As you may know, loans have a set of “terms” that define the loan. Here’s the info on the Sixup loan:
- Interest Rates: 4.49%-9.49%. We have variable and fixed rates.
- Origination Fee: 1% (there is a fee of 1% of your total loan to cover costs. That means, if you accept a $5,000 loan, there is a $50 fee)
- Repayment timeline: 10 year repayment plan, beginning 6 months after graduation.
- Loan Amounts: Minimum loan of $2,500, maximum of $15,000 per academic year.