LendKey offers private student loans for undergraduate students, private student loans for graduate and professional students (such as private student loans for medical school, business school, law school and dental students), and private parent loans. LendKey will also refinance student loans. 

 

Key Things to Know about LendKey

  • Get a 0.25 percentage point interest rate reduction when you sign up for automatic payments deducted from your checking or savings account.
  • If you refinance your student loans and are happy with the process, you can refer a friend or family member for cash. Earn $200 for every person you refer that takes out a loan, no limit.
  • LendKey offers an opportunity to put loans in forbearance if you are facing an economic hardship.
  • A cosigner can be released from a student loan after the borrower meets certain requirement. 
 

Private Student Loans

LendKey offers private student loans not only for bachelor’s or graduate degrees, but also for associate’s degrees or a certificate at a degree-granting school as well as parent loans. There is no application fee.

Loan Amount: Borrow from $1,000 to the total cost of attendance.

Loan Term: 5 to 15 years

In-School Payment Options: You can defer your repayment while you are enrolled at least half time in school. You can also choose to pay a $25 per month fixed payment or interest-only payments.

Cosigners: You can apply to release your cosigner from your loan after you graduate, make 12 on-time principal and interest payments and meet certain credit requirements.

Parent Loans

Loan Term: 10 years

Loan Amount: Borrow from $1,000 to the total cost of attendance.

In-School Payment Options: You can choose to pay interest-only payments or full principal and interest payments.




Check out options for graduate school loans, including:

Graduate School Loan

Loan Amount: $1,000 up to total cost of attendance.

In-School Payment Options: Deferred repayment, $25 fixed payments or interest-only payments

Loan Term: 15 years

MBA Loan

Loan Amount: $1,000 up to total cost of attendance.

In-School Payment Options: Deferred repayment, $25 fixed payments or interest-only payments

Loan Term: 15 years

Medical School Loan

Loan Amount: $1,000 up to total cost of attendance.

In-School Payment Options: Deferred repayment, $25 fixed payments or interest-only payments

Loan Term: 20 years

Note: There is also a Medical Residency and Relocation Loan intended to cover expenses associated with taking board exams, traveling to interviews and moving for your residency.

Dental School Loan

Loan Amount: $1,000 up to total cost of attendance.

In-School Payment Options: Deferred repayment, $25 fixed payments or interest-only payments

Loan Term: 20 years

Note: There is also a Dental Residency and Relocation Loan intended to cover expenses associated with taking board exams, traveling to interviews and moving for your residency.

Graduate School for Health Professionals (pharmacy, nursing, allied health or other graduate-level health degrees)

Loan Amount: $1,000 up to total cost of attendance.

In-School Payment Options: Deferred repayment, $25 fixed payments or interest-only payments

Loan Term: 15 years

Law School Loan

Loan Amount: $1,000 up to total cost of attendance.

In-School Payment Options: Deferred repayment, $25 fixed payments or interest-only payments

Loan Term: 15 years

Note: There is also a loan available for expenses not intended to cover school expenses, but that are associated with fees and living costs while studying for the Bar Exam.

Refinancing Student Loans

You can refinance student loans to potentially get a lower interest rate. There are no origination fees for refinancing a student loan with LendKey.

You must have completed an associate, undergraduate, graduate or doctoral degree from an eligible school to qualify for refinancing.

Loan Terms: 5, 7, 10, 15 or 20 years.

Loan Amount: The minimum student loan amount to refinance is $5,000. The maximum student loan amount to refinance is $125,000 for undergraduate degrees, $250,000 for graduate degrees and $300,000 for medical and dental degrees.

Keep in mind that refinancing federal student loans means a loss in many benefits that only federal loans offer. These include an option for potential loan forgiveness, income-driven repayment plans, generous deferment options if you become unemployed or have an economic hardship, and an option to discharge loans for death or disability.

Still deciding which lender is right for you? Learn about other options for private student loans and for refinancing student loans.

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