Our earnings help support PHEAA’s public service mission to give back to PA students and families.

Great Benefits!

Low Interest Rates (4.49-10.18%) APR1

No Application or Origination Fees

Multiple Repayment Plans

Interest Rate Reduction of 0.50% for Graduating*

*Undergraduate and graduate loans only

Loan Options

In School

Undergraduate Loan

A loan designed specifically for students seeking an undergraduate degree, certificate, or diploma.

Graduate Loan

A loan designed specifically for students seeking an advanced degree such as masters, doctoral, law, health profession, or others.

Parent Loan

A loan designed specifically for parents or guardians of dependent undergraduate students.

In Repayment

Refinance Loan

A loan designed specifically for borrowers in repayment to manage their student debt.

Application Process Made Easy

1

Check your eligibility

2

Create an account

3

Tell us about yourself or co-signer

4

Submit your application

Tip!You may benefit by applying with a co-signer.

For undergraduate, graduate, and refinance loans, most students may benefit from obtaining a creditworthy co-signer. Having a co-signer may increase your chances that the loan will be approved and, perhaps, may get you a better interest rate.

Smart Borrowing

The world of student aid can sometimes be difficult to navigate. However, it doesn't have to be. We have gathered information that will make it easier for you to understand.

1 Annual Percentage Rate (APR) Calculations: The lowest APR is based on the following assumptions: a PA Forward Student undergraduate or graduate loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan and a repayment term of 60 months, monthly on time payments of $186.52 and a final payment of $178.29, a fixed periodic interest rate of 4.77%, and total payments of $11,183.03. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period and a 0.50% graduation benefit was applied 47 months into repayment.

The highest APR is based on the following assumptions: a PA Forward Refinance loan of $20,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan and a repayment term of 240 months, monthly payments of $195.93, a fixed periodic interest rate of 10.22%, and a total amount financed of $47,022.85. The borrower in this sample did not qualify for any interest rate discounts.

This APR is an estimate and may differ from the actual rates received. More information about interest rates, including Annual Percentage Rates, is available for each loan program.

NOTE: Subject to aggregate loan limits.

Applicants, including co-signers, are subject to credit qualifications, completion of an application and credit agreement, and verification of application information. PHEAA uses applicants FICO scores to determine eligibility and interest rates. Higher credit scores may mean an applicant is offered a lower interest rate. PHEAA reserves the right to discontinue all programs or benefits without prior notice.