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INvestEd private student loans review

Flexible repayments and graduation discounts for Hoosiers and students going to school in Indiana.’s rating: 4.5 / 5.0


  • Best for Indiana residents or those attending school in the state.
  • Pick something else if you don't have a creditworthy cosigner.

3.83% to 7.94%


5, 10 or 15 years

Max. Loan Amount


Min. Credit Score


Product NameINvestEd
Minimum Loan Amount$1,001
Max. Loan Amount5, 10 or 15 years
APR3.83% to 7.94%
Minimum Loan Term5 years
Maximum Loan Term15 years
Requirements670+ credit score, DTI under 31% or $3,333+ monthly income, 2+ years of continuous employment or regular source of income, Indiana resident or nonresident attending school in the state, no delinquencies of 60+ days during last 2 years, no repossessions, judgments, foreclosures, garnishments or tax liens, no charge-offs or collection accounts of $100+, no bankruptcies in last 5 years, no defaults on student loans

Review by

Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for anyone to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise — and maintaining a Duolingo streak of over 1,300 days.

Expert review

INvestEd is ideal for Indiana residents or other students attending school in the state. It offers competitive rates and benefits — including the chance to decrease your loan balance by 2% if you graduate in less than six years.

However, you’ll have to meet strict credit requirements or apply with a creditworthy cosigner to qualify. And its 21% cap on variable rates is higher than what you’ll find with other lenders.

Still on the fence? Check out our list of other private student loan providers to find a lender that might be a better fit.

How much will this loan cost me?

INvestEd offers fixed rates from 3.83% to 7.94% and variable rates from 1.64% to without any discounts. It doesn’t charge any origination or application fees.

Tersm run from 5, 10 or 15 years and you can borrow from $1,001 all the way up to 100% of your school-certified cost of attendance after other financial aid is deducted.

Use the calculator below to see how much a loan might cost — if you were to make full repayments as soon as the school received the funds.

How it works

Rates are largely based off your credit score and whether you opt for a fixed- or variable-rate loan. It also depends on your repayment plan.

Repayment planVariable ratesFixed rates
Immediate repayments1.64% to 6.28%3.83% to 7.64%
Interest-only repayments2.92% to 6.43%4.22% to 7.79%
Deferred repayments3.07% to 6.58%4.37% to 7.94%

Variable rates fluctuate based on the three-month LIBOR rate, though they’ll never go above 21%.

    Does INvestEd offer discounts?

    Yes, INvestED offers a couple of discounts on rates and the loan balance.

    Interest rate discount

    Like many lenders, INvestEd offers a 0.25% rate discount for signing up for autopay. However, this won’t lower your monthly repayments. Instead, it puts the discount toward your interest repayments. This means you’ll be paying more toward your loan’s principal than interest every month. By doing this, you’ll finish making repayments well before your loan term is up.

    Let’s take a look at an example: Say you were making a $100 repayment each month. With the interest rate discount, your interest would be reduced from $10 to $8. While you’d still be making that $100 repayment, now $92 would go toward principal, rather than just $90. That would decrease how long it takes to pay off your debt.

    Graduation benefit

    If you graduate between 90 days and six years after INvesteED disbursed your loan, it will reduce your loan balance by 2%. To qualify for the graduation benefit, you must submit a request with proof of graduation and be no more than 30 days late on a repayment.

    What do I need to qualify?

    To qualify for a student loan from INvestEd, you or your cosigner must meet the following criteria:

    • Credit score of at least 670
    • DTI ratio under 31% or monthly income of at least $3,333
    • Continuously employed for at least two years or regular source of income
    • No delinquencies of 60 or more days in the last two years
    • No repossessions, foreclosures, garnishments, tax liens or judgments
    • No bankruptcies within the last five years
    • No defaults on student loans

    What states is INvestEd available in?

    INvestEd is only available in Indiana. To qualify, you must be either:

    • An Indiana resident
    • A nonresident attending an eligible school in the state

    What are my repayment options?

    INvestEd offers three repayment options for both its fixed- and variable-rate student loans.

