Lender Terms

About this information: 

The information provided on our platform is intended solely for comparison purposes. Please note that the approved lender(s) may or may not have a partnership with The Student Loan Calculator. While we strive to ensure the accuracy of the information presented, we cannot guarantee its completeness or correctness. Lender ratings are based on a subjective assessment of various dimensions of each lender’s offering. It is important to understand that lender information and ratings may change at any time and may not be up-to-date at the time of your application. We strongly recommend verifying the latest information before making any decisions or submitting an application.

Review all terms: 

When faced with multiple offers from lenders, it is crucial to approach the decision-making process with care and diligence. The Student Loan Calculator strongly recommends that you take the time to carefully review and analyze the terms and conditions presented by each lender. These terms, which are provided directly by the lenders, should be thoroughly assessed in light of your unique financial situation.

To ensure that you can make an informed decision, seeking advice from financial professionals or experts is highly encouraged. Their expertise can provide valuable insights and guidance tailored to your specific needs and goals. By seeking advice, you can gain a better understanding of the implications and potential consequences associated with each loan offer.

It is important to remember that accepting an offer from a lender ultimately rests solely on your discretion and responsibility. The Student Loan Calculator does not exert any influence or control over your decision-making process. You are responsible for carefully considering all relevant factors, including interest rates, repayment terms, and any associated fees or penalties.

By exercising due diligence and seeking advice, you can confidently navigate through the loan offers presented to you, ensuring that your decision aligns with your long-term financial objectives.

Our role: 

The Student Loan Calculator does not function as a lender or broker, and thus cannot guarantee your eligibility for a specific loan. The responsibility for credit decisions, loan approval, and determining the rates, terms, and associated costs rests solely with the lenders. These factors may vary depending on the lender you choose.

While our aim is to provide you with an extensive range of options, it’s important to note that there might be additional borrowing, consolidation, or refinancing alternatives available beyond those presented. We strive to offer users the broadest selection of choices to cater to their specific needs.

Please be aware that when a user selects a product from one of our partner lenders, we may receive transaction fees. Rest assured that there are no additional costs imposed on users who choose a loan from our partner lenders. For more detailed information on revenue arrangements, please refer to our Terms of Service and FAQs.


The Student Loan Calculator offers both variable-rate and fixed-rate loan options to accommodate different financial circumstances. For variable-rate loans, the interest rates are tied to the one-month London Interbank Offered Rate (LIBOR), which can fluctuate throughout the loan term. These rates are influenced by various factors, including applicable terms and the presence of a cosigner.

On the other hand, fixed interest rates are determined based on the applicable terms and the presence of a co-signer. These rates remain constant throughout the loan term, providing borrowers with the stability of predictable monthly payments.

It’s important to note that the lowest interest rates displayed are typically offered to eligible applicants and may require a 5-year repayment term. However, each borrower’s individual circumstances and qualifications may impact the interest rate offered by the lenders.

Furthermore, it’s essential to understand that interest rates are subject to change at any time without prior notice. Any changes in rates will only apply to loan applications submitted after the effective date of the change. Therefore, it’s advisable to review the most up-to-date interest rates when considering loan options.

Federal regulations require lenders to provide disclosure information to potential borrowers before they apply for a loan. As part of the application process, you will be presented with an Application Disclosure and an Approval Disclosure, which contain detailed information about the terms and conditions of your loan. These disclosures ensure transparency and enable you to make an informed decision based on your unique financial circumstances.

It is recommended to carefully review the disclosure documents and seek further clarification if needed. This will help you understand the specific terms, interest rates, repayment options, and any other relevant details before accepting the loan offer. The Student Loan Calculator strives to provide a transparent and comprehensive borrowing experience, empowering you to make confident financial decisions.