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This calculator is intended for informational purposes only and the estimated monthly payment and rates given are only for Illustrative purposes. The accuracy of this calculator is not guaranteed.

* The lowest interest rate requires a creditworthy eligible borrower, and automatically withdrawn (“auto debit”) payments, a five-year repayment term, and borrowers making immediate principal and interest payments. Not all borrowers will receive the lowest rate. back

Frequently Asked Questions

A cosigner is a creditworthy person willing to assume responsibility for loan liabilities if the borrower fails to repay the loan. Applying with a cosigner may help you qualify for a loan and also lower your interest rate. Cosigners must be eligible U.S. citizens or permanent residents.

  1. U.S. citizenship or permanent residency status and possession a valid U.S. Social Security number. U-fi From Nelnet Student Loans are currently available in all U.S. states except Vermont.
  2. At least half-time enrollment at a U-fi From Nelnet eligible school for the loan period in question.
  3. Annual income of at least $36,000
  4. Neither borrower nor cosigner can have previously defaulted on a student loan
  5. Neither borrower nor cosigner can have filed for bankruptcy in the past seven years
  6. Have a credit score of 680 or more.

You should make sure to exhaust lower-cost federal borrowing options before you turn to non-federal student loans like ours.

Undergraduate
  • Minimum loan amount: $1,000
  • Maximum loan amount: $125,000
Graduate
  • Minimum loan amount: $1,000
  • Maximum student loan limit:
    • Graduate and doctorate: $175,000
    • MBA or graduate law degree: $175,000
    • Graduate health professions degree: $500,000

Some of your repayment options include:
  • Immediate repayment (you'll be required to make full principal and interest payments as soon as the loan is disbursed).
  • Interest-only repayment (you’ll make interest-only payments while in school).
  • Defer principal and interest payments (you won’t be required to make any payments until after you graduate).
  • Repayment terms from 5-15 years.

To qualify for a U-fi From Nelnet student loan you’ll need to:
  • Be an undergraduate or graduate student enrolled at least half-time at an eligible institution.
  • Be a U.S. citizen or permanent resident, or have a qualified cosigner who meets those requirements.
  • Pass a credit check and provide proof of income, or have a qualified cosigner who meets those requirements.

Short answer? It depends on the type of loan. Longer answer? Federal Direct Loan interest rates are determined each year by the U.S. Congress. Private loan interest rates are set by private lenders (like U-fi From Nelnet) using a financial index.

You’ll need to contact your student loan servicer or private loan lender to start the deferment process – keep in mind that you’ll still accrue interest while your loans are deferred.

When you drop below half-time status, your six-month grace period with U-fi From Nelnet will begin. If you decide to return to school before that six months is up, you can extend your grace period for another six months after you graduate.

U-fi From Nelnet offers three repayment options: Immediate Repayment (you’ll make payments on principal and interest right away), Interest-Only Repayment (you’ll make interest-only payments while in school and in grace), and Deferred Repayment (you’ll delay all required payments for up to 78 months, plus your grace period).

With U-fi From Nelnet, the fastest option is Immediate Repayment, since you’ll be making a higher payment each month, but paying less in interest over time.

Your cosigner should be a trusted individual who has strong credit, a reliable annual income (at least $36,000), and is a U.S. citizen or has permanent residency status. Your cosigner can be released from the loan after 24 consecutive on-time payments have been made.

For full details, click here to read rate information, eligibility requirements, and terms and conditions.

U-fi®, U-fi From Nelnet, and any associated logos or design marks are trademarks of Nelnet, Inc., for products and services advertised or marketed by Nelnet Consumer Finance, Inc.; all rights reserved.

Education Refinance loans are made and funded through Nelnet Bank, Member FDIC. Nelnet Bank is a subsidiary of Nelnet, Inc. and is not compensated by U-fi or Nelnet Consumer Finance, Inc. Nelnet Bank, and any associated logos or design marks are service marks or registered service marks of Nelnet, Inc. All Refinance loans are subject to Nelnet Bank approval. Program restrictions, other terms, and conditions apply.

U-fi From Nelnet student loans are made and funded by Union Bank and Trust Company, Member FDIC. Nelnet (or its affiliates) is compensated by Union Bank and Trust Company for the referral of prospective U-fi From Nelnet student loan customers. All U-fi From Nelnet student loan programs are subject to approval by Union Bank and Trust Company and may not be available in certain jurisdictions. All U-fi From Nelnet student loan programs and terms are subject to change or may be discontinued at any time without notice. Certain restrictions and limitations may apply.