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, and choose your repayment option.
- Variable interest rates available for undergraduate students from 2.25% APR to 9.37% 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 2.25% APR to 7.27% 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 the interest while you're in school. You can also defer your payments until after you graduate1.
- No origination fees.
- Borrow up to 100% of your school-certified cost of attendance3.
- Ability to lower your interest rate by making scheduled monthly payments by automatic debit4.
- After graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, 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.
- May help you secure a better interest rate.
- Allows your cosigner to share in the cost. Plus, after graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, on-time principal and interest payments and meet certain credit requirements5.
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 A-B-C.
- Apply for Financial Aid – FAFSA, scholarship applications as well as college forms
- Budget what you can from savings and income to help cover the full cost of your degree
- Compare borrowing options
For more information on types of federal student aid, grants, and types of student loans, visit the Federal Student Aid site.