0.4% Exclusive Rate Reduction
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:
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.
|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%+|
7, 15, and 20 year options also available
When comparing advertised rates, make sure to look at the same
- 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.
The information above was compiled from the following sources:
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.
Over the Life of the Loan
|Monthly (After School)||$||$|
Assumptions common to both calculations
Assumptions with the Federal Loan Calculation
For the Laurel Road Calculation
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.
Pay off the interest while you're in school.
Start making principal and interest payments now.
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.
|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|
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 firstname.lastname@example.org 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.
LeverEdge Association is not an advisor
LeverEdge Association's services are only administrative. LeverEdge Association does not endorse or recommend the products of any particular Lender. Except as otherwise provided for your state, LeverEdge Association is not an agent of you or any lender. You should rely on your own judgment in deciding which available loan product, terms and Lender best suit your personal financial requirements.
LeverEdge Association does not discriminate
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The agency that administers compliance with this law varies by lender depending on its lending authority, but may include the Federal Trade Commission, Equal Credit Opportunity, Consumer Response Center, Washington, DC 20580 or at 1-877-FTC-HELP (1-877-382-4357); TDD 1-866-653-4261; or at www.ftc.gov.
LeverEdge Association is not a creditor
LeverEdge Association DOES NOT take mortgage, student loan, or refinance loan applications, originate, service, make loans or credit decisions in connection with loans, nor does LeverEdge Association issue commitments or lock-in agreements. Any loan inquiry you submit is NOT an application for credit. Rather, it is an inquiry to receive conditional loan offers from Lenders. You may have to complete an application with a Lender before they will extend an unconditional offer.
How LeverEdge Association makes money
LeverEdge Association sometimes earns a sales commission or advertising fee when we share a product or service with you and you choose to use the same. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Please do your homework and let us know if you have any questions or concerns.
Other Disclosures (if any)* LeverEdge strives to keep its information accurate and up to date. This information may be different than the product details you see when you visit Lender's website. Product details provided on this website is solely a service and LeverEdge is not acting as an agent for Lender. Product details are subject to change. Please visit Lender's website for the most up to date and accurate product details.