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Types of Loans   |   Student Loan   |   Parent Loan   |  
Refinance Loan   |   Benefits
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Need more information on Advantage Loans?

Call us toll-free at 888-678-4625

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KHESLC reserves the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice.

Advantage Education Loans

Student Loan

Advantage Eduction Loan

Advantage Education Loans are great options if you need additional money for college. Once you have exhausted your grant, scholarship and federal loan options, it's good to know there is another education loan product for you. There’s even an Advantage Parent Loan available for parents of undergraduate and graduate students.

FIXED interest rates start at 4.45% and do not exceed 7.59%.

Your FIXED interest rate is based on the repayment plan selected, your credit history and other factors. Your interest rate will be reduced further if you use our automatic debit payment service.

Applying with a creditworthy cosigner may help you qualify and/or receive a lower FIXED rate.

Immediate Repayment – Principal Plus Interest

  • 4.45% to 7.09% FIXED interest rate
  • NO Fees!
  • Student status can be less than half‐time enrollment
  • 0.5% Interest rate reduction for using our auto‐debit service
  • Repayment begins as soon as the loan is fully disbursed

Immediate Repayment – Interest Only

  • 5.09% to 7.09% FIXED interest rate
  • NO Fees!
  • Student must have at least a half‐time enrollment status
  • 0.5% Interest rate reduction for using our auto‐debit service
  • Interest payments begin as soon as the loan is fully disbursed
  • Full repayment begins six months after the student leaves school or drops below half-time status

Postponed Repayment

  • 5.99% to 7.59% FIXED interest rate
  • NO Fees!
  • Student must have at least a half‐time enrollment status
  • 0.5% Interest rate reduction for using our auto‐debit service
  • Repayment begins six months after the student leaves school or drops below half-time status

Benefits and Features

  • Death and Disability Benefit —
    For the student loans, if the student dies or becomes totally and permanently disabled prior to loan payoff, the student and the cosigner (if applicable) are released from the outstanding debt.
  • Loans funded and serviced by a trusted nonprofit agency
  • Loans made after July 1, 2013, that were placed in Interest‐Only or Postponed Repayment receive a six‐month grace period
  • Minimum loan amount is $1,000
  • Minimum monthly payment is $50
  • Loans have a 10‐year repayment term.
  • Loans can be used to cover a prior year's balance as long as it is no more than 60 days past the end of the loan period and the student is enrolled in a subsequent term
  • No prepayment penalties
To qualify, the student must:
  • Be the age of majority at the time of application based on student's state of permanent residence
  • Be a U.S. citizen or non‐citizen with proof of residency card
  • Have an acceptable income and credit history or an approved cosigner
  • Have a cosigner if loan amount is greater than $30,000
  • Be a resident of or, enrolled at an eligible school in any of the following states: AL, FL, GA, IN, KY, MS, MO, OH, TN, VA or WV

Or call 1–800–988–6333 to request an application.

The Advantage Education Loan is a private loan. You should always apply for eligible state and federal grants, scholarships and Direct Loans first.

KHESLC reserves the right to modify or discontinue loan features or benefits or to discontinue loan programs at any time without notice.

You can also Order a brochure

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