Written by Jonathan O'Donnell. Last updated August 1st 2017

Start Your Private Student Loan Application

If you’re thinking about a private student loan to help fund the gap between scholarships, federal student loans and the total cost of your college education, you should shop around to find the right loan to fit your needs.

You should also research which lenders to look at, and how you can compare them in the fastest way possible.

If that’s the case, we suggest checking out Connext private student loans, powered by ReliaMax® a comprehensive new lending platform that could help change the way consumers shop for student loans.

The banks participating in the Connext program provide both variable and fixed interest rate loans, no origination fees and multiple repayment options to help you successfully repay your loan. What sets Connext apart is that a dedicated loan specialist is assigned to you, for the life of the loan, once your loan has been disbursed. You'll talk to the same person every time, who can help you with information and navigating financial decisions related to your loan.

How does Connext work? And how could it help you? Let us walk you through what you need to know.

Why Get A Student Loan Through Connext?

Connext Private Student Loans, Powered by ReliaMax, works with a network of banks, credit unions and alternative lenders that can get you quickly started on your NEXT step, undergraduate, graduate or refinance.

Connext was created with the goal of connecting students with community and regional banks and non-traditional lenders that care about the borrower and believe that when students are able to achieve their education goals, it benefits everyone in their community.

ReliaMax, the company behind the Connext platform, has a reputation for offering innovative lending solutions. ReliaMax is in the interesting position of being a tech-forward company, yet has deep roots in the student loan world that goes back more than two decades. ReliaMax has database of more than 20 years’ worth of data on student loan performance on over $3 billion loans.

ReliaMax is partially built on the foundation of a company called Hemar, which was a private insurer of student loans. When ReliaMax acquired Hemar in 2006, it gained more than 20 years’ worth of data on student loans.

That information provides ReliaMax and its lender network with a powerful perspective on what makes for a successful private student loan. This allows the banks, credit unions, and alternative lenders participating on the Connext platform to present loan packages that are designed to help borrowers successfully pay off their loans.

 
 
Rates (APR) 3.00%-10.76%*
Loan Types Variable & Fixed
Terms 10 & 15 years
Degrees Undergrad & Graduate
Loans Students
Start Your Private Student Loan Application

What Are the Benefits of a Connext Private Student Loan?

Because Connext works with regional and community banks, credit unions and non-traditional lenders, you’ll be able to connect with lenders that you might not be aware of. That’s useful for one very simple reason: these lenders often have more competitive rates than the “big banks.”

For example, right now (as of July 2017), Connext is presenting offers with variable interest rates rates from 3.00% - 10.54% APR and fixed interest rates of 5.40% APR - 10.76% APR for qualified individuals (as of July 2017).

When you apply for a loan through the Connext platform, you also get the benefit of having Connext service your loan. That means you can make easy online payments and have access to Connext’s student loan service representatives.

In fact, one especially cool (and unusual) feature that Connext offers is its personalized customer service. You’ll be assigned one representative who will be in charge of handling your loan once it is disbursed. If you have a problem, you’ll speak to that person directly. You’ll even know his or her name. (When was the last time you were able to ask for a customer service person by name?)

Start Your Private Student Loan Application

What Types of Private Student Loans Does Connext Present?

Connext presents offers for undergraduate and graduate student loans.

You can apply for loans for as little as $2,000 for undergraduate and graduate loans. Maximum loan amounts are $100,000 for undergraduate loans and $150,000 for graduate loans.


  Loan Servicer Monthly
Payment
School Required  
ReliaMax Lending
Services, LLC
$50.00 (min) Yes Apply

What Are the Eligibility Requirements for Connext Private Students Loans?

Applicants must be citizens or permanent residents of the U.S.

You must be attending a school on the ReliaMax Eligibility list.

Applicants must have good credit or apply with a qualified cosigner. As with all loans, borrowers with excellent credit are generally entitled to lower interest rates.

Cosigners may be released after 36 consecutive on-time Principal & Interest Payments.

What are the Rates and Fees for a Connext Private Student Loan?

Connext presents offers with competitive interest rates with variable interest rates from 3.00% - 10.54% APR and fixed interest rates of 5.40% APR - 10.76% APR for qualified individuals (as of July 2017).

Connext presents offers with payment terms of 10 and 15 years, with a 6 month grace period that begins when the borrower either graduates or ceases to be enrolled at a minimum of half-time status

Alternative repayment options are available to assist with successful repayment of the loan. Borrowers may select from deferred, or immediate repayment options.

