Student credit history
Co-signer credit history
One-Month LIBOR rates1
The long-term difference
While you cannot affect the LIBOR rate on which Astrive Student Loans are based, you can get the most for your money by having an excellent personal credit history, a co-signer with strong credit, and by choosing your repayment option wisely.
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Paying interest on your loan while in school will mean you’ll pay less overall
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You may qualify for a lower APR with a co-signer
How rates are determined
Astrive Student Loan rates are based on the One-Month LIBOR (the London Interbank Offered Rate), which is the rate banks charge each other for loans, plus a margin that is determined by your or your co-signer's creditworthiness. Your rate will be determined individually when you apply. Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the One-Month LIBOR index changes.
Astrive Student Loans are private student loans marketed by Union Federal Savings Bank, Member FDIC and Equal Opportunity Lender. Astrive is a federally registered trademark of The First Marblehead Corporation, used by Union Federal Savings Bank.
1 LIBOR stands for London Interbank Offered Rate. Astrive Student Loan rates are based on the One-Month LIBOR, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the One-Month LIBOR index changes. Your variable interest rate is calculated by adding the current One-Month LIBOR index (captured on the 25th business day of each month and rounded up to the nearest 1/8th of one percent) to your margin.
