Finance their dream school with a lender you trust. Don't let the rising costs of higher education get you down. Shape your child's future with the help of a Quorum Student Loan. Whether you need to cover smaller expenses like books and meals, or several thousand dollars to assist with tuition costs, we're here to help. Our partnership with CU Student Choice helps students fill the gap between the cost of attendance and traditional financial aid. With our student loan program, no payments are required while the student is enrolled at least half-time. Other benefits include a 6-month grace period after graduation and no penalty for prepayment. For questions or additional information about our student loan program or to apply online, visit our partner website here. Undergraduate Private Loans Loan Minimum: | $1,000 | Loan Maximum: | The Total Cost of Education for your school minus other financial aid, up to an aggregate lifetime maximum of $75,000 | Interest Rate: | Variable based on Prime Rate | Grace Period: | 6 months after graduation | Co-borrower Required: | No, but it is highly recommended as it may help improve your chances of being approved, and help you qualify for a lower rate. |
Additional Program Features
One-time application with ability to draw funds from this line-of-credit multiple times over the course of your college career
Cosigners may be eligible to be released from loan
Borrowers may receive a .25% discount on interest rate for choosing an automated payment option during the repayment period
Flexible repayment options
No origination fees or prepayment penalties
Borrowers can apply online 24/7, or by phone You may qualify for federal student loans. We encourage prospective members to exhaust federal student loan options before applying for a private student loan as federal loans are often less expensive and offer the widest variety of repayment options.
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