Student Loans

Make an educated decision before you apply for student loans.

How much will college cost?

While college costs can vary greatly, tuition, years attending, housing, books, and more can all add up quickly. However, there are many schools that offer educational programs at different price points. There are grants and scholarships available from both the Department of Education and all sorts of organizations, including Clearview, which awards thousands of dollars in scholarships annually! You can also apply for federal student financial aid by completing a FAFSA (Free Application for Federal Student Aid) each year. Your institution may have financial aid applications as well, so be sure to check there, too! Check out this article that outlines what you need to know to get started paying for college.

Who is eligible for student lines of credit from Clearview?

Looking to apply for student loans with Clearview? Our private education line of credit is available to U.S. citizens or permanent residents who meet the eligibility requirements, including attending one of thousands of approved public and private non-profit schools nationwide.

What are my repayment options?

While in school, you can make full payments or choose to make interest-only payments. You can also defer both your principal and interest payments until six months after you graduate. If you decide to defer both the principal and interest payments during school, interest begins accruing at disbursement and will be capitalized once you begin your repayment plan.

Should I refinance my loans?

Once you’ve started repayment, you may be able to refinance and consolidate your loans into a single monthly payment and interest rate. When you refinance, you can potentially save on interest, lowering your monthly payment, and even pay off your loans sooner. If you’re refinancing federal loans, however, you will lose any borrower benefits associated with those loans, including discounts, rebates, income-based repayment, etc. Learn more about your options with this guide to refinance.

What is the difference between consolidation and refinancing?

Consolidation is combining existing loans. While your payment amount and interest may remain unchanged, you’ll enjoy the convenience of a single payment rather than multiple. Refinancing, on the other hand, is when you take out a single new loan to pay off your previous ones. As a result, you may have a new interest rate, terms, and a different monthly payment.