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Ardent College Private Loan
With educational expenses outpacing the availability of federal loans, private loans are becoming necessary as families seek additional options to pay for college. Private loans can bridge the funding gap, but you should always maximize your federal loan options before you consider private loans.
Students and/or parents can use private loans if they do not qualify for federal
student loans or need additional funds beyond those available through financial
aid and federal loans. Private loans are becoming a necessity for more and more families
and allow students to attend the college of their choice and afford other important
school-related expenses such as:
- Tuition
- Books
- Computer
- Moving costs
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- Lab Fees
- Living Expenses
- Outstanding Student Loans
- Study Abroad
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ELIGIBILITY |
- U.S. Citizens or Permanent Residents of
states
where Ardent does business; an eligible cosigner may be a U.S. Citizen or Permanent Resident of any state
- Students enrolled at least half-time attending a qualified college or university.
- May apply on your own; however, adding a qualified cosigner significantly improves your ability to qualify for this loan and receive a better offer
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BENEFITS & FEATURES |
- Easy application and quick decision
- Check can be delivered in as little as 48 hours once the loan is closed
- 0.25% interest rate reduction for auto-debit payments
- Cosigner Release After 48 Consecutive On-time Payments1
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LOAN LIMITS |
- Minimum: $5,001 for states where Ardent does business
- Annual: Cost of college education minus other financial aid received
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INTEREST RATE |
- Variable interest rates based on the Prime Rate (as published in the Wall Street Journal on the third Monday of the previous month)
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FEES |
- No application fees
- No repayment fees
- No pre-payment fees
- No default guaranty fees
- Origination fee from 0-6% (state specific restrictions may apply)
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REPAYMENT TERMS |
- Ability to defer principal and interest payments up to 12 months if you qualify
- Flexible repayment terms
- Repayment terms up to 10 years depending on loan balance (which can be extended through Ardent Private Consolidation Loan upon entering repayment)
- $50 minimum monthly payment
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BORROWER CREDIT CRITERIA |
- Creditworthy borrower and/or creditworthy cosigner
- No defaulted student loans or other major derogatory credit
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CONTACT US |
- Private Loan FAQs
- Toll-free
1 (800) 675-1985
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10:00 a.m. - 2:00 p.m. Monday through Friday (Eastern). You can also call anytime outside of business hours, leave us a message, and we'll get back to you promptly the next business day
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Benefits of a Cosigner
Many college students, because they haven't established credit yet, can save thousands
of dollars by applying with a cosigner. The cosigner's good credit history will
likely positively affect the fees and the interest rate you receive on both private
and Ardent Private Consolidation Loans.
Parents, grandparents, or legal guardians typically have more established credit histories that can help lower your interest rate, which usually results in a lower monthly repayment amount. It is important to know that if you apply with a cosigner, both you and your cosigner will be equally liable for repaying the loan.
We are temporarily not accepting applications for private student loans. Please check back with us soon for our newly designed products to meet your education finance needs.
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