A more affordable K-12 education loan

Competitive loan terms.

Choose from a range of loan options

By letting you choose loan repayment terms, the prepGATE Loan Program makes it simple to find a loan that's right for your family.1

Rewarding responsible borrowing

  • 0.25% interest rate reduction for automatic withdrawal2

Competitive rates and fees

  • Variable-rate loan rates as low as one-month LIBOR +   with Annual Percentage Rates (APRs) as low as  3
  • Origination fees as low as  *

Check out the information and documents you'll need to complete your application.

Our Promise

Low-Rate, Low-Cost Loans

Our loans features competitive rates, origination fees as low as  *, and no prepayment penalty.

Freedom Of Choice

Qualified borrowers can choose between different repayment terms.

Easy Application

Apply online in as little as 15 minutes. Invite a cosigner with the click of a button.

"Casting A Wider Net"

Our custom credit scorecard allows us to make loans to borrowers who might not otherwise qualify for them.††

1Not all repayment terms may be available to all applicants.

2To qualify, simply arrange with your loan servicer to automatically deduct monthly principal and interest payments from a bank account. The automatic payment benefit will discontinue and be lost for the remaining repayment period in the event any three payments are returned for insufficient funds over the life of the loan. This benefit may be terminated during forbearance periods.

3The current interest rate in effect as of   ranges from   to  . APRs range from   to   as of  . The applicable interest rate for each calendar quarter shall be based on the average of the one-month London Interbank Offered Rate ("LIBOR") published in the "Money Rates" section of The Wall Street Journal (Eastern Edition) on the 1st day of each of the three previous calendar months, or the next business day thereafter, rounded to the nearest 1/100th percent (.01%). The variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your and your cosigner's (if any) credit history and will increase or decrease if the One-month LIBOR index changes. The current One-month LIBOR index was   on  . The low APR example assumes a $10,000 loan made in two disbursements with immediate repayment, a monthly principal and interest payment of   (there is a minimum monthly payment of $50), a 5-year repayment term (60 months), no Origination Fee, and a   interest rate (in effect as of  ). With a 5-year repayment term and no Origination Fees, current interest rates can range from   to   depending on your or your cosigner's credit history. The high APR example assumes a $10,000 loan made in two disbursements with immediate repayment, a monthly principal and interest payment of   (there is a minimum monthly payment of $50), a 10-year repayment term (120 months), an Origination Fee of   of the total loan amount, and a   interest rate (in effect as of  ). Interest rates are variable. Your variable interest rate and APR may be higher depending upon you and your cosigner's credit history and repayment term selected and will increase or decrease if the One-month LIBOR index changes.

*Origination fees range from   to  , depending on the repayment term chosen by the applicants.

††Minimum credit score required for the primary applicant.