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Student Loans

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Private Student Loans

See what your future holds with Your Future Education Loan® from Commerce Bank.

The Your Future Education Loan® from Commerce Bank offers a flexible way to bridge the gap between federal loans and the cost of your education expenses.

Rates, Fees, Benefits

  • Variable interest rates for undergraduate students range from 2.25% APR to 9.37% APR and fixed interest rates range from 5.74% APR to 11.85% APR.1
  • Competitive rates are also available for graduate students.
  • No origination fees.
  • The loan covers up to 100% of your cost of attendance.2*
  • Lower your interest rate by making scheduled monthly payments by automatic debit. 3
  • Choose from three repayment options.1 While you’re in school you can pay just $25 each month4 or pay the interest each month. You can also defer your payments until after you graduate.
  • By making the scheduled monthly payments on time you will establish a payment history, putting you on a path towards building a credit history. The loan is a way to help you build your credit.
  • Cosigner release option is available.5

A Cosigner Can Help Make College Happen

Cosigning a loan with a parent or any other creditworthy person can make the investment in college more manageable, allowing you to focus on what’s important while you’re in school – successfully completing your education.

Benefits of Getting a Cosigner:

  • May help improve your chances for approval
  • May help you secure a better interest rate
  • Allows your cosigner to share in the cost

Plus, after graduation a borrower may apply for their cosigner to be released from the loan once they have made 12 consecutive, on-time principal and interest payments and meet certain credit requirements.5

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*Encourage Responsible Borrowing

We encourage students and families to supplement their savings by exploring grants, scholarships, and federal student loans, and to consider the anticipated monthly payments on their total student loan debt and their expected future earnings before considering a private education loan.


  • This information is for borrowers attending degree-granting institutions only. Applications are subject to a requested minimum loan amount of $1,000. Credit criteria and eligibility requirements apply.
  1. Interest rates for the Fixed and Deferred Repayment Options are higher than for loans with the Interest Repayment Option. Variable rates may increase after consummation. Interest is charged while you are in school and during the 6-month separation period. Any interest that remains unpaid when you enter full repayment will be added to your loan balance.
  2. As certified by your school and confirmed by Commerce Bank, less other financial aid received. Commerce Bank reserves the right to approve a lower loan amount than what the school has certified. Requested amounts exceeding $99,999 may require multiple loans.
  3. Either the borrower or cosigner (not both) must enroll in auto debit through Sallie Mae. The rate reduction benefit applies only during active repayment for as long as the borrower’s monthly payment amount is successfully deducted from the designated bank account and is suspended during forbearances and certain deferments.
  4. This informational repayment example uses typical loan terms available to a freshman borrower who elects the Fixed Repayment Option and has a $10,000 loan with two disbursements and a 7.21% variable APR: 51 payments of $25 per month, 119 payments of $140.28 per month, and one payment of $114.17, for a total paid of $18,082.49. This informational repayment example uses typical loan terms available to a graduate borrower who elects the Fixed Repayment Option and has a $10,000 loan with two disbursements and a 6.16% variable APR: 27 payments of $25 per month, 59 payments of $207.17 per month, and one payment of $194.41, for a total amount paid of $13,092.44.
  5. The release of a cosigner is at the sole discretion of Sallie Mae. Only the borrower may apply for cosigner release. The borrower must provide proof of graduation or successful completion of certification program, not be delinquent and have made 12 consecutive on-time payments of principal and interest immediately before applying, provide proof of income, pass a credit review that demonstrates a satisfactory credit history and the ability to assume full responsibility of the loan(s) individually, have no student loan(s) in default, must not be reported as 90+ days delinquent in the past 24 months, must not be in hardship forbearance and/or in a modified repayment program, be a U.S. citizen or permanent resident, and meet the age of majority in their state. Requirements are as of October 13, 2014, and are subject to change.
  • Explore federal loans and compare to ensure you understand the terms and features. Your Future Education Loans that have variable rates can go up after consummation. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide. Federal loans generally have origination fees, but are available to students regardless of income.
  • Information advertised valid as of June 16, 2015.
  • Your Future Education Loans are funded by Commerce Bank.
  • Your Future Education Loan is a service mark or registered service mark of Sallie Mae Bank or its subsidiaries. Other logos are trademarks or service marks of their respective owners.

Additional Information