resident cosigner.
  • The student must be enrolled at least half-time in a degree-granting program at an eligible institution, typically equivalent to 6-8 credit hours per semester. Details may vary by school, and students are advised to consult their school’s financial aid office for specific requirements.
  • A good credit history is necessary, or a qualified cosigner† may be required.
  • The borrower must have reached the age of majority in their state of residence. Alternatively, if the age of majority has not been attained, a cosigner will be mandatory.
  • No previous defaults on student loans are allowed.

Loan Amount Limits

Stated Student Loan allows borrowers to access funds up to the maximum qualified loan amount or the total cost of education, whichever is lower.


Lifetime aggregate limits, encompassing both federal and private loan debt, are as follows:

  • Minimum: $1,000
  • Graduate Degrees: $180,000
  • MBA and Law: $250,000
  • Healthcare: $150,000 or $300,000

Application Fees and Repayment

There are no prepayment penalties or other charges for exceeding the minimum monthly payment or paying off the entire loan ahead of schedule.

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Several reasons may prompt individuals to consider refinancing their student loans

Simplify Finances

Managing multiple student loans with different interest rates and repayment terms can be complex. Refinancing provides an opportunity to consolidate multiple loans into a single, more straightforward loan with a unified interest rate and repayment schedule.

This simplification can make it easier for borrowers to keep track of their finances and payments.

Lower Interest Rates

One of the primary motivations for refinancing is to secure a lower interest rate. If a borrower’s credit score has improved since they initially took out their student loans or if market interest rates have decreased, refinancing can result in a lower overall interest rate.

This can lead to substantial savings over the life of the loan.

Improved Terms and Conditions

Refinancing can also offer borrowers the opportunity to negotiate improved loan terms and conditions. This may include benefits such as flexible repayment options, deferment or forbearance options, and the elimination of origination fees.

By refinancing, borrowers can customize their loan terms to better align with their financial goals and circumstances.

Monthly Payment Reduction

Refinancing allows borrowers to extend the repayment period, resulting in lower monthly payments. This can be particularly beneficial for individuals facing financial challenges or seeking more manageable monthly expenses.

However, it’s essential to consider the trade-off between lower monthly payments and a potentially longer repayment term, which may result in paying more interest over time.

Release of Co-signers

Many students initially require a co-signer to secure their loans, especially if they have limited credit history. Refinancing provides an opportunity for borrowers to release their co-signers once they have established a more robust credit profile and financial stability.

This can be a significant relief for both the borrower and the co-signer.

Switching from Variable to Fixed Rates

Some borrowers initially opt for variable interest rates to take advantage of lower rates but face the risk of increased rates over time.

Refinancing allows borrowers to switch from variable to fixed interest rates, providing stability and protection against potential future rate hikes.

It’s important for individuals considering student loan refinancing to carefully evaluate the terms offered by different lenders and to understand the potential benefits and drawbacks.

Additionally, borrowers should be mindful of any federal loan benefits, such as income-driven repayment plans or loan forgiveness programs, which may be forfeited when refinancing federal loans into private loans.

Overall, refinancing can be a valuable tool for borrowers seeking to optimize their student loan repayment strategy and achieve greater financial flexibility.

Current Mortgage Rates

Secure your rate, and you have the option to fix it for a duration of up to 60 days. The presented rates and monthly payments are calculated for a $300,000 mortgage. Certain lending restrictions, such as property location and loan amount, may be applicable.

Product

Rate

APR

Points

Estimated Monthly Payments

30 Years Locked-in Rate

7.0000%

7.084%

.375

1,995 USD

15 Years Locked-in Rate

6.8

7.17

1.37

2,675 USD

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