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In-School Loans

We can help you get where you want to go, faster.

Get on the road to success with low rate student loans to help finance your postgraduate education.

Check My Eligibility

Are you in enrolled in a graduate program at one of our eligible schools?

Answer a few short questions to find out if your program qualifies you for a Laurel Road in-school student loan!

What are you studying in graduate school?

What school do you attend?

Are you an international student?

Do you have a cosigner?

How many years do you have left?

We're sorry, Laurel Road does not currently offer in-school loans for your school and degree at this time.

Start Over

Why Borrow with Laurel Road?

Low Rates

Laurel Road offers low rates.

Easy Application

Upload your documents to apply for a loan.

Financial Flexibility

Lower rates means greater savings.

5 year
7 year
10 year
15 year
20 year
4.50% - 7.22%
5.37% - 7.50%
5.50% - 7.90%
5.74% - 8.42%
6.25% - 8.91%
4.11% - 7.07%
4.49% - 7.41%
4.76% - 7.69%
5.04% - 7.97%
5.34% - 8.27%
Check My Rates

Rates in the above table include a 0.25% discount for making automated payments from a bank account. Read important additional information below. For information about the rates and to see payment examples, see Terms and Conditions below.

Our Process

I see that my school and program are listed, what do I need to apply?

  • School information: School, Degree, Enrollment Status, Graduation Date
  • Cost of Attendance: We can fund the tuition and other expenses certified by your school
  • Personal Info: Provide identification, citizenship or permanent residency and other personal information for you and any cosigner you decide to include in your application

What happens after the app is submitted?

  • We’ll show you examples of the various loan repayment options we offer
  • We’ll also determine if the information you submitted meets the qualifications for our loan programs

I received an Approval notification, now what?

  • We present all loan products available to you, including various rate types, repayment terms, repayment options, and interest rates
  • Once you select a loan product, we’ll send you an approval disclosure to accept
  • Upon submission of your Approval Disclosure, we’ll contact your school and certify enrollment, cost of attendance, and anticipated graduation year
  • After we receive certification from your school, we’ll present you with a final disclosure to accept and your promissory note(s) to sign

I’ve submitted everything, now what?

  • Go study! We’ll take it from here
  • We disburse funds directly to your school, at which point you’ll receive a welcome email from our loan servicer MOHELA with more information about billing and your payment schedule

Student Loan Savings

Low student loan interest rates and no origination or prepayment fees.

How do we stack up against other lenders? Compare our rates to Federal PLUS loan rates and fees to find out. Also, Laurel Road doesn’t charge origination or prepayment fees, saving you even more—and helping you along the path to greater financial freedom.


1Savings example: average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.

* Terms and conditions apply.

† We may agree under certain circumstances to allow a borrower to make $100/month payments immediately after loan disbursement if the borrower is employed full‐time as an intern, resident, fellow, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post‐graduate training program ends.

Terms and Conditions

In-School Graduate Student Loan Examples:

Fixed Rate In-School Loan Repayment Example
Output Term Full Deferral Minimum Payment Interest Only Full Repayment
Min Max Min Max Min Max Min Max
APR 5 4.740% 7.080% 4.768% 7.215% 4.658% 7.154% 4.500% 6.980%
20 6.525% 8.909% 6.485% 8.911% 6.379% 8.863% 6.250% 8.750%
Monthly Payment 5 $209.86 $234.56 $178.85 $201.76 $187.20 $198.86 $180.74 $192.38
20 $87.10 $110.27 $74.21 $94.75 $73.97 $89.33 $72.88 $88.21
Variable Rate In-School Loan Repayment Example
Term Full Deferral Minimum Payment Interest Only Full Repayment
Min Max Min Max Min Max Min Max
APR 5 4.380% 6.940% 4.381% 7.073% 4.269% 7.005% 4.110% 6.830%
20 5.638% 8.274% 5.578% 8.264% 5.450% 8.198% 5.340% 8.080%
Monthly Payment 5 $206.19 $233.03 $175.45 $200.36 $185.43 $198.15 $178.97 $191.67
20 $79.42 $103.72 $67.41 $88.93 $68.68 $85.08 $67.61 $83.97


Assumptions: All repayment examples assume the student loan borrower is enrolled in an eligible program at an eligible school; the student loan borrower will successfully complete an expected 24-month in-school period followed by a 6-month grace period; a certified loan amount of $10,000 disbursed in two equal $5,000 amounts four months apart; and a 0.25% Automatic Payment Discount.

Annual Percentage Rate (APR): This term represents the actual cost of financing to the borrower over the life of the loan, incorporating in-school deferment or payment features of the product selected by the borrower.

Regular Installment Amount: This term represents the fully amortizing payment billed monthly to the borrower during the repayment term. Within the Repayment Examples, high and low APRs and Regular Installment Amounts are calculated for 5-year and 20-year Repayment Terms.

Automatic Payment Discount: Borrowers are eligible for a 0.25% interest rate discount in return for setting up automatic payments using Electronic Funds Transfer (EFT) directly from a bank account. This discount only applies during periods in which payments are required of the borrower. Borrowers will lose the Automatic Payment Discount if automatic monthly payments are no longer received from the designated bank account.

Student Repayment Options: Student borrowers can select one of four available Repayment Options that determine the required payment amount, if any, while the student is enrolled. The Repayment Options include: (1) Full Repayment, (2) Interest Only, (3) Flat Payments, and (4) Full Deferral. You can reference our FAQs for more details on each Repayment Option.

Stated interest rates for variable rate loans are based on the one-month London Interbank Offered Rate (“LIBOR”), as published in The Wall Street Journal on the twenty-fifth day of the preceding calendar month or, if this day falls on a weekend or US federal holiday, the preceding business day of the preceding calendar month. Regular Installment Amounts for variable rate loans paid between December 1, 2018 and December 31, 2018 will include the one-month LIBOR rate of 2.32%, as of December 1, 2018.

APR Ranges:APRs for variable rate loans will range from 3.930% to 8.103% and may increase after closing, during the term of the loan, because of changes in the benchmark LIBOR rate.  APRs for fixed rate loans will range from 4.500% to 8.911%. Rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.

The lowest APRs and Regular Installment Amounts require, at a minimum, enrollment in an eligible program at an eligible school; creditworthy applicants; selection of a Repayment Term of 5 years; selection of a Repayment Option of Full Repayment; and the 0.25% Automatic Payment Discount. The maximum variable rate is 12%.
Stated Interest Rates: All stated interest rates vary based on applicable loan terms and a variety of factors that include credit history, current outstanding debts, degree program, time remaining until graduation, and other factors.

Eligibility: A student loan borrower must be a U.S. Citizen or Permanent Resident with a valid permanent I-551 card (a conditional I-551 card will not be accepted), enrolled in good standing on at least a half-time basis (as defined by the Eligible Institution) in an Eligible Program at an Eligible Institution, and meet Laurel Road underwriting criteria including, for example, credit score, employment (if a co-signer is required), and credit history requirements.

Please note: Due to federal regulations, Laurel Road Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.

*Disclaimer: Subject to additional terms and conditions provided in Application Disclosure and Approval disclosure.

This information is current as of January 30th, 2019 and is subject to change.