There is no application or origination fee to apply for a private student loan through Connext.


Does Connext Offer Discounts for Student Loans?

Connext offers a 0.25% reduction in interest rates if you sign up for automatic payments. Over the life of your loan, this could add up to substantial savings.

Variable Rate (APR) 3.00% - 10.54%*
Fixed Rates (APR) 5.40% - 11.76%*
Application Fee $0
Origination Fee $0
Repayment Fee $0
ACH Discount  (0.25%)
Start Your Private Student Loan Application

What Is the Application Process for a Student Loan from Connext?

To apply, you or your cosigner will need several pieces of information on hand, including:

  • valid state ID
  • social security number
  • contact information
  • name of the school you plan to attend
  • major
  • academic term (fall, spring, summer, winter)
  • year in school (freshman, sophomore, junior, senior)
  • anticipated graduation date
  • cost of attendance (which can be found on your financial aid award letter)
  • estimate of other financial aid

When you click apply, you’ll be taken to a site that identifies you lender.

It takes just a few minutes to apply. Applications are generally processed 24/7, so you can expect a decision quickly.


Should You Apply for a Private Student Loan Through Connext?

The guiding philosophy for Connext (and also, the inspiration for their name) is that they want to connect students with the next opportunities in their lives. With a cutting-edge platform that gives borrowers access to deals that might not have otherwise been on their radar screens, in our view, Connext is doing a good job of living up to its motto.

Learn more about private student loans from Connext.


Start Your Private Student Loan Application


Connext Private Student Loans: Powered by ReliaMax - Rate Disclosures

Connext Private Student Loans Powered by ReliaMax works with a network of lenders that enables you to get up to 100% of all school certified educational costs up to the loan maximum. Connext gets you started earning an undergraduate or graduate degree, and our network of lenders can refinance your loans when you are out of school.

Undergraduate/Graduate Rates:

VARIABLE RATES:
*Annual Percentage Rate (APR). This loan has a variable interest rate equal to an Index plus a Margin. The Index is the three-month London Interbank Offered Rate (“LIBOR”) published in the “Money Rates” section of The Wall Street Journal on the 20th day of the month preceding the applicable Change Date as applied according to the following rules (or on any successor or substitute page of a successor available source providing such quotations). The 3Month LIBOR as published without regard to the two-day delayed effective date. If the 20th day of the month is not a business day, the preceding business day is used to determine the Current Index. For purposes of this Paragraph “business day” means any day the banks in New York and London are open for the transaction of business. The current 3 Month LIBOR is 1.28% as of June 20, 2017 used for the rates effective July 1- Sept 30, 2017. The Margin is determined upon approval of the loan and does not change. The APR example was calculated on a $12,000 loan with payments deferred for 2.5 years. The low APR rate includes a 0.25% discount for automatic payments (ACH) and a 10-year repayment term. The high APR rate uses a 15-year repayment term and does not include a discount. The interest rate is subject to change quarterly which may result in a higher monthly payment amount. Within the application process, before a borrower can accept the terms and conditions of a loan (including interest rate), an Application Disclosure and Approval Disclosure will be provided. Interest rates are based on the credit of the applicant and/or co-signer.

FIXED RATES:
* Annual Percentage Rate (APR). This loan has a fixed interest rate that is determined at the time of the application approval. The rate does not change during the term of the loan. This APR was calculated on a $12,000 loan with payments deferred for 2.5 years. The low APR rate includes a 0.25% discount for automatic payments (ACH) and a 10-year repayment term. The high APR rate uses a 15-year repayment term and does not include a discount. Within the application process, before a borrower can accept the terms and conditions of a loan (including interest rate), an Application Disclosure and Approval Disclosure will be provided. Interest rates are based on the credit of the applicant and/or co-signer.

ACH Discount:
Loans are subject to receive a 0.25% interest rate discount when a loan is enrolled in recurring ACH payments with ReliaMax, the loan servicer. The interest rate is discounted form the date of the first payment automatically deducted until the date of the last payment that is automatically deducted. If you cancel recurring ACH any time during repayment, the interest rate ends as of the last date a payment was deducted automatically.


Advertiser Disclosures:

Nitro College is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. The rates and terms listed for each lender are estimates and will change depending on your credit profile and other information you provide to lenders. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Nitro College receives compensation from lenders that appear on this site.