Updated: October 13, 2021

PA Forward Graduate Student Loan Review

Graduate Student Loan

Advertising disclosure
Graduate
Student Loan Rating
4 of 5
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.
3.73% - 6.69%
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.
Not Available
Repayment Terms
10 years, 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
  • Only two repayment terms: 10 and 15 years
PA Forward Earnest Ascent Student Loans
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.
Fixed:
3.73% - 6.69%
Variable:
Not Available
Fixed:
2.99% - 10.99%
Variable:
0.99% - 9.89%
Fixed:
3.21% - 12.99%
Variable:
1.51% - 10.83%
Loan repayment terms (Years) 10 years, 15 years Up to 15 years 7, 10, 12, 15 years
Cosigner release? Yes, after 48 months on-time payments None Yes, after 24 months on-time payments

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 two possible loan terms to choose from: 10 or 15 years, but note that students who are enrolled less than half-time are only eligible for the 10-year repayment term.

PA Forward - Private Student Loan Details

Interest Rates, Fees and Terms
  • Credit Check: Hard
  • Repayment Terms: 10 years, 15 years
  • Minimum Borrowing Limit: $1,500
  • Yearly Borrowing Limit: 100% of Cost of Attendance
  • Aggregate Borrowing Limit: $100,000
  • Application Fee: None
  • Origination Fee: None
  • Prepayment Penalty: None
  • Late Fee: None
Requirements to Qualify
  • Minimum Credit Score: 680
Repayment Options
  • Immediate Principal and Interest Repayment: Yes
  • Fixed Monthly Repayment: Yes, $25
Repayment Details
  • Length of Grace Period: 6 months
  • Cosigner Release Option: Yes, after 48 months on-time payments
  • Death Discharge: Yes
  • Disability Discharge: Yes
Customer Service
Extras
  • Financial Literacy Training: Yes
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