Archive

Archive

February 7, 2022

What is the repayment term?

The repayment term is 10 years.…

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February 25, 2021

Do you offer hardship forbearance?

Yes, many lenders on our platform offer forbearance for financial hardship. In the event you require hardship forbearance, reach out…

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February 25, 2021

Are there fees associated with my loan?

Yes, some lenders on our platform have late fees and insufficient fund fees. Please review your loan documentation during the…

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March 5, 2020

What if I need help making my monthly payments?

Your lender may offer forbearance for students facing financial hardship during the repayment period. In forbearance, no monthly payment is…

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March 5, 2020

Who will be servicing this loan?

LendKey will be the servicer of your loan. To reach our loan servicing department with any questions, you may call…

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March 5, 2020

What is the best way to reduce the overall cost of my loan?

If you apply for a student loan with a creditworthy cosigner, you may be eligible for a lower interest rate,…

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March 5, 2020

How do I get my auto-pay interest rate reduction?

You can receive a 0.25% interest rate reduction when you sign up to automate payments from your checking or savings…

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March 5, 2020

Are there penalties for paying off my loan early?

No, there are no prepayment penalties, and such payments will be applied in accordance with your loan agreement.…

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March 5, 2020

Do you charge any application fees?

No, there are no application fees or origination fees when applying for a LendKey Private Student Loan.…

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March 5, 2020

How will my interest rate be determined?

This is a credit-based loan, so the interest rate you receive will be determined based on a review of your…

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March 5, 2020

What is the difference between a fixed interest rate and variable interest rate?

A fixed interest rate is consistent and will never change, whereas a variable rate may increase or decrease monthly based…

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March 5, 2020

Which rate should I choose: Variable or Fixed?

The fixed interest rate will never change throughout the life of the loan. This may make it easier to plan…

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Want to learn more?

We help lenders grow, build customer relationships, and manage portfolios.

Want to learn more?

We help lenders grow, build customer relationships, and manage portfolios.