Already secured a federal or private loan? Learn how to switch to the negotiated deal.

Negotiated Student Loan Deal

Join thousands of MBA, JD, and other graduate students using a negotiated rate for their school loans. Check your rates and access the deal for free.

0.4% Exclusive Rate Reduction

0.4% Exclusive Rate Reduction

Check Your Rates

We negotiate student loan rates using collective bargaining.

We built a large member base of students looking to negotiate loan rates, took our group to several lenders, and picked the best offer from 7 different lenders who bid.

The deal is now available to eligible graduate students visiting this site across MBA, JD, Medical, Dental, Engineering, Pharma and Nursing programs. Check your school’s eligibility by clicking the ‘Check Your Rates’ button on this page.

You don’t pay anything to utilize the deal, just click through our link and you’ll have access to our exclusive rates if your program qualifies. It’s that simple. No strings attached.

LeverEdge'd Rates 1

Term APR
5 Year 4.23% - 6.94%
7 Year 4.24% - 6.95%
10 Year 4.53% - 6.97%
15 Year 5.01% - 7.74%
20 Year 5.66% - 8.38%
Check Your Rates

- Rates include a 0.40% rate discount for LeverEdge members.

- No application or origination fees or prepayment penalties.

- LeverEdge member offer cannot be combined with any other membership or organizational bonuses and discounts.

Fixed Rate In-School Loan Repayment Example
Term Full Deferral Minimum Payment Interest Only Full Repayment
Min Max Min Max Min Max Min Max
APR 5 4.58% 6.94% 4.48% 6.86% 4.35% 6.75% 4.23% 6.64%
20 6.01% 8.38% 5.90% 8.28% 5.77% 8.16% 5.66% 8.05%
Monthly Payment 5 $197.04 $214.40 $184.97 $201.62 $187.04 $198.96 $186.56 $198.54
20 $76.91 $94.89 $71.77 $88.76 $71.02 $85.84 $70.35 $85.15
Variable Rate In-School Loan Repayment Example
Term Full Deferral Minimum Payment Interest Only Full Repayment
Min Max Min Max Min Max Min Max
APR 5 4.56% 6.76% 4.46% 6.69% 4.33% 6.57% 4.21% 6.46%
20 5.35% 7.58% 5.24% 7.48% 5.12% 7.36% 5.00% 7.24%
Monthly Payment 5 $196.90 $213.07 $184.83 $200.35 $186.94 $198.05 $186.46 $197.63
20 $72.36 $88.57 $67.48 $82.79 $67.20 $80.68 $66.55 $79.99

Assumptions: All repayment examples assume the student loan borrower is enrolled in an eligible program at an eligible school; the student loan borrower will successfully complete an expected 24-month in-school period followed by a 6-month grace period; a certified loan amount of $10,000 disbursed in two equal $5,000 amounts four months apart; a 0.25% discount for making automatic payments from a bank account during periods where payment is required; and a .40% rate discount for being a LeverEdge member.

Month Installment Payment: This term represents the fully amortizing payment billed monthly to the borrower during the repayment term.

Annual Percentage Rate ("APR"): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.

Interest Rate: A simple annual rate that is applied to an unpaid balance.

Variable Rates: For variable rate loans, the current index rate is 2.49% and may change monthly. The current index for variable rate loans is derived from the one-month London Interbank Offered Rate (“LIBOR”). Although changes in the LIBOR index may cause your monthly payment to increase it will never exceed 12% the maximum variable rate for this loan.

Automatic Payment (“AutoPay”) Discount: Following final disbursement during periods where payment is required, the AutoPay discount of 0.25% will apply if the borrower or co-signor chooses to enroll in and successfully makes scheduled payments automatically from a bank account via the Automated Clearing House (“ACH”). The automatic payment discount will be removed if you cease making automatic payments via ACH or if Laurel Road cancels your AutoPay authorization due to returned payments, delinquency, forbearance or otherwise. Discount not available during periods of deferment when no payment is required. The 0.25% AutoPay discount will not reduce the monthly payment; instead, the discount is applied to the principal to help pay the loan down faster.

Student Repayment Options: Student borrowers can select one of four available Repayment Options that determine the required payment amount, if any, while the student is enrolled. The Repayment Options include: (1) Full Repayment, (2) Interest Only, (3) Flat Payments, and (4) Full Deferral. For loans with multiple disbursements payment is required only after final disbursement when selecting flat, interest only, and immediate repayment options. You can reference our FAQs for more details on each Repayment Option.


Estimate Savings Compared to Federal Loan Options 4

We encourage you to learn about features available via student loans from the government. Many LeverEdge Members find that they don't anticipate needing those features. If you are in the same boat, the calculator below helps you estimate your savings if you choose to use the LeverEdge + Laurel Road deal.

