About Think Student Loans
Paying for college is challenging for two reasons – it’s expensive and it’s complicated. An education is an investment that lasts a lifetime. Our singular focus is helping families pay for college – that’s all we do.
Simple
- With a Think student loan, the paperwork is simple and straightforward
- Apply in minutes, and receive a preliminary approval in as few as 15 minutes
- All Think student loans are unsecured, which means they require no collateral
Affordable
Get a check sent to you in about a week
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- Undergraduates can choose to defer all payments on their Think student loan until graduation to 4 years (5 years for borrowers in 5 year programs) ¹
- Undergraduates and graduates enjoy an automatic 6 month grace period following graduation before payments have to begin ¹
- By enrolling in our automatic payment program, your interest rate will be reduced by 0.25%, and you can have your rate reduced by another 0.25% after you make your first 36 payments on-time ²
Flexible
- Borrowers will never be turned down because they make too much money or are using other grants or loans to help pay for school
- You decide how much you need, and you can borrow up to $40,000³, or the estimated cost for your school program, whichever is less
- Think student loans can be used to pay for all education-related expenses, including tuition, room and board, travel to and from school, a computer, books, lab fees. You can even use a Think student loan to pay for past due expenses.
Think student loans put you in charge of the process. With a Think student loan, you decide how much to borrow³. It's not up to the federal government, or the financial aid office at your school. We think you know best how much money you need to pay for school, so we put you in charge of the loan process. And we send the check directly to you, not the school. Apply now!
Learn more about our Student loans.
¹ Undergraduate students may choose to defer repayment until six months after graduation or ceasing to be enrolled at least half time in school. Interest only and immediate repayment options are also available. Graduate repayment is automatically deferred. Continuing education borrowers begin repayment the earlier of a) 180 days after the student graduates or earns a certificate; b) 180 days after the student ceases to be enrolled; or c) two years after the date of the loan disbursement. K-12 loans are immediate repayment loans.
² The 0.25% interest rate reduction is available for borrowers who elect to have monthly principal and interest payments transferred electronically from a savings or checking account. The interest rate reduction will begin when automatic principal and interest payments start, and will remain in effect as long as automatic payments continue without interruption. This reduced interest rate will return to contract rate if automatic payments are cancelled, rejected or returned for any reason. Upon request, borrowers are also entitled to an additional 0.25% interest rate reduction if (1) the first 36 payments of principal and interest are paid on time, and (2) at any time prior to the 36th on time payment, the borrower who receives the monthly bill elects to have monthly principal and interest payments transferred electronically from a savings or checking account, and continues to make such automatic payments through the 36th payment. This reduced interest rate will not be returned to contract rate if, after receiving the benefit, the borrower discontinues automatic electronic payment.
³ Undergraduate and graduate borrowers may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where it has been determined that the annual cost of attendance exceeds $30,000) and up to the aggregate amount of $130,000. Borrowers in Continuing Education and K-12 loan programs may borrow annually up to $30,000 and up to the aggregate amount of $130,000.
