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See below for important disclosure information. By clicking "Apply Now" you will be directed to our partner website.

 

     

 

Overview

The TruFit Student Loan^® is a smart and affordable way to cover your remaining college expenses.

Fees	Zero fees.
Interest Rates	Now available!  Fixed rate option with rates between 6.75% - 12.75%. Variable interest rate as low as one-month LIBOR plus 3.00%.  Actual interest rate is based on credit, presence of a cosigner and repayment option chosen.1  Students are encouraged to apply with a qualified cosigner to increase chances of receiving the lowest rate possible.
Borrower Benefits	0.50% interest rate reduction for automating payments from any eligible Charter One account. Or, 0.25% interest rate reduction for automating payments from any eligible non-Citizens Bank account.
Borrowing Limits	The ability to finance up to the total cost of education minus financial aid received2.
Repayment Options	With the TruFit Student Loan®, students have the flexibility to choose the repayment plan that best meets their needs. Plus, there's no prepayment penalty. Immediate. Students can make payments while in school. Interest only. Students can make interest-only payments while in school, helping lower total loan debt. Deferred. Students can defer payment on our alternative student loan until 6 months after graduation, leaving school or when they drop below half-time status.
Disbursement	Typically, sent electronically directly to the school. If the school is not set up to receive electronic payments, a check co-payable to the student and school will be sent directly to the school.
Eligibility Requirements	Student must be enrolled at least half-time in a degree- granting program at an eligible institution.  Student must be a US citizen or permanent resident, or have a US citizen cosigner of legal borrowing age in their state of residence. Loan approval is based on credit. If students do not have sufficient credit to be approved on their own they are encouraged to apply with a qualified cosigner. International students can apply with a creditworthy US citizen or permanent resident cosigner. Students must be attending a TruFit eligible institution.
Cosigner Requirements	We strongly encourage students with little or no credit history to apply with a qualified cosigner to increase their chances of being approved. A qualified cosigner can also help the borrower secure a lower interest rate. Although a cosigner is not required, we strongly recommend applying with one. Cosigner release option available after 36 consecutive, on-time payments3.
Disclosure Information	Please note: due to federal regulations, Charter One is required to provide every potential borrower with disclosure information before they apply for a private loan. View the required application solicitation disclosure information below: Fixed Rate Variable Rate

By clicking "Apply Now" you will be directed to our partner website.

All accounts are subject to individual credit approval.

¹ Interest rates as low as one-month LIBOR plus 2.50% if students take advantage of the 0.50% interest rate reduction benefit for automating payment from any eligible Charter One account. Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of July 1, 2011 the one-month LIBOR rate is 0.19%. Fixed interest rate may vary from 6.75% - 12.25% APR based upon applicable terms and presence of a cosinger.  The fixed rate is on a ten (10) year repayment term.  Subject to additional terms and conditions and rates subject to change at any time.   Charter One reserves the right to modify interest rates and loan margins at any time without notice. Such changes will only apply to applications taken after the effective date of change.

² As determined by your school. Minimum borrowing amount is $1,000.  The TruFit dows have lifetime aggregate limits (including both federal and private loan debt) of: Undergraduate: $120,000; Graduate: $150,000; Business and Law: $175,000; and Medical: 225,000.

³ TruFit Student Loan^® borrowers may apply for cosigner release after making their first 36 consecutive payments on-time. Terms and conditions apply, as the student borrower must meet certain credit guidelines and eligibility when they apply for the cosigner release. International borrowers will be eligible to apply for cosigner release if they attain U.S. Citizen or Permanent resident status and meet credit and eligibility guidelines. For the purposes of keeping this benefit, on-time payments are defined as payments received within 15 days of the due date.

 

 

 

We reserve the right to modify or discontinue benefit programs at any time without notice. Any termination or modification of the program will not affect the terms of loans previously made. Specific terms and conditions may apply, please call us at 1-800-353-3357 if you have any questions.