    • Immediate repayments. Make repayments on principal and interest 30 to 60 days after your loan is disbursed.
    • Interest-only repayment. Make interest-only repayments 30 to 60 days after your loan is disbursed. Full repayments begin six months after you graduate or drop below half time.
    • Deferred repayment. You won’t make full repayments until six months after you graduate or drop below half time. Any interest that accrues will be added to your loan balance, making this the most expensive option.

    After your grace period is up, you’re on the hook for full repaymetnts until the end of your loan term. If you’re late on a repayment, INvestED charges late fee of 5% of the amount due — but no more than $15. And if a repayment fails to go through, you’ll be on the hook for a $10 returned payment fee.

    Does INvestEd offer deferment or forbearance?

    Yes. You can choose in-school deferment, which means you won’t make any payments until after your six-month grace period is up — which doesn’t kick in until you graduate or drop below half time. And if you choose to attend graduate school immediately after you complete your undergraduate degree, you have an extra two years until repayments begin.

    INvestEd also offers hardship forbearance in one- to three-month increments, which you can request up to two times a year. In total, you may request forbearance for up to 24 months throughout the life of your loan. While interest continues to accrue during this time, it might be helpful if you hit a financial rough patch.


    • Principal reduction
    • Cosigner release available
    • Financial literacy resources
    • Live chat available


    • Only available in Indiana
    • High variable-rate loan cap
    • INvestEd may not be your actual lender

    See more student loan providers

    Name Product APR Min. Credit Score Loan amount Loan Term
    EDvestinU Private Student Loans
    4.092% to 8.609% with autopay
    $1,000 - $200,000
    7 to 20 years
    Straightforward student loans for undergraduate and graduate students.
    CommonBond Private Student Loans
    3.74% to 10.74%
    $5,000 - $500,000
    5 to 15 years
    Finance your college education through this lender with a strong social mission and terms that fit your budget.
    Edvisors Private Student Loan Marketplace
    Varies by lender
    Varies by lender
    Varies by lender
    Varies by lender
    Quickly compare private lenders for your school and apply for the right student loan.
    Credible Labs Inc. (Student Loan Platform)
    Starting at 0.99% with autopay
    Good to excellent credit
    Starting at $1,000
    5 to 20 years
    Get prequalified rates from private lenders offering student loans with no origination or prepayment fees.

    Compare up to 4 providers

    INvestEd reviews and complaints

    Not much. It doesn’t have a page with the BBB or Trustpilot. Nor is it mentioned on popular online forums like Reddit. However, its involvement with the community is a plus in our book. INvestEd representatives are known to visit local schools to help with the FAFSA and other educational efforts.

    What to expect when signing up

    Before you begin, confirm that you or your cosigner qualifies. Then follow these steps to get started on the application:

    1. Visit the INvestEd website.
    2. Click Apply now and select Student loan.
    3. Enter your first name, email, phone number and state of residency.
    4. Check the box agreeing to let INvestEd call you to help with the process.
    5. Select the state your college is in and your school’s name. Click Next.
    6. Wait to be redirected to the CampusDoor application page.
    7. Select the name of your school, the state it’s located in, whether you’re applying with a cosigner, your citizenship status and whether you’ll be enrolled at least half time. Click Am I eligible?
    8. If eligible, create an account with CampusDoor and follow the steps to complete your application.

    What information do I need to apply?

    When you start your application, have the following information on hand to speed up the process:

    • Name and contact information
    • Details about your employment, income and debts
    • School and major

    If applying with a cosigner, you’ll also have to provide information about them, including their employment, income and debts.

    Who services INvestEd student loans?

    INvestEd student loans are serviced by American Education Services (AES). While you’ll have multiple ways to make repayments through AES, many former borrowers have had issues with the servicer mishandling repayments.

    Find out how to avoid this — and what to do if you run into problems — with our guide to AES student loan servicing.

    More about INvestEd

    INvestEd has been offering student loans to Hoosiers and Indiana students for 35 years now. Beyond its loan options, it also provides helpful financial aid resources on its website, and visits local high schools to help families understand their borrowing options — even if that means not going with a private student loan.

    Read our guide to student loans to see your other options to pay for school.

    Frequently asked questions

    Student loan ratings

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    ★★★★★ — Subpar

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    We rate student loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

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