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Citizens One Student Loans Disclosures

1. Undergraduate Rate Disclosure:  Variable rate, based on the one-month London Interbank Offered Rate ("LIBOR") published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of May 1, 2017, the one-month LIBOR rate is 0.99%. Variable interest rates range from 3.99% - 10.99% (3.99% - 10.38% APR) and will fluctuate over the term of the loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a co-signer. Fixed interest rates range from 5.74% - 11.99% (5.74% - 11.75% APR) based on applicable terms, level of degree earned and presence of a co-signer. Lowest rates shown requires application with a co-signer, are for eligible applicants, require a 5-year repayment term, borrower making scheduled payments while in school and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens One is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of the loan.

2. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.

3. Automatic Payment Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.


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College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC, or The Middlefield Banking Company, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

As certified by your school and less any other financial aid you might receive. Minimum $2,000.
The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

Information advertised valid as of 11/17/2016. Variable interest rates may increase after consummation.

WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE (IN WHOLE OR IN PART) THIS LOAN PROGRAM AND ITS ASSOCIATED SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK WWW.COLLEGEAVESTUDENTLOANS.COM FOR THE MOST UP-TO-DATE INFORMATION.


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Connext Private Student Loans: Powered by ReliaMax

Connext Private Student Loans Powered by ReliaMax works with a network of lenders that enables you to get 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 1.15% as of March 20, 2017 used for the rates effective April 1-June 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.


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LendKey Disclosures

1 - Tax Deductible Interest Payments

The deduction is generally the smaller of $2,500 or the interest you paid in the calendar year. Please consult with a tax expert to understand if this option may be available to you.

2 - Cosigner Release

In order to qualify, the borrower, alone, must meet the lender's credit criteria, and the borrower's loan account must be and remain current up until the lender's decision to release the cosigner has been made.

3 - Autopay Rate Reduction

Subject to floor rate. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments..


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.