What to expect once you've taken out
a prepGATE loan.

Changing your loan

Loan changes should be made in writing and submitted to the prepGATE Loan Program and changes will be made within one business day. If a loan increase is requested by an applicant after credit approval, a new loan application must be submitted.

Disbursements

Funds for prepGATE loans are sent directly to the school on dates determined by the school.

Repayment schedule

Payment of principal and interest begins 30-60 days after the last disbursement.

Interest capitalization

Interest is capitalized after the final disbursement.

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.^††

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

^††Minimum credit score required for the primary applicant.