RHODE ISLAND FAMILY EDUCATION LOAN
Premier fixed rate alternative/private loan
as low as 7.76% fixed interest rate loan*

ELIGIBILITY:Rhode Island residents attending an eligible in or out of state school and for non-Rhode Island residents who attend an eligible Rhode Island school.
• Student is primary borrower - Co-signer is required unless student is independent and creditworthy
• Generous loan limits - Minimum $1,500 to $35,000 maximum per year.
• Co-signer release option. Co-signer may be released after 24 initial and consecutive on-time payments, if student borrower meets underwriting criteria.
• No up front fees - A 4% fee is added at repayment.
• Interest is capitalized at repayment - does not get capitalized during school or grace.
• Apply online. Instant credit pre-approval.
• 15-year repayment .
• Two Repayment Options Available.

IMMEDIATE REPAYMENT - 7.76%
Repayment begins within 45 days of last disbursement.
DEFERRED REPAYMENT - 8.49%
Repayment begins 6 months after student leaves school (maximum of 54 months)

1.The Annual Percentage Rate (APR) reflects the accruing interest, the effect of capitalized interest, the repayment fee, and making equal payments over the term of the loan. IMMEDIATE REPAYMENT APR EXAMPLE: APR is calculated assuming equal disbursements of $5,000 in September and January. Loan enters repayment 45 days after final disbursement at which time outstanding interest is capitalized and 4% repayment fee is added and a 180 month repayment term begins. DEFERRED REPAYMENT APR EXAMPLE: APR is calculated assuming equal disbursements of $5,000 in September and January. Thirty-nine months pass (33 months in-school and 6 months of grace) before a 4% repayment fee is added and a 180 month repayment term begins. APR will vary depending on the length of deferral. Minimum monthly payment is $50.
2. The DEFERRED REPAYMENT option is subject to fund availability and is awarded on a first-come, first-served basis. Deferred loans carry a higher interest rate that results in an increased cost of borrowing.

*Rhode Island Student Loan Authority, the lender for the Rhode Island Family Education Loan, may withdraw this interest rate offer at any time.
Before applying for private loans, consumers should fully explore their eligibility for federal financial assistance, including federal loans. The terms of federal loans may be more favorable than private loans.