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PA Forward Undergraduate Student Loan Review
Undergraduate Student Loan
Rewards: Autopay discount (0.25%), graduation discount (0.50%)
Eligibility: Must be a PA resident attending any Title IV school or surrounding state resident attending a PA school
Overall Limits: $150,000 aggregate
Rewards: Autopay discount (0.25%), graduation discount (0.50%)
Eligibility: Must be a PA resident attending any Title IV school or surrounding state resident attending a PA school
Overall Limits: $150,000 aggregate
The bottom line
PA Forward Undergraduate Student Loans are a good option for students who are Pennsylvania residents or residents of surrounding states who are attending a PA school. There are no fees and PA Forward offers both an autopay and graduation interest rate discount.
Pros- No application, origination, or late fees
- Offers cosigner release
Cons- Residency restrictions
Loan comparison
Full review
PA Forward Undergraduate Student Loans are available only for PA residents attending a Title IV school, or residents of neighboring states who are attending a PA institutions. PA Forward student loans are offered by the Pennsylvania Higher Education Assistance Agency. Borrowers who meet the residency and credit qualifications will have a fixed interest rate that has a lower cap than most private lenders we review. Moreover, borrowers enrolled in autopay enjoy a 0.25% interest rate reduction, and a 0.50% rate reduction upon graduation.
Borrowers who apply with a cosigner can release the cosigner from responsibility after 48 months of consecutive on-time payments. PA Forward offers four different repayment plans for students in school depending on their needs. There are three possible loan terms to choose from: 5, 10 or 15 years, but note that students who are enrolled less than half-time are only eligible for the 5 and 10-year repayment terms.
PA Forward - Undergraduate Student Loan
Other loans that PA Forward offers:
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