Apply online for an affordable student loan from Wachovia
Wachovia Graduate Loan
If you need additional funds to bridge the gap between federal programs and
the actual college costs, the Wachovia Graduate Loan can provide you with enough
money to complete your entire graduate education.
Keep in mind that private loans may reduce your eligibility for federal aid
programs. So be sure to maximize your federal loan options before applying for
this private loan.
Great Benefits:
Use funds to cover 100% of your education costs
Get the money you need quickly
Qualify without a co-borrower - even if you are unemployed
Pay zero loan fees1
Receive an interest rate as low as Prime minus 0.50% based on credit approval2
Reduce your interest rate by 0.50% when you make auto debit payments3
Make no payments until six months after you
leave school
Choose a repayment plan that works for your budget
Use our fast online application for an instant credit decision
You pay
ZERO loan fees1
Rates as low as
Prime minus 0.50%2
Will you need a co-borrower?
If you have limited or poor credit and income history, we strongly encourage
you to apply with a qualified co-borrower. This will greatly increase your chances
of receiving a loan with the most attractive terms. International students must
apply with a co-borrower who is a U.S. citizen or permanent resident in order
to qualify.
Co-Borrower Release Option
If you apply with a co-borrower, a co-borrower release option is available during
repayment. After you have made all of the first 36 consecutive, scheduled payments
on time and meet our credit requirements, your co-borrower will be eligible
for release from his or her repayment responsibilities upon your request.
Questions? We Can Help!
At Wachovia, we are always delighted to help our customers with questions or concerns. We look forward to hearing from you.
1Covers origination, disbursement and repayment fees.
2The variable interest rate is based on the Prime Rate published in "Consumer Rates and Returns to Investor" section of The Wall Street Journal on the twenty-fifth (25th) calendar day of the month immediately proceeding each monthly adjustment date, less a margin of 0.50% for qualifying borrowers. For example, the Variable Rate for the month beginning January 1st will be determined by the applicable Prime Rate published on the preceding December 25th. If The Wall Street Journal is not published or the Prime Rate is not stated, then the Prime Rate will be the applicable Prime Rate next published thereafter. If the Prime Rate is no longer available, we will choose a comparable index. The interest rate is reduced an additional 0.50% when loan payments are made using auto debit. With this rate reduction, qualified borrowers receive prime minus 1%.
3This benefit program may be modified or discontinued at any time without notice. Program changes will not affect loans that qualify for the benefit prior to the time of the change. Earned interest rate benefits terminate if you do not stay in the auto debit plan or upon loan default and/or loan transfer to the guarantor or insurer.
