INvestEd Parent Loan
Fixed Rate Application and Solicitation Disclosure

Loan Interest Rate & Fees
INvestEd
11595 N. Meridian St.
Carmel, IN 46032
(717) 254-2384

Your interest rate will be between

5.990%
and
9.420%

After the rate is set, your rate will be fixed.

Your Interest Rate (upon approval)
The interest rate you will pay will be determined after you apply. The rate will be established based on your credit history, your cosigner’s credit history, if applicable, and your selected repayment term. If approved, we will notify you of the rate you qualify for within the stated range.

Your Interest Rate during the life of the loan
Your rate is fixed and will remain fixed for the life of the loan. This means that once your rate is determined, the rate will not change. For more information on this rate, see Reference Notes.

The rate will be fixed for the life of the loan.

Loan Fees


Origination Fee: 0.000%  
Late Charges:
 5.000% of the past due amount or $10.00, whichever is less. 
Collection and Default Charges:  In the event of a default, the borrower may incur additional collection charges as permitted under applicable law.

Loan Cost Examples

Payments of principal and interest are due following the disbursement of loan proceeds.

Repayment Option
Amount Provided
(amount provided directly to your lender(s) on your behalf)
Interest Rate
(highest possible rate)
Loan Term
(how long you have to pay off the loan)
Total Paid
over entire loan term (includes associated fees)
MAKE FULL PAYMENTS
Make principal and interest payments.
$10,000.00 9.420% 180 months

starting after the final disbursement
$18,927.00

About this example
The loan cost example is based on the highest interest rate currently charged and the loan term shown above, and assumes the timely receipt of your payments. The actual loan cost will vary depending on the terms of credit for which you are approved.


SEE BACK OF PAGE


Page 2 of 4


Federal Loan Alternatives

Loan Program Current Interest Rates by Program Type
PERKINS
for Students
Program not currently available
STAFFORD
for Students
4.990% Fixed Undergraduate Subsidized & Unsubsidized
6.540% Fixed Graduate
PLUS
for Parents and Graduate/ Professional Students
7.540% Fixed
You may qualify for Federal
education loans.
For additional information, contact the school's financial aid office or the Department of Education at:
https://studentaid.ed.gov
Next Steps

  1. Find Out About Other Loan Options.
    Some schools have school-specific student loan benefits and terms not detailed on this form. Contact the school's financial aid office or visit the Department of Education's website at: https://studentaid.ed.gov for more information about other loans.

  2. To Apply for this Loan, Complete the Application and the Self-Certification Form.
    You may get the certification form from the school's financial aid office. If you are approved for this loan, the loan terms will be available for 30 days (terms will not change during this period, except as permitted by law. The interest rate on this loan is fixed and will not change.).
REFERENCE NOTES
Fixed Interest Rate
  • This loan has a fixed interest rate.
Eligibility Criteria
  • Borrower and cosigner, if applicable, must be US citizens or permanent resident aliens.
  • Borrower must be at least the age of majority in his or her state of residence or be at least 18 years old and apply with a creditworthy cosigner who is the age of majority.
  • Student must be enrolled at least half time and in an eligible program.
  • Both borrower and cosigner, if applicable, are subject to credit approval. Additional documentation may be required.
  • The borrower on an individual application and the cosigner on a joint application must have an employment history of at least two years.
Bankruptcy Limitations
  • If you file for bankruptcy you may still be required to pay back this loan.
More information about loan eligibility and repayment deferral or forbearance options is available in your loan application and loan agreement.

Page 3 of 4

INvestEd Parent Loan
Variable Rate Application and Solicitation Disclosure

Loan Interest Rate & Fees
INvestEd
11595 N. Meridian St.
Carmel, IN 46032
(717) 254-2384

Your starting interest rate will be between

3.168%
and
6.578%

After the starting rate is set, your rate will then vary with the market.

Your Starting Interest Rate (upon approval)
The starting interest rate you will pay will be determined after you apply. The rate will be established based on your credit history, your cosigner’s credit history, if applicable, and your selected repayment term. If approved, we will notify you of the rate you qualify for within the stated range.

