Low interest rates. Just another benefit of your CompleteEd™ Loan.

What are the benefits of my CompleteEd™ loan?

  • Interest rate savings.
  • Low APR.
  • Students get instant .25% APR savings with their credit union membership.
  • Sign up for automatic payments (or ACH), get an additional .25% APR savings during repayment.
  • Convenient 24/7 online account management

How is my CompleteEd™ loan interest rate determined?

CompleteEd uses variable rates on our private student loans, and they are adjusted quarterly. The interest rate is based on the current prime rate plus a margin. Interest begins accruing the day the loan funds are paid out.

If you had an origination fee it will be added to the loan amount (e.g., a loan of $25,000 and origination fee of $750, then $25,750 is borrowed).

The interest rate for this loan will change quarterly on the first day of January, April, July, and October (i.e., interest rate change date) if the Prime Index changes.

Where can I find the Prime Index Rate?

The Current Interest Rate Index is the Prime Rate published in the “Money Rates” section of the Wall Street Journal on the first business day of the month preceding any month of the “Interest Rate Change Date.” If the first day of the month is not a business day, the Wall Street Journal. is not published that day, or the “Money Rates” section is not published that day, the next day the “Money Rates” column is published will be used to determine the index. “Business Day” is defined for purposes of this paragraph only as any day the banks in New York are open for the transaction of business.

What’s the automatic payment discount?

There is an additional .25% APR savings† during repayment for those who sign up for automatic payments.

How do I manage my account online?

You can access your account via the CompleteEd Web site. However, due to the changes with CompleteEd, the Web site will only be available for a short period of time. After that, you’ll be able to access and manage your account via Great Lakes Higher Education Corp., our current loan service provider. For more information, please contact them at 1-800-236-4300 or visit their Web site at mygreatlakes.org.

†Discount applies while ACH is in effect. Three consecutive non-sufficient funds will terminate ACH and cause discount to cease.


Have Questions?
  • New applications are not being accepted. Read why.
  • Our FAQs can help or you can contact us
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Have an in-process application?
  • Your application will continue to be processed
  • All supporting documentation must be in by March 12, 2010
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Have an existing CompleteEd loan?
  • Terms and conditions remain the same
  • Great Lakes continues to service your loan
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