3Rivers Rates & Loans
Student Lending Options
Teens and twenty-somethings who are busy gathering a wealth of knowledge in the classroom are also often in a season of learning about their own finances for the first time. From budgeting and saving to student loans and more, managing money on top of being a student can feel overwhelming. We’re here to help you (and your parents) make sense of your options and navigate your financial journey during this chapter of your life.
Student Loans
| Type | Term | Loan Amount | Rate (As Low As) | APR |
|---|---|---|---|---|
| Private Student Loan - Variable | 60 month draw period, 15 year (180 month repayment term) |
$1,000 - $60,000 |
6.74%(1)(2) | |
| Private Student Loan - Fixed | 60 month draw period, 10 year (120 month repayment term) |
$1,000 - $40,000 | 5.99% | |
| Student Loan Refinance (Federal & Private) | 12 - 60 months | Minimum $5,000(3) | 7.54% | 8.37%(4) |
| Student Loan Refinance (Federal & Private) | 61 - 120 months | Minimum $10,000(3) | 8.04% | 8.27%(4) |
| Student Loan Refinance (Federal & Private) | 121 - 180 months | Minimum $15,000(3) | 8.54% | 8.65%(4) |
Apply for New Loan Refi Existing Loan
(1) Variable Rate- Interest-Only Draw Period - Your account will be subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the last calendar day of each month of each year ("Index") plus ("Margin"). The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the 1st day of each month that immediately follows a change in the Index. Increases and decreases in the Interest Rate will result in like increases or decreases in the Finance Charge and may affect the amount of Your interest-only payments during the draw period and amount of Your amortized payments during the Repayment Period. Your Annual Percentage Rate will never be greater than eighteen percent (18.00%), and will apply to the remaining principal balance.
(2) Variable Rate - Deferred Payment- Your Account will be subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the last calendar day of each month of each year ("Index") plus ("Margin"). The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the 1st day of each month that immediately follows a change in the Index. Increases or decreases in the Interest Rate will result in like increases or decreases in the Finance Charge and will affect the amount of interest that accrues on Your Account during the Draw Period, which will affect the amount of Your initial amortized payment during the Repayment Period. Interest rate changes that occur during the Repayment Period may also affect the amount of Your regularly scheduled payment during the Repayment Period. Your Annual Percentage Rate will never be greater than eighteen percent (18.00%), and will apply to the remaining principal balance
(3) Total loan amount considered will be subject to a $100,000 unsecured aggregate limit (excludes credit cards).
(4) APR shown is calculated using the 'as low as' rate, the maximum term, the minimum amount, and a $99 loan processing fee. Your rate is fixed at the time of loan origination and will be determined based on your Loan Term & FICO score/data obtained from your credit file. No Early Payoff Penalties.
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