Borrower Benefits for a Direct Private Educational Loan

Costs associated with postsecondary education are significant, and sometimes, unexpected. Direct Private Educational Loans can help students and their families meet these challenges quickly.

Maximum loan amounts up to $250,000 or the total cost of attendance for your school¹.
Take advantage of a 25-year repayment term with no pre-payment penalties².
0.50% interest rate reduction for electronic payments³.
0.50% interest rate reduction after 48 consecutive on-time payments³.
In school deferment up to 60 months.

You can find more information at the following links. "Repayment" and "FAQ" take you to the application Web site: Eligibility, Repayment, FAQ.

All loans are subject to credit approval. Lender is Lehman Brothers Bank, FSB. Equal Opportunity Lender. Cedar Education Lending and SAF are compensated for the referral of private loan customers to the Lender.
¹Maximum loan amount denotes a lifetime aggregate maximum.
²The repayment period may be less than the 25-year maximum allowed depending on the borrower’s indebtedness at the beginning of his or her repayment period and the requirement that the borrower either satisfies a $50 minimum monthly payment amount (level schedule) or the terms of a graduated repayment schedule.
³Borrower benefits and conditions are subject to change.