Apply for a Graduate Loan
We have launched a new graduate loan program for students pursuing advanced degrees at select schools.Our Graduate Loan Program
Our program is available to students enrolled at least half time in an eligible institution and offers flexible financing options to help more students access funding, including those without strong credit.
Graduate Loan Benefits
No origination fee
No prepayment penalty
Optional 0.25% discount for automatic debit1
Optional cosigner with optional release2
Choice of four repayment term options (7, 10, 15, and 20 years)
Immediate, interest-only, and reduced repayment options
Fixed rates between 3.489% – 11.739% APR 3
By clicking to check your rate, you will leave Granite Edvance’s website and enter the website of our trusted third-party service provider. Checking your rate on Sparrow will not affect your credit score and only takes 3 minutes.
Disclosures
Repayment Overview
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Repayment Terms
7, 10, 15, and 20 year repayment term options
In-School Repayment Options
During school + six months after
Option 1: $25 fixed monthly payment
Option 2: Interest-only payment
Option 3: Immediate principal + interest payment
Post-Graduation Repayment
For six months after graduation or leaving their program, borrowers continue to make their chosen in-school repayment option
Then, borrowers move into full principal + interest repayment
Optional
Eligible borrowers may request $50/month repayment option for up to 36 months*
Typically used by medical or dental residency candidates or law school candidates studying for a bar exam.
Borrowers must contact the servicing team within 9 months of graduation or discontinuation of studies to request this option.
*Please note: extension of the 36-month reduced payment period may be granted upon request with approved documentation of a longer-term residency program.
Considering a cosigner?
If you need a graduate loan but don’t have a strong credit history, you may want to consider a cosigner.
- Cosigners on student loans are very common because students usually have limited credit history and may have lower income. However, students are also welcome to apply without one.
- A cosigner with a strong credit history may actually save you money over the life of the loan. With a cosigner, you may qualify for a lower interest rate than you’d get on your own. It’s best to explore all options and make the best decision for your circumstances.
- Your cosigner needs to understand that they will be equally responsible for your student loan.
- As you make on-time payments on the loan and your credit history improves, you may be able to remove the cosigner through our cosigner release option.2
Who We Are
Granite Edvance is a nonprofit that helps students throughout the U.S. reach their education and career goals. We offer helpful funding solutions, including the Granite Edvance and EdvestinU private student loans. Since 1962, we have originated more than $1 billion in education loans, partnering with schools and financial institutions to support students and families nationwide.
With deep roots in New Hampshire, we help NH students of all ages and backgrounds find their pathway and fund their future. We also partner with the parents, caregivers, educators, and community organizations who support them.
We believe everyone should be able to reach their education and career goals. And when students succeed, our communities and our workforce grow stronger, too.
Strategic Partnerships
Granite Edvance Corporation has established strategic partnerships to provide you with an optimal borrowing experience. Granite Edvance works with the following partners to support you: Campus Door to originate your loan through the Sparrow online loan application process and Bank of Lake Mills to fund your loan products.
Disclosures