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Everence Private Student Loans

in Private Student Loans from Everence

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Everence Private Student Loans

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Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
Community Rating

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Loan Amount Starting at $2,000
Fixed APR N/A
Variable APR 4.68% - 8.34%

Everence Private Student Loans Review

Everence Private Student Loans is offered by Everence, a credit union founded in 1945 and based in Berne, IN. Everence Private Student Loans is available in 50 states (and Washington, DC).

Everence Private Student Loans FAQ

What rates does Everence Private Student Loans offer for in-school private student loan?

Everence Private Student Loans has a variable APR that ranges from 4.68% up to 8.34%.

Many students have little or no credit history when they start college. By having a parent or other creditworthy individual cosign the loan, the student may improve their chance of approval or qualify for lower interest rates.

How much can you borrow from Everence Private Student Loans?

Available loan amounts may vary by applicant but Everence Private Student Loans has a minimum loan amount of $2K

Does Everence Private Student Loans charge an origination fee?

No, Everence Private Student Loans does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Everence Private Student Loans charge prepayment fees?

Yes, Everence Private Student Loans charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What terms does Everence Private Student Loans offer?

Everence Private Student Loans provides repayment terms ranging from 5 to 20 years.

What type of borrowers will Everence Private Student Loans consider?

Everence Private Student Loans considers loans applications from:

  • undergraduate students
  • graduate students

What do you need to qualify for Everence Private Student Loans?

Applicants with a credit score of at least 650 and up to 850 may be eligible for Everence Private Student Loans.

To qualify for private student loans with Everence Private Student Loans, applicants need a minimum annual income of $15,000 or higher. Everence Private Student Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

U.S. citizens are, of course, eligible for the services offered by Everence Private Student Loans.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity
  • Proof of citizenship or residence permit
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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 6 days
No Origination Fee  
Cosigner Optional  
Credit Score Range 650 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Unemployed
Immigration Status Considered U.S. Citizen
Minimum Annual Income $15,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Proof of citizenship/residence (Green Card)
Funding Time Range 1 - 7 days
Good Student Rewards  
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
Loan Term 5 - 20 years
Up to Cost of Attendance  
Variable APR 4.68% - 8.34%
Loan Amount Starting at $2,000

Everence Private Student Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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