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| Signature Student Loan for Comunity Colleges | Benefits • The Signature Student Loan has a high approval rate. • You can apply for the Signature Student Loan with a creditworthy cosigner if you have less-than-ideal credit or no credit at all.
Loan limits • Minimum amount: $500 • Maximum amount: $15,000 • Aggregate amount: $50,000
Interest rate Interest rates are changeable and based on the Prime rate. Fees There is no disbursement fee; repayment fees depend on your credit history and can range from 0%–3%.
Repayment You can repay during 15 years, with the option to extend terms (up to 30 years) for higher aggregate loan balances. There is no penalty for prepayment.
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