Loans Taken by Students:
Based on the information you provided, below are loan options available to you for
this year only. If applying for a TruFit Student Loan
and have limited or no credit history, consider a cosigner for a better interest
rate. Please note: monthly payments and total amounts are estimates and will vary.
Loans Taken by Students:
Based on the information you provided, below are loan options available to you for
this year only. If applying for a TruFit Student Loan and have limited or no credit
history, consider a cosigner for a better interest rate. Please note: monthly payments
and total amounts are estimates and will vary.
Loans Taken by Students:
Based on the information you provided, below are loan options available to your
child for this year only. If your child is applying for a TruFit Student Loan and
has limited or no credit history, consider a cosigner for a better interest rate.
Please note: monthly payments and total amounts are estimates and will vary.
Loans Taken by Students:
Based on the information you provided, below are loan options available to you for
this year only. Taking out a Grad PLUS loan or taking out a TruFit Student Loan
can pay for your entire cost of education minus any financial aid.. Please note:
monthly payments and total amounts are estimates and will vary.
Loans Taken by Students:
Based on the information you provided, below are loan options available to your
child for this year only. Taking out a Grad PLUS loan or taking out a TruFit Student
Loan can pay for your child’s entire cost of education minus any financial aid..
Please note: monthly payments and total amounts are estimates and will vary.
Federal Loans1
Loans Taken by Parents:
Based on the information you provided, below are loan options available to parents of undergraduate students for this year only. Taking out a Parent PLUS loan or serving as cosigner on your child’s TruFit Student Loan can pay for their entire cost of education minus any financial aid. Please note: monthly payments and total amounts are estimates and will vary.
1 Federal Direct Stafford Loan eligibility is estimated for the current academic year only and is based on your indicated year in school and your indicated eligibility for a subsidized Stafford Loan. It does not take into account prior Stafford Loans you may have already borrowed. Lifetime or aggregate borrowing limitations may reduce your eligibility for additional Stafford Loans. Calculations are estimates only and based on the selections made.
2 Calculations shown assume two equal disbursements. A 6 month grace period from the time of separation from the school, a standard repayment account, and the borrower remaining in school through the expected graduation date. Terms and conditions apply. Calculations are estimates only and based on the selections made. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information.
3 Borrowers can take advantage of a 0.50% interest rate reduction for automating payments from any eligible Citizens Bank account. Alternatively, borrowers may receive a 0.25% interest rate reduction for automating payments from any non-Citizens Bank account. Borrowers must reside in the following states in order to open an eligible Citizens Bank account: CT, DE, MA, NH, NJ, NY, OH, IL, MI, PA, RI, VT.
4Variable interest rate is based on the 1-month London Interbank Offered Rate ("LIBOR") published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of April 1, 2013, the one-month LIBOR rate is 0.20%.
5This repayment option requires interest-only payments during the in-school and grace periods, in addition to the indicated monthly payments over the repayment term. The interest-only payment amount will vary depending on the interest rate on your loan, and the outstanding principal balance each period. The total cost of the loan indicated above includes such interest-only payments for the scenario shown.
Citizens Bank reserves the right to modify interest rates and loan margins at any time without notice. Such changes will only apply to applications taken after the effective date of change.
TruFit Student Loan: Subject to terms and conditions. 1) Student must be enrolled at least half time in a degree-granting program at an eligible institution. You must be a U.S. citizen or permanent resident or an international student with a creditworthy U.S. citizen co-signer. If you have not attained the age of majority in your state of residence, a co-signer will be required. 2) As determined by your school. Minimum borrowing amount is $1,000. The TruFit Student Loan does have lifetime aggregate limits (including both federal and private loan debt) of: Undergraduate: $120,000; Graduate: $150,000; Business and Law: $175,000; and Medical: $225,000.