Interest Rates

3 Repayment

No Origination

The flexible way to pay for college

The Your Future Education Loan® from Commerce Bank offers a flexible way to bridge the gap between federal loans and the cost of your education expenses.

Get a credit result in about 15 minutes, e-sign, choose your repayment option, and accept your loan terms.

Apply Now 


g Features and benefits

  • Variable interest rates available for undergraduate students from 4.12% APR to 10.98% APR1.
  • Fixed interest rates available for undergraduate students from 5.74% APR to 11.85% APR1.
  • Lower rates available for graduate students, including variable interest rates from 4.00% APR to 8.91% APR1, and fixed interest rates from 6.24% APR to 9.02% APR1.
  • Choice of three repayment options. Pay just $25 each month2 or pay interest each month while you're in school. You can also defer your payments until after you graduate1.
  • No origination fee.
  • Borrow up to 100% of the school-certified cost of attendance 3.
  • Ability to lower your interest rate by making monthly payments by automatic debit4.
  • You may apply to release your cosigner from the loan after you graduate, make 12 on-time principal and interest payments and meet certain credit requirements5.
  • Jump-start your student’s studies with Study StarterSM and choose up to 120 free minutes of live online help from Chegg Tutors™ or free access to Chegg Study® with guided Textbook Solutions6.

g Benefits of a cosigner

Cosigning a loan with a parent or any other creditworthy person can make the investment in college more manageable, allowing you to focus on what’s important while you’re in school - successfully completing your education.

Having a cosigner:

  • May help improve your chances for approval.
  • Allows your cosigner to share in the cost. Plus, a borrower may apply to release the cosigner from the loan after graduation, making 12 on-time principal and interest payments, and meeting certain credit requirements.5

g 1-2-3 approach to paying for college

We recognize how important it is to find the right funds at the right time for an education. That’s why we recommend a simple formula to make financing college as easy as 1-2-3.

  1. Start with money you won’t have to pay back. Supplement your college savings and income by maximizing scholarships, grants, and work-study.
  2. Explore federal student loans. Apply by completing the Free Application for Federal Student Aid.
  3. Consider a responsible private student loan. Fill the gap between your available resources and the cost of college.

For more information on types of federal student aid, grants, and types of student loans, visit the Federal Student Aid site.


Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.


College Funding Resources

Scholarships and grants

Register for free and gain access to millions of scholarships totaling up to $18 billion in free money to help you pay for college. Register now

Parents or grandparents can help pay for college

Their Future Education LoanTM from Commerce Bank offers parents or any creditworthy individual another option for financing a student’s college expenses. This loan, in your name, lets you help your student pay for college with a choice of repayment options. Learn more

Learning Center

Learn how to manage your money with how-to’s on saving, budgeting, borrowing – and much more! We're here to help you every step of the way. Learn more

Have questions?

Contact us by calling 855-342-2006855-342-2006 or by email at

Loan Application & Solicitation Disclosures

Your Future Education Loan for Undergraduate Students Loan Application and Solicitation Disclosure

Your Future Education Loan for Graduate Students Loan Application and Solicitation Disclosure


This information is for undergraduate borrowers attending degree-granting institutions only. You must be attending a participating school located in the U.S. or have attended one during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

1 Interest rates for Fixed and Deferred Repayment Options are higher than interest rates for the Interest Repayment Option. You’re charged interest starting at disbursement, while in school and during your six-month separation or grace period. When you enter principal and interest repayment, Unpaid Interest will be added to your loan’s Current Principal. Variable rates may increase over the life of the loan. Advertised APRs assume a $10,000 loan to a freshman or first-year graduate, as applicable, with no other Sallie Mae loans. Graduate student pricing for this loan is limited to students enrolling in a Masters/Doctorate level degree program. Graduate Certificate/Continuing Education course work is not eligible.

2 This repayment example is based on a typical loan to a borrower who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 8.77% variable APR. It works out to 51 payments of $25.00, 119 payments of $160.54 and one payment of $119.94, for a Total Loan Cost of $20,499.20. Variable rates may increase over the life of the loan. This repayment example is based on a typical loan to a first-year graduate borrower who chooses a variable rate and the Fixed Repayment Option for a $10,000 loan, with two disbursements, and a 7.83% variable APR. It works out to 27 payments of $25.00, 59 payments of $223.52 and one payment of $205.09, for a Total Loan Cost of $14,067.77. Variable rates may increase over the life of the loan.

3 Commerce Bank reserves the right to approve a lower loan amount than the school-certified amount.

4 Borrower or cosigner must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month, and may therefore be suspended during a forbearance or deferment period.

5 Only the borrower may apply for cosigner release. Borrowers who meet the age of majority in their state may apply for cosigner release by providing proof of graduation (or completion of certification program), income, and U.S. citizenship or permanent residency (if your status has changed since you applied). In the last 12 months, the borrower must be current on all Sallie Mae serviced loans (including no hardship forbearances or modified repayment programs) and have paid ahead or made 12 on-time principal and interest payments on each loan requested for release. When the cosigner release application is processed, the borrower must demonstrate the ability to assume full responsibility of the loan(s) individually, and pass a credit review that demonstrates a satisfactory credit history including but not limited to no: open bankruptcy, open foreclosure, student loan(s) in default or 90 day delinquencies in the last 24 months. Requirements are subject to change.

6 This promotional benefit is provided at no cost to borrowers with loans that first disburse between July 1, 2018, and June 30, 2019. Borrowers who reside in, attend school in, or borrow for a student attending school in Maine are not eligible for this benefit. No cash value. Terms and Conditions apply. Please visit for complete details. This offer expires one year after issuance.

Information advertised valid as of .