Sixup Private Education Loan
Application and Solicitation Disclosure
Sixup Lending, LLC
77 Van Ness St. Suite 101
MS-1223
San Francisco, CA 94102
help@sixup.co
Loan Interest Rate & Fees
Your interest rate will be between
6.890%
and
9.89%
After the rate is set, your rate will be fixed.
Your Interest Rate (upon approval)
The interest rate you will pay will be determined after you apply. The rate will be established based on your academic performance, your credit history (where available), your financials, and other factors. If approved, we will notify you of the rate you qualify for within the stated range.
Your Interest Rate during the life of the loan
Your rate is fixed and will remain fixed for the life of the loan.
This means that once your rate is determined, the rate will not change. For more information on this rate see Reference Notes.
The rate will be fixed for the life of the loan.
Loan Fees
Origination Fee: 1% Late Charges: 4% of past due amount, not to exceed $30 (none in OR; not to exceed $10 in WI and $15 in CO). Returned Payment Fee: $25 (none in DC, NC and WV; not to exceed $15 in WI and $20 in CT). Collection and Default Charges: In event of a default, the borrower may incur additional collection charges as permitted under applicable law.
Loan Cost Examples
The total amount you will pay for this loan will vary depending upon when you enter repayment. These examples provide estimates based on the repayment options available to you while enrolled in school. These examples are based on a $10,000 loan. Your loan amount may be different. "Academic deferment period" is the period of academic enrollment plus the first six months after graduation or being enrolled less than half-time (up to 60 months).
Repayment Options
(while enrolled in school)
1. EARLY SMALL PAYMENTS WHILE IN ENROLLED IN SCHOOL
Make payments of $20 per month during the academic deferment period (defined above). Interest will accrue and any unpaid accrued interest will be added to your principal balance when you enter repayment, except as provided in the loan agreement.
2. FULL DEFERMENT WHILE IN SCHOOL
Payments start after the academic deferment period (defined above). Interest will accrue and any unpaid accrued interest will be added to your principal balance when you enter repayment, except as provided in the loan agreement.
Amount Provided
(amount provided directly to your school)
$10,000
$10,000
Interest Rate
(highest possible rate)
9.89%
9.89%
Loan Term
(how long you have to pay off the loan)
120 months starting after the academic deferment period
120 months starting after the academic deferment period
Total Paid over 120 months
$22,177.20
$22,820.40
About these examples
These repayment examples assume you remain in school for forty-eight (48) months and have a six (6) month grace period prior to entering repayment. The repayment example is based on the highest starting rate currently charged and associated fees. You have the option during the academic deferment period to switch between the two options.
Federal Loan Alternatives
Loan Program
PERKINS
for Students
STAFFORD
for Students
PLUS
for Parents and Graduate/Professional Students
Current Interest Rates by Program Type
5.000% fixed
4.450% fixed Undergraduate subsidized & unsubsidized
6.000% fixed Graduate
7.000% fixed Federal Direct Loan
You may qualify for Federal education loans.
For additional information, contact your school's financial aid office or the Department of Education at:
www.federalstudentaid.gov
Next Steps
  1. Find Out About Other Loan Options.
    Some schools have school-specific student loan benefits and terms not detailed on this form. Contact your school's financial aid office or visit the Department of Education's website at:
    www.federalstudentaid.gov for more information about other loans.
  2. To Apply for this Loan, Complete the Application and the Self-Certification Form.
    You may get the certification form from you school's financial aid office. If you are approved for this loan, the loan terms will be available for 90 days (terms will not change during this period, except as permitted by law and the variable interest rate may change based on the market).
REFERENCE NOTES
Fixed Interest Rate
• This loan has a fixed interest rate.
Eligibility Criteria
• Borrower must be a US citizen or a permanent resident alien.
• Borrower must be a permanent resident of the States of Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Massachusetts, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Texas, Virginia, West Virginia or Wisconsin. For residents of Georgia, the loan amount must exceed $3,000. For residents of California, the loan amount must be at least $5,000.
• Borrower must be at least the age of majority in their of their states of permanent residence.
• Borrower must be enrolled at least full time at an eligible institution.
• Borrower is subject to credit approval. Additional documentation may be required.
Bankruptcy Limitations
• If you file for bankruptcy you may still be required to pay back this loan.
Fees
• A late fee will be charged for any past due payment outstanding more than fifteen (15) days (none in OR; not to exceed $10 in WI and $15 in CO).
• A returned payment fee will be assessed on any payment that is returned unpaid (none in DC, NC and WV; not to exceed $15 in WI and $20 in CT).
More information about loan eligibility and repayment deferral or forbearance options is available in your loan application and loan agreement.