TruFit Student LoanTM
Charter One has a solution to manage college costs - the TruFit Student Loan. This private loan program picks up where grants, scholarships, and federal loans leave off, giving students a smart and affordable way to cover remaining expenses.
Key Features and Benefits Put Students in Control:
- Competitive rates including an additional 0.50% interest rate reduction for automating payments from any eligible Charter One account
- Flexible repayment options, including the ability to defer payment until after graduation.
- The ability to finance up to the cost of education.1
- Easy qualification2 with minimal income requirements.
- Fast, easy application process.
- Co-signer release option available after initial 36 consecutive, on-time payments.3
Rates and Fees to Fit a Student's Budget:
- Interest rates as low as one-month LIBOR plus 3.00%4
- Students are encouraged to apply with a qualified co-signer to increase chances of receiving lowest rate possible.
- Fees range from 0 - 5.00%.
Flexible Repayment Terms:
With TruFit, students have the flexibility to choose the repayment plan that best meets their needs.
- Immediate. Students can make payments while in school.
- Interest-only. Students can make interest-only payments while in school, helping lower total loan debt.
- Deferred. Students can defer payment until 6 months after graduation or when they drop below half-time status.
Plus, there's no prepayment penalty.
Convenient Disbursement:
Loan proceeds are sent directly to the school.
It's easy to apply.
Before you apply make sure you have the following items available so you can easily complete your application:
- Name
- Address
- Phone Number
- Email Address
- Date of Birth
- Social Security Number
- Driver's License Number
- Gross Monthly Household Income
- Employer Name, Phone Number and Length of Employment (if applicable)
- Monthly Rent or Mortgage Payment (if applicable)
- Name of School You Plan to Attend
- School's DOE Code
- Anticipated Graduation Date (MM/YYYY)
- Loan Amount Requested (MM/YYYY to MM/YYYY)
- Loan Period
- Co-signer Name and Valid Email Address (if applicable)
Remember, students are encouraged to apply with a qualified co-signer to increase their chances of receiving the lowest rate possible.
Student Banking Options
To take advantage of the 0.50% interest rate reduction on your TruFit Student Loan you will need to sign up for automatic payments from any eligible Charter One account. To learn more or apply for our student checking account visit our Student Banking Page.
Already have a Charter One account?
If you already have an eligible Charter One account and want to sign up for automatic payments to take advantage of our 0.50% interest rate reduction on your TruFit Student Loan, simply fill out the KwikPay form.
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