Your Interest Rate during the life of the loan
Your rate is variable. This means that your actual rate varies with the market and could be lower or higher than the rate on this form. The variable rate is basd on the three-month forward-term version of the 90-day average Secured Overnight Financing Rate (SOFR). For more information on this rate, see Reference Notes.

Although the rate will vary after you are approved, it will never exceed 21.000% (the maximum allowable for this loan).

Loan Fees


Origination Fee: 0.000%  
Late Charges:
 5.000% of the past due amount or $10.00, whichever is less. 
Collection and Default Charges: 
In the event of a default, the borrower may incur additional collection charges as permitted under applicable law.

Loan Cost Examples

Payments of principal and interest are due following the disbursement of loan proceeds.

Repayment Option
Amount Provided
(amount provided directly to your lender(s) on your behalf)
Interest Rate
(highest possible rate)
Loan Term
(how long you have to pay off the loan)
Total Paid
over entire loan term (includes associated fees)
MAKE FULL PAYMENTS
Make principal and interest payments.
$10,000.00 6.578% 180 months

starting after the final disbursement
$15,885.00

About this example
The loan cost example is based on the highest interest rate currently charged and the loan term shown above, and assumes the timely receipt of your payments. The actual loan cost will vary depending on the terms of credit for which you are approved.


SEE BACK OF PAGE


Page 4 of 4


Federal Loan Alternatives

Loan Program Current Interest Rates by Program Type
PERKINS
for Students
Program not currently available
STAFFORD
for Students
4.990% Fixed Undergraduate Subsidized & Unsubsidized
6.540% Fixed Graduate
PLUS
for Parents and Graduate/ Professional Students
7.540% Fixed
You may qualify for Federal
education loans.
For additional information, contact the school's financial aid office or the Department of Education at:
https://studentaid.ed.gov
Next Steps

  1. Find Out About Other Loan Options.
    Some schools have school-specific student loan benefits and terms not detailed on this form. Contact the school's financial aid office or visit the Department of Education's website at: https://studentaid.ed.gov for more information about other loans.

  2. To Apply for this Loan, Complete the Application and the Self-Certification Form.
    You may get the certification form from the school's financial aid office. If you are approved for this loan, the loan terms will be available for 30 days (terms will not change during this period, except as permitted by law and the variable interest rate may change based on the market).
REFERENCE NOTES
Variable Interest Rate
  • The variable interest rate is based on the three-month forward-term version of the 90-day average Secured Overnight Financing Rate (SOFR), plus a margin of  2.640% to 6.050% based on creditworthiness and repayment term selected, and is adjusted quarterly.
  • The rate will not increase more than once a quarter, but there is no limit on the amount that the rate could increase at one time. Your rate will never exceed 21%.
Eligibility Criteria
  • Borrower and cosigner, if applicable, must be US citizens or permanent resident aliens.
  • Borrower must be at least the age of majority in his or her state of residence or be at least 18 years old and apply with a creditworthy cosigner who is the age of majority.
  • Student must be enrolled at least half time and in an eligible program.
  • Both borrower and cosigner, if applicable, are subject to credit approval. Additional documentation may be required.
  • The borrower on an individual application and the cosigner on a joint application must have an employment history of at least two years.
Bankruptcy Limitations
  • If you file for bankruptcy you may still be required to pay back this loan.
More information about loan eligibility and repayment deferral or forbearance options is available in your loan application and loan agreement.












Notice for students attending an institute of higher education in Virginia

Private education loans are one tool that students use to finance their education. Your lender and your institution's Financial Aid Office provide assistance with eligibility for the loans. For borrowers who have existing private education loans, Virginia has a Student Loan Advocate to assist borrowers who are struggling with repayment. You can contact the Student Loan Advocate at: State Council of Higher Education for Virginia, James Monroe Building, 10th Floor, 101 N. 14th Street, Richmond, VA 23219; studentloan@schev.edu; 804-786-2832. In addition, resources for prospective and current private education loan borrowers are available online at schev.edu/privateloan.