Already secured a federal or private loan? Learn how to switch to the negotiated deal.

Negotiated Student Loan Deal

After carefully evaluating 7 bids, we found that Laurel Road provided the most value to LeverEdge Members.

0.4% Exclusive Rate Reduction

0.4% Exclusive Rate Reduction

Access the Negotiated Deal

LeverEdge asked for information from each lender to estimate the rates and terms that each member could reasonably expect to receive if the lender was selected. Once lenders submitted the necessary information, we developed a model to evaluate:

  • How many members would receive an offer that would be better than their best alternative in the market?
  • How much each member could save and what does the distribution of those savings look like?
  • How much the total group would save?

We are unable to share the actual bids we received or the names of the lenders that submitted bids. Fewer lenders would be willing to submit bids in the future if we were to reveal the names of the lenders that did not win. Secondly, we sign non-disclosure agreements with most lenders and the proposals from lenders are typically confidential information.

Compare Rates *

Rates shown assume no payments while in-school.
Lower rates available based on other repayment options.

Fixed APR Starting At 5 Yr 7 Yr 10 Yr 15 Yr 20 Yr
Laurel Road + LeverEdge 4.77%+ 4.73%+ 5.06%+ 5.54%+ 6.19%+
SunTrust N/A 5.41%+ 5.73%+ N/A N/A
CommonBond N/A N/A 5.80%+ 6.22%+ N/A
Citizens Bank 5.79%+ N/A 6.02%+ 6.22%+ N/A
SoFi 6.01% + N/A 6.47%+ 6.84%+ N/A
Discover N/A N/A N/A N/A 5.84%+

7, 15, and 20 year options also available

When comparing advertised rates, make sure to look at the same

  • loan type (fixed vs. variable)
  • loan term
  • repayment plan
  • auto-pay discount

  • Loan Type (Fixed vs. Variable)
  • Loan Term (5 Yr, 7 Yr etc.)
  • Repayment Plan (No payments in school, fixed payments in school etc.)
  • Auto-pay discount

- Rates include a 0.40% rate discount for LeverEdge members.

- Rates include a 0.25% rate discount for making automatic payments from a bank account.

- LeverEdge member offer cannot be combined with other Laurel Road offers, including the Referral Program.

Access the Negotiated Deal

The information above was compiled from the following sources:

  • LeverEdge + Laurel Road rates based on information provided by Laurel Road to LeverEdge
  • SoFi rates from here: on 6/18/2019 at 4:43pm. Fully Deferred Rates.
  • SunTrust rates from here:
  • SunTrust rates include 0.25% auto pay discount. Additional 0.25% relationship discount is available.
  • Some CommonBond rates from here: on 6/18/2019 at 1:37pm
  • Some CommonBond rates from here: on 6/24/2019 at 9:40am
  • Citizens Bank rates from on 6/28/2019 at 10:16am
  • Added 0.25% to the rates shown since they assumed 0.25% relationship discount.
  • Discover rates from on 6/18/2019 at 1:40pm.
  • Added 0.35% to Discover rates on website to adjust for interest payments during school based on
  • Rates posted here for all lenders include auto pay discount but do not include any relationship discounts
  • Rates posted here are for deferred repayment option i.e. no payments while in-school
  • Please check with the respective lenders for accuracy of the information presented here

Estimate Savings Compared to Federal Loan Options

We encourage you to learn about features available via student loans from the government. Many LeverEdge Members find that they don't anticipate needing those features. If you are in the same boat, the calculator below helps you estimate your savings if you choose to use the LeverEdge + Laurel Road deal.

Estimated Savings


Over the Life of the Loan

Payments Our Deal Federal
Monthly (After School) $ $
Total $ $
Term Yr 10 Yr
Payment Plan Deferred

Assumptions common to both calculations

  • Assumes interest accrues in college
  • Assumes interest accrues during grace period
  • Assumes that the student is in college for 2 years + 6 month grace
  • Accrued interest capitalizes upon entering repayment

Assumptions with the Federal Loan Calculation

  • Assumes first disbursement is after July 1st 2019 and before September 30th
  • 6.08% Interest Rate for the First $20,500
  • 7.08% Interest Rate for anything above that
  • 1.062% Origination Fee for the First $20,500
  • 4.248% Origination Fee for anything above that

For the Laurel Road Calculation

  • Assumes FICO score between 740 and 760
  • Assumes auto-pay discount when applicable

Repayment Options and associated discounts

Based on the repayment option you select, the interest rate can be further reduced.


