Abe Student Loans Overview
Information Composed by Jake McCall, (eventually) Verified by Monogram LLC
Abe student loans are known for their customizability as well as grace periods that exceed that of other lenders and no application, origination, late or other fees. However, what really sets Abe apart is their in-school default protection which helps mitigate the risk for many students while pursuing their degree. Abe also offers on-time discounts, more repayment lengths than most with 5, 7, 10, 15, & 20 years, and graduate rewards all with competitive interest rates.
Quick Overview
Company details
Abe is run by Monogram LLC, a company that has been in the student loan space for decades and maintains an A rating overall according to the BBB (Better Business Bureau). Currently, it is the only lender that offers In-School default protection and is one of the few that offers loans to DACA and international student with a US cosigner. They also offer a no-essay scholarship and include many perks and benefits in their products as well as a higher degree of individual customizability.
We may be paid compensation for the products offered below. This by no means influences what we say or how we portray those products. Pluto is meant to help, not hinder your education funding.
Abe's No-Essay Scholarship!
Starting June 1, 2025, Abe is awarding a $1,000 scholarship every week through September 13, 2025.
Plus, one lucky grand prize winner will receive a $5,000 scholarship.
That’s a total of 15 weeks, 16 winners and $20,000!
Takes about 5 minutes
Abe at a Glance
Loan repayment plans are available with 5, 7, 10, 15, or 20 year terms and 4 different repayment options for both undergraduate and graduate students.
No application, processing, or late fees. Plus a 12-month grace period.
Variety of borrower benefits including a rate reduction plan that can reduce your rate up to .50%.
Some loan types may require an established credit history in order to qualify.
Does not offer student loan refinancing or parent loans and some colleges and universities may not be eligible.
Students without a cosigner may apply for an Abe loan and cosigner release is available after 12 months of on-time principal and interest payments
Abe's In-School Default Protection
If you elect to make interest only or flat payments while in-school but fall short, In-School Default Protection will save you from default by automatically switching you to a deferred payment program. Abe also features an extra year of in-school deferment19 – up to 60 months (5 years) in case it takes a little longer to get your degree.
Undergrad Loans
Associates, Bachelors, Accelerated Nursing
Abe Undergraduate Loans
Abe offers competitive interest rates and a variety of benefits for borrowers. Most plans are able to be customized using a variety of different methods such as the type of repayment plan, and repayment length (5, 7, 10, 15, 20 years). Abe specializes in risk flexibility with a longer 12-month grace period, extended payment relief and various forbearance options. Abe also allows you to reduce your rate by up to .50% when selecting autopay and having a good repayment history.
Up to .50% rate reduction plan
Request a 2% principal reduction Graduation reward
4 repayment options
DACA Students eligible with US cosigner
.25% Autopay Discount
12-month grace period
Cosigner release after 12 months of on-time repayment (if applicable)
Up to a $245,000 aggregate limit
No late, application or processing fees
Key Undergraduate Features
Graduate Loans
Business, Medical, Dental, Law, Health, and More
Abe Graduate Loans
Abe offers graduate loans for nearly all degrees, with competitive and low interest rates compared to other lenders. A high amount of flexibility and customization is offered with four available repayment plans and 5 loan terms to choose from. Abe also offers up to a .50% rate reduction plan and a 2% principal reduction after graduation upon request.
Up to .50% rate reduction plan
Request a 2% principal reduction Graduation reward
DACA Students eligible with US cosigner
Up to a $350,000 aggregate limit
12-month grace period
7, 10, 12, 15, or 20 year terms
4 repayment options
No late, application or processing fees
Apply for cosigner release after 12 months of consecutive, on-time repayment
.25% Autopay discount
Key Graduate Features
Did You Know...
That student loan rates can change rapidly every month? Don't miss the updates. We'll keep you posted on changing rates and more!
Disclosures:
Before applying for a private student loan, DR Bank and Monogram LLC recommend exhausting all financial aid alternatives including grants, scholarships, and federal student loans.
The AbeSM student loan is made by DR Bank, Member FDIC (“Lender”). All loans are subject to individual approval and adherence to Lender’s underwriting guidelines. Program restrictions and other terms and conditions apply. LENDER AND MONOGRAM LLC EACH RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. TERMS, CONDITIONS AND RATES ARE SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE.
1) Interest rates and APRs (Annual Percentage Rates): Interest rates and APRs (Annual Percentage Rates) depend upon (1) the student’s and cosigner’s (if applicable) credit histories, (2) the repayment option and repayment term selected, (3) the expected number of years in deferment, (4) the requested loan amount and (5) other information provided on the online loan application. If approved, applicants will be notified of the rate applicable to your loan. Rates and terms are effective as of 7/3/2025. The variable interest rate for each calendar month is calculated by adding the 30-Day Average Secured Overnight Financing Rate (“SOFR”) index, or a replacement index if the SOFR index is no longer available, plus a fixed margin assigned to each loan. The SOFR index is published on the website of the Federal Reserve Bank of New York. The current SOFR index is 4.375% as of 6/1/2025. The variable interest rate will change if the SOFR index changes or if a new index is chosen or if you automatically qualify for In-School Default Protection (see footnote below for details). The applicable index or margin for variable rate loans may change over time and result in a different APR than shown. The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the on-time payment discount or auto pay discount, or automatically qualify for In-School Default Protection (see footnote below for details). APRs displayed as a range: APRs assume a $10,000 loan with one disbursement. The high APRs assume a 5-year term with the Interest-Only Repayment option, a 31-month deferment period, and a six-month grace period before entering repayment. The low APRs assume a 7-year term, and the Immediate Repayment option with payments beginning 30-60 days after the disbursement via auto pay.
2) Autopay Discount: Earn a 0.25% interest rate reduction for making automatic payments from a bank account (“auto pay discount”) by completing the direct debit form provided by the Servicer. The auto pay discount is in addition to other discounts. The auto pay discount will be applied after the Servicer validates your bank account information. Automatic payments and the associated discount will be temporarily discontinued (1) if you elect to stop automatic deduction of payments and (2) during periods when you are not required to make payments. The discount will be permanently discontinued in the event three automatic deductions are returned by the financial institution for any reason.