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Private Educational Loans

Graduate faster. Pay less each month.

Securing a private education loan can help you reduce the effective monthly cost to complete your degree. Private loans are offered by private lenders. AOEU does not participate in any federal student aid or federal student loan program and does not endorse any particular lender.

Be discerning. Not all lenders are the same.

When taking on debt, here are a few things you should keep in mind as you consider your options:

  • Revisit trusted lenders you’ve worked within the past.
  • Consult family and friends about lenders they’ve used and recommend.
  • Look for private loans with low fixed interest rates.
  • Ask the lender about interest deferral while you are in school.
  • Ask the lender about loan forgiveness in the event of death or permanent disability.
  • Research consumer complaints against the lender from the Better Business Bureau.

Climb Credit

While AOEU does not endorse any particular lender, many AOEU students have had success securing loans through Climb Credit.

Pathway Payments Loan

(Students pay back what they borrow over 24 months.)
  • Rate type: This is a 0% APR loan. There is no interest or fees for the student, and it will not vary during the term of the loan.
  • Grace period: Students make monthly payments starting one month after the loan is funded. Therefore, there is no payment grace period.
  • Fees required: There is no origination fee. Students will receive a late charge of $15 or 5% of the past due payment, whichever is less. There is a $20 insufficient funds charge for each payment returned or unpaid.

Private Educational Loan

(Students pay back what they borrow, plus interest and fees, over 48-60 months.)
  • Rate type: The interest rate is fixed. This means that once the rate is determined, it will not vary during the term of the loan. Interest rates differ depending on the applicant.
  • Grace period: Students pay the principal and interest payment starting one month after the loan is funded. Therefore, there is no payment grace period.
  • Fees required: The origination fee is 5% of the financed amount. Students will receive a late charge of $15 or 5% of the past due payment, whichever is less. There is a $20 insufficient funds charge for each payment returned or unpaid.
*The interest rate may be higher or lower than the annual percentage rate (APR) because the APR considers certain fees to obtain this loan and the interest rate.

For more information about Climb, reach out to their dedicated Student Success team. Visit Climb Credit and read AOEU’s Code of Conduct.

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