When scholarships, grants and federal loans are not enough to pay for college, a CampusDoor^® private student loan can help you fill the gap. With a CampusDoor private student loan, you can cover up to 100% of your Cost of Attendance and make no payments for up to 12 months after you graduate. ¹

Benefits and Advantages

• No payments are required while the student is enrolled at least half-time.
• Students have up to 12 months after graduation or up to six months after dropping below half-time enrollment¹ before they have to make a single payment.
• Our online application gets you a decision in less than a minute.
• A private student loan can be used for graduate and undergraduate education.
• Any loan fees are financed so borrowers have no out-of-pocket expenses. The interest on the loan may be tax-deductible.
• Repayment term of up to 25 years, ² depending on loan balance.

Eligibility

To be eligible for a CampusDoor private student loan, a student must meet the following criteria:

• Enrolled at least half-time at one of over 3,000 approved schools;
• At least 18 years of age (19 in Nebraska and Alabama, 21 in Puerto Rico and Mississippi);³
• A U.S. citizen or eligible non-citizen with Proof of Residency card (I-51 or I-551); and
• Acceptable credit history or an approved cosigner. We encourage all loan applicants to apply with a creditworthy cosigner to increase their chances of approval and of obtaining a lower interest rate and/or loan fee.

The CDsavings^SM Program

With the CDsavings^SM Program, you may be eligible for cosigner release and interest rate reductions for direct debit and for on-time payment of your private student loan.⁴ You can also prepay the loan penalty-free at any time. See our online loan application for details about the savings program.

You may qualify for federal student loans. We encourage prospective customers to exhaust federal student loan options before applying for a CampusDoor loan or other private student loan, as federal loans are often less expensive and offer the widest variety of repayment options.

All loans are subject to credit approval. Trade/Servicemarks are the property of CampusDoor, Inc. and/or its affiliates. Lender is Lehman Brothers Bank, FSB. Equal Opportunity Lender. © 2008 CampusDoor, Inc. All Rights Reserved. Cology is compensated for the referral of private loan customers to the Lender.

Our non-certified loan does not require school certification and the proceeds are disbursed in the form of a check mailed directly to the applicant with the stronger credit profile. Our certified student loan requires certification by the school’s financial aid office and the funds are disbursed directly to the school to be credited to the borrower’s account. The interest rates and loan fees associated with our non-certified loan are generally higher than the interest rates and loan fees associated with our certified student loan. Visit our online application for more information.

¹For our non-certified loan, repayment will begin no later than 60 months (5 years) after the loan is disbursed.

²The repayment period may be less than the 25-year maximum allowed depending on the borrower’s indebtedness at the beginning of his or her repayment period and the requirement that the borrower either satisfies a $50 minimum monthly payment amount (level schedule) or the terms of a graduated repayment schedule.

³Mississippi residents under the age of 21 may borrow with written consent from a parent or guardian.

⁴At all times the discount rates and cosigner release terms are subject to change. The on-time benefit must be earned. Cosigner release is contingent upon the borrower’s credit profile which will be reviewed by the Lender prior to release. Loan delinquency, default, or the use of forbearance may result in the revocation of all borrower benefits.