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.
- Variable interest rates available for undergraduate students from 2.62% APR to 9.69% 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 2.62% APR to 7.62% APR1, and fixed interest rates from 5.74% APR to 8.56% 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 attendance3.
- Ability to lower your interest rate by making scheduled 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.
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
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.
- Start with money you won’t have to pay back. Supplement your college savings and income by maximizing scholarships, grants, and work-study.
- Explore federal student loans. Apply by completing the Free Application for Federal Student Aid.
- 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.