Make no payments while in school.


Pay $50 each month while you're in school.

Interest Only

Pay off the interest while you're in school.

Full Repayment

Start making principal and interest payments now.

Access the Negotiated Deal

Auto Pay Discount


Rate Reduction for Auto-Pay

Laurel Road will reduce the interest rate charged by 0.25% when you have payments due and are enrolled in auto-pay.

If you choose to defer all payments until you are out of school, you will not receive the auto-pay discount until after school.

If you choose any of the other repayments plans, you will receive the auto-pay discount once you have payments due and are enrolled in auto-pay.

Rates shown in the tables and ranges above include an auto-pay discount.

Features of the Negotiated Loan

0.40% rate reduction for LeverEdge Members
0.25% rate reduction for auto-pay
Lower rate options available based on repayment option
No application or origination fee
No early repayment penalty

Frequently Asked Questions

While you can save money with a private loan that offers lower interst rates and no origination fees, you should keep in mind that you maybe giving up flexible repayment plans like Income Based Repayment and programs like public service loan forgiveness. If you are confident that you do not need these features, then a private loan that is more affordable can make a ton of sense. We are not financial advisors. We recommend chatting with your financial aid office or a financial advisor.
Loans may be forgiven in the event of death or permanent disability. Terms and conditions apply.
There will be a six (6) month grace period which begins at the end of your In-school period. The grace period is triggered by the student either a. dropping below half-time attendance, b. withdrawing from the eligible institution, or c. graduating. The Repayment Term will begin within thirty (30) days of the end of the grace period. Borrowers who choose the Full Principal and Interest Plan are not eligible for a grace period.
Borrowers are eligible for a 0.25% interest rate discount in return for setting up automatic payments using Electronic Funds Transfer (EFT) directly from a bank account. This discount only applies during periods in which payments are required of the borrower. Borrowers will lose the Automatic Payment Discount if automatic monthly payments are no longer received from the designated bank account.
Make sure you go to Laurel Road directly from our website and use the same email address on Laurel Road that you use with LeverEdge.
Every borrower is different and Laurel Road makes rate offers accordingly. In general, those with higher credit scores will receive lower rate offers.

Eligibility Requirements

Based on the surveys of LeverEdge Members in the Fall 2019 Student Loan Negotiation Group, we believe that a vast majority of LeverEdge Members meet the eligibility criteria for Laurel Road Student Loans. If you find that you are not eligible, please send an email to Nikhil at and we will try our best to help you. For example, if your program is not listed as an eligible program, we may be able to help persuade Laurel Road to add it to the list of eligible programs.

  • You are a U.S. citizen or possess valid (non-conditional) Permanent Resident Card.
  • Your current enrollment status is at least half-time.
  • You are attending an There is a larger list of Medical, Dental, Engineering, Pharma and Nursing programs that are eligible for this deal that are not shown below.
    • JD Programs
    • Columbia University
    • Cornell University
    • Duke University
    • George Washington University
    • Georgetown University
    • Harvard University
    • New York University
    • Northwestern University
    • Stanford University
    • University of California Berkeley
    • University of Chicago
    • University of Michigan Ann Arbor
    • University of Pennsylvania
    • University of Virginia
    • Vanderbilt University
    • Yale University
    • MBA Programs
    • Arizona State University
    • Carnegie Mellon University
    • Columbia University
    • Cornell University
    • Dartmouth College
    • Duke University
    • Emory University
    • Georgetown University
    • Georgia Institute of Technology
    • Harvard University
    • Indiana University
    • Massachusetts Institute of Technology
    • New York University
    • Northwestern University
    • Rice University
    • Stanford University
    • University of California Berkeley
    • University of California Los Angeles
    • University of Chicago
    • University of Michigan Ann Arbor
    • University of Minnesota Twin Cities
    • University of North Carolina Chapel Hill
    • University of Pennsylvania
    • University of Southern California
    • University of Texas Austin
    • University of Virginia
    • University of Washington
    • Vanderbilt University
    • Washington University in St.Louis
    • Yale University
  • You have a minimum credit score of 700 or you have a minimum credit score of 660 and a co-signer with a 725+ credit score.
  • You meet KeyBank National Association underwriting criteria.