Estimated Savings


Over the Life of the Loan

Payments Our Deal Federal
Monthly (After School) $ $
Total $ $
Term Yr 10 Yr
Payment Plan Deferred

Assumptions common to both calculations

  • Assumes interest accrues in college
  • Assumes interest accrues during grace period
  • Assumes that the student is in college for 2 years + 6 month grace
  • Accrued interest capitalizes upon entering repayment

Assumptions with the Federal Loan Calculation

  • Assumes first disbursement is after July 1st 2019 and before September 30th
  • 6.08% Interest Rate for the First $20,500
  • 7.08% Interest Rate for anything above that
  • 1.062% Origination Fee for the First $20,500
  • 4.248% Origination Fee for anything above that

For the Laurel Road Calculation

  • Assumes FICO score between 740 and 760
  • Assumes auto-pay discount when applicable

Repayment Options and associated discounts 3

Based on the repayment option you select, the interest rate can be further reduced.


Make no payments while in school.


Pay $50 each month while you're in school.

Interest Only

Pay off the interest while you're in school.

Full Repayment

Start making principal and interest payments now.

Access the Negotiated Deal

Employment Discount 2


Employment discount available after graduation.

If you successfully graduate from an eligible program at an eligible institution and provide us with acceptable documentation that you have graduated and accepted employment, your interest rate will be reduced by 0.25%. Employment does not need to be in your field of study to qualify. Any rate reduction will be effective only after lender has confirmed and approved eligibility for the rate reduction. If the interest rate is adjusted due to the Employment Discount, your required monthly payment amount will be reduced in the next billing cycle following confirmation of eligibility.

Auto Pay Discount


Rate Reduction for Auto-Pay

Laurel Road will reduce the interest rate charged by 0.25% when you have payments due and are enrolled in auto-pay.

If you choose to defer all payments until you are out of school, you will not receive the auto-pay discount until after school.

If you choose any of the other repayments plans, you will receive the auto-pay discount once you have payments due and are enrolled in auto-pay.

Rates shown in the tables and ranges above may include an auto-pay discount.

Features of the Negotiated Loan

0.40% rate reduction for LeverEdge Members
0.25% employment discount available after graduation. 2
0.25% rate reduction for auto-pay
Lower rate options available based on repayment option
No application or origination fee
No early repayment penalty

Frequently Asked Questions

While you can save money with a private loan that offers lower interest rates and no origination fees, you should keep in mind that you maybe giving up flexible repayment plans like Income Based Repayment and programs like public service loan forgiveness. If you are confident that you do not need these features, then a private loan that is more affordable can make a ton of sense. We are not financial advisors. We recommend chatting with your financial aid office or a financial advisor.
Loans may be forgiven in the event of death or permanent disability. Terms and conditions apply.
There will be a six (6) month grace period which begins at the end of your In-school period. The grace period is triggered by the student either a. dropping below half-time attendance, b. withdrawing from the eligible institution, or c. graduating. The Repayment Term will begin within thirty (30) days of the end of the grace period. Borrowers who choose the Full Principal and Interest Plan are not eligible for a grace period.
Borrowers are eligible for a 0.25% interest rate discount in return for setting up automatic payments using Electronic Funds Transfer (EFT) directly from a bank account. This discount only applies during periods in which payments are required of the borrower. Borrowers will lose the Automatic Payment Discount if automatic monthly payments are no longer received from the designated bank account.
Make sure you go to Laurel Road directly from our website and use the same email address on Laurel Road that you use with LeverEdge.
Every borrower is different and Laurel Road makes rate offers accordingly. In general, those with higher credit scores will receive lower rate offers.

Eligibility Requirements

Based on the surveys of LeverEdge Members in the Fall 2019 Student Loan Negotiation Group, we believe that a vast majority of LeverEdge Members meet the eligibility criteria for Laurel Road Student Loans. If you find that you are not eligible, please send an email to and we will try our best to help you. For example, if your program is not listed as an eligible program, we may be able to help persuade Laurel Road to add it to the list of eligible programs.

  • You are a U.S. citizen or possess valid (non-conditional) Permanent Resident Card.
  • Your current enrollment status is at least half-time.
  • You are attending an There is a larger list of Medical, Dental, Engineering, Pharma and Nursing programs that are eligible for this deal that are not shown below.
    • JD Programs
    • Columbia University
    • Cornell University
    • Duke University
    • George Washington University
    • Georgetown University
    • Harvard University
    • New York University
    • Northwestern University
    • Stanford University
    • University of California Berkeley
    • University of Chicago
    • University of Michigan Ann Arbor
    • University of Pennsylvania
    • University of Virginia
    • Vanderbilt University
    • Yale University
    • MBA Programs
    • Arizona State University
    • Carnegie Mellon University
    • Columbia University
    • Cornell University
    • Dartmouth College
    • Duke University
    • Emory University
    • Georgetown University
    • Georgia Institute of Technology
    • Harvard University
    • Indiana University
    • Massachusetts Institute of Technology
    • New York University
    • Northwestern University
    • Rice University
    • Stanford University
    • University of California Berkeley
    • University of California Los Angeles
    • University of Chicago
    • University of Michigan Ann Arbor
    • University of Minnesota Twin Cities
    • University of North Carolina Chapel Hill
    • University of Pennsylvania
    • University of Southern California
    • University of Texas Austin
    • University of Virginia
    • University of Washington
    • Vanderbilt University
    • Washington University in St.Louis
    • Yale University
  • You have a minimum credit score of 700 or you have a minimum credit score of 660 and a co-signer with a 725+ credit score.
  • You meet KeyBank National Association underwriting criteria.