Abe Student Loans works with DR Bank, the lender, and Monogram LLC to offer private student loans. Abe Student Loans Review
Abe doesn’t charge application, processing, or late payment fees, and they have more flexible repayment alternatives than other private student loan companies.
We go over the main features, pros, and negatives of Abe Student Loans in our review to help you determine if they are worth looking into.
You may also use Credible to shop around and compare Abe to check if they really have the best deal for you.
What Are Abe Student Loans?
Abe offers private student loans to undergraduate, graduate, and post-bachelor graduate certificate students, with flexible repayment options and no origination, late payment, or forbearance fees. Students can use the funds from an Abe student loan to cover the cost of expenses such as tuition, room and board, books and supplies, transportation, and other personal expenses during their time at school.
What Does It Offer?
Undergraduate
You can use Abe loans to help fund the cost of a Bachelor of Arts or Science degree at an approved school. This includes private and public colleges. You can check the approved school list at the time of your application. Abe Student Loans Review
Graduate
Most graduate degree programmes are eligible for Abe loans funding, including the following:
- Doctoral (Ph.D)
- Law Degree (J.D.)
- Doctor of Medicine (M.D.)
- Doctor of Dental Surgery (D.D.S.)
- Doctor of Veterinary Medicine (DVM)
- Master of Science in Nursing (MSN)
- Master of Public Health (MPH)
- Master of Accounting (MAcc)
- Master of Architecture (M.Arch)
Abe recognises that graduate degree programmes have much higher costs associated with them, which is why they provide an aggregate loan limit for certain degree programs. This includes all of your student loans from various sources, including federal student loans. Abe Student Loans Review
Certificate Programs
Unlike many student loan lenders, Abe provides student loans for graduate certificate programmes from its list of approved schools. If you’ve enrolled in a graduate certificate programme in order to gain a specific skill, you may be able to rely on Abe for funding. Abe Student Loans Review
Less Than Half-Time Enrollment
Not every student needs or is able to attend college full-time. Whether you can only manage part-time studies, or you only need a few more credits, you can still receive funding through an Abe student loan. Abe Student Loans Review
Are There Any Fees?
As mentioned, Abe Student Loans does not charge any origination, late payment, or forbearance fees. Also, you won’t be charged a fee if you make payments via debit card. Abe Student Loans Review
How Does Abe Compare?
Abe prioritises flexibility by providing student loans to students enrolled less than half-time, offering extended grace periods, and offering payment relief. However, it’s always a beneficial idea to compare providers before you proceed with any student loan company.
Ascent has long been a leader in the student loan loan space. You might find competitive rates with Ascent (always compare before you sign); however, it’s grace period is a standard six months – Abe’s is 12 months. Abe Student Loans Review
is a student loan refinance and private loan lender. Like Abe, it offers an extended grace period, though for nine months versus Abe’s 12. It provides loans for undergrad, grad, MBAs, medical and law schools but doesn’t lend for graduate certificate programs.
How Do I Open An Account?
You can be prequalified for an Abe student loan within minutes online. Simply head to the Abe student loans website, and select “Apply” in the top right-hand corner on the homepage. Or start the application process right here >>
You can also compare Abe on Credible to see your rate.
Before you apply, you’ll want be prepared with the following information:
- Your date of birth and SSN (and cosigner’s, if you’re using one)
- Phone number
- Email address
- Mailing address
- You school name, grade level, and your expected graduation date
- Desired loan amount
- Your income (or cosigner’s income if you’re using one
You are not required to apply with a cosigner; however, your chances of approval may be higher and your loan interest rate lower if you have a strong cosigner. Abe Student Loans Review
Is It Safe And Secure?
Yes, you should consider the information you provide to Abe Student Loans safe and secure. When you deal with Abe, you are really dealing with DR Bank, which is the actual lender and an FDIC-member institution, and its partner, Monogram LLC. Both companies provide have robust privacy policies, which you can access at the bottom of the Abe Student Loans homepage. Abe Student Loans Review
Contact
You can contact Abe via telephone, email, and regular mail. You can speak with an Abe Student Loan Specialist by phone at 1(833) 499-2254, email them at customerservice@abestudentloans.com, or send mail to the following address: Abe Student Loans Review
Abe Student Loans
c/o Priority Services at Monogram
200 Clarendon St, 20th Floor
Boston, MA 02116
Is It Worth It?
Before you apply for any private student loan, you should always exhaust other, more favourable financing options. This includes federal student loans, which usually come with lower interest rates and more flexible repayment options. That said, Abe seems to compare well against similar private student loan lenders. While it’s too new to have made it onto our list of top private student loan lenders, Its starting fixed and variable interest rates are lower than more well-established names, including SoFi and Earnest. Abe Student Loans Review
It doesn’t charge any origination, late payment, or forbearance fees, and it offers flexible repayment options, including terms up to 20 years, extended grace periods, and interest rate discounts that reward on-time payments. You can even qualify for a loan if you are attending school less than half-time. Abe Student Loans Review
Abe won’t be suitable if you’re in need of student loan refinancing, as it doesn’t currently offer it. SoFi or another refinancing provider might be a better option. Abe Student Loans Review