Updated: December 4, 2023

PA Forward Graduate Student Loan Review

Graduate Student Loan

Pricing disclosure
Graduate
Student Loan Rating
4 of 5
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Fixed APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time. Interest rates listed include an autopay discount if available.
4.84% - 9.20%
Variable APR i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time. Interest rates listed include an autopay discount if available.
Not Available
Repayment Terms
5, 10, 15 years
Important Information
The bottom line:

PA Forward Graduate Student Loans are a good option for students who are Pennsylvania residents or residents of surrounding states who are attending a PA school. There are no fees and PA Forward offers both an autopay and graduation interest rate discount. 

Pros

  • No application, origination, or late fees
  • Offers cosigner release

Cons

  • Residency restrictions
View full rankings of the best student loans for grad school
PA Forward Earnest College Ave
Rates from (APR) i x While Savingforcollege.com strives to keep the information up to date, the lender rates, terms and other information are subject to change at any time. Interest rates listed include an autopay discount if available.
Fixed:
4.84% - 9.20%
Variable:
Not Available
Fixed:
3.69% - 14.30%
Variable:
5.89% - 15.97%
Fixed:
3.87% - 14.49% 1
Variable:
5.59% - 14.49% 1
Loan repayment terms (Years) 5, 10, 15 years Up to 15 years 5, 8, 10, 15 years
Cosigner release? Yes, after 48 months on-time principal and interest payments None Yes, after 24 months on-time principal and interest payments
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PA Forward Graduate Student Loans are available only for PA residents attending a Title IV school, or residents of neighboring states who are attending a PA institutions. PA Forward student loans are offered by the Pennsylvania Higher Education Assistance Agency. Borrowers who meet the residency and credit qualifications will have a fixed interest rate that has a lower cap than most private lenders we review. Moreover, borrowers enrolled in autopay enjoy a 0.25% interest rate reduction, and a 0.50% rate reduction upon graduation.

Borrowers who apply with a cosigner can release the cosigner from responsibility after 48 months of consecutive on-time payments. PA Forward offers four different repayment plans for students in school depending on their needs. There are three possible loan terms to choose from: 5, 10 or 15 years.

PA Forward - Private Student Loan Details

Interest Rates, Fees and Terms
  • Credit Check: Hard
  • Repayment Terms: 5, 10, 15 years
  • Minimum Borrowing Limit: $1,500
  • Yearly Borrowing Limit: 100% of Cost of Attendance
  • Aggregate Borrowing Limit: $300,000
  • Application Fee: None
  • Origination Fee: None
  • Prepayment Penalty: None
  • Late Fee: None
Requirements to Qualify
  • Minimum Credit Score: 670
Repayment Options
  • Immediate Principal and Interest Repayment: Yes
  • Fixed Monthly Repayment: Yes, $25
  • Interest-Only Repayment: Yes
  • Full Deferment: Yes
Repayment Details
  • Length of Grace Period: 6 months
  • Cosigner Release Option: Yes, after 48 months on-time principal and interest payments
  • Death Discharge: Yes
  • Disability Discharge: Yes
Customer Service
  • US-Based Call Center: Yes
  • Hours of Operation (in addition to weekdays): No Evenings or Weekends
Extras
  • Financial Literacy Training: Yes
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