Abe Student Loans Overview
Information Composed by Jake McCall, Verified by Monogram LLC
Abe(SM) student loans are known for their customizability as well as generous grace periods that exceed that of other lenders, and no application, origination, late or other fees. However, what really sets Abe apart is In-School Default Protection (1), which helps mitigate the risk of default for many students while pursuing their degree. Abe also offers an on-time payment discount (2), more repayment terms than most with 5-, 7-, 10-, 15-, & 20-year (3) options, and a graduate reward4 all with competitive interest rates.
Quick Overview
Company details
Abe is a trademark of Monogram LLC, a company whose team has been in the private student loan space for decades and maintains an A rating overall according to the BBB (Better Business Bureau). Currently, Abe is the only student loan product that offers In-School Default Protection and is one of the few that offers loans to DACA recipients and international students with an eligible U.S. cosigner (5). Abe also offers a no-essay scholarship (6).
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.
The Abe No-Essay Scholarship Sweepstakes (6)!
Every week through September 13, 2025 Abe is awarding a $1,000 scholarship.
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. No impact on your credit score
Abe at a Glance
Customizable loan options include a fixed or variable rate, 5-, 7-, 10-, 15- or 20-year (3) repayment term, and 4 different repayment options (3) to choose from for both undergraduate and graduate students.
No application fees, processing fees, or late fees. Plus, up to a 12-month grace period (8).
Variety of borrower benefits including a 0.25% interest rate reduction for electing auto pay (9), plus up to an additional 0.25% interest rate reduction for making on-time payments(2).
Positive income and a good credit history are required in order to qualify.
Does not offer student loan refinancing or parent loans.
Students without a cosigner may apply for an Abe loan. For those with a cosigner, cosigner release is available after 12 months of on-time principal and interest payments (10).
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 deferment (11) – up to 60 months (5 years) in case it takes a little longer to get your degree.
Undergrad Loans
Associates, Bachelors
Abe Undergraduate Loans
Abe offers competitive interest rates and a variety of benefits for borrowers. Abe borrowers can customize their repayment option (defer payments, pay interest only or pay principal and interest while in school)(3), and repayment term (5-, 7-, 10-, 15- or 20 -years)(3) and can choose a fixed or variable interest rate. Abe specializes in risk flexibility with a longer 12-month grace period (8), extended payment relief and various forbearance options. Abe also allows you to reduce your interest rate by up to .50% when selecting auto pay (9) and having a good repayment history (2).
Up to a 0.25% rate reduction for making on-time payments (2)
Request a 2% principal reduction upon graduating (4)
4 repayment options to choose from (3)
DACA students are eligible with US cosigner (5)
0.25% rate reduction when you elect autopay (9)
5-, 7-, 10-, 15- or 20-year terms (3)
Up to a 12-month grace period (8)
Can apply for cosigner release after 12 months of on-time principal and interest payments (10)
Up to a $225,000 aggregate limit (12)
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 degree types, with competitive and low interest rates compared to other student loans. A high amount of flexibility and customization is offered with four available repayment options (3) and 5 repayment terms (3) to choose from. Abe also offers up to a .50% rate reduction (2,9) and a 2% principal reduction after graduation upon request (4).
Up to a 0.25% rate reduction for making on-time payments (2)
Request a 2% principal reduction upon graduation (4)
DACA recipients are eligible with US cosigner (5)
Up to a $350,000 aggregate limit (12)
Up to a 12-month grace period (8)
5-, 7-, 10-, 15- or 20-year terms (3)
4 repayment options (3)
No late, application or processing fees
Apply for cosigner release after 12 months of consecutive, on-time principal and interest payments (10)
0.25% rate reduction when you elect autopay (9)
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 Borrowers with Interest Only or Flat Payment Repayment loans that reach at least 90 days delinquent during an in-school deferment period will automatically have their repayment option transitioned from the Interest Only or Flat Payment Repayment option to the Full Deferment Repayment option. Under these circumstances, the interest rate on the loan will automatically increase to match the interest rate associated with the corresponding Full Deferment loan. For an Interest Only loan, the interest rate will increase by one percentage point (1.00%). For a Flat Payment Repayment loan, the interest rate will increase by one quarter of one percentage point (0.25%). Credit reporting prior to the transition of a loan to the Full Deferment repayment option will remain on your record. Any unpaid accrued interest at the end of an in-school deferment period may be capitalized in accordance with the Credit Agreement.
2 The 0.05% interest rate reduction will automatically be applied for every 6 consecutive monthly payments of principal and interest made during the repayment term within 10 calendar days after their due date up to a maximum interest rate discount of 0.25%. During any period of deferment or forbearance, or upon use of an approved reduced repayment plan, the interest rate will increase by any previously received On-time Payment Benefit reduction(s). The interest rate will return to the reduced interest rate following such period. Use of a deferment or forbearance will reset the number of consecutive monthly payments of principal and interest made to zero. A late payment will disqualify the loan from receiving any additional interest rate reductions for on-time payments.
3 The 15- and 20- year term and Flat Payment Repayment option (paying $25 per month during in-school deferment) are only available for loan amounts of $5,000 or more. Making interest only or flat interest payments during deferment will not reduce the principal balance of the loan. Payment examples (all assume a 14-month deferment period, a six-month grace period before entering repayment, no auto pay discount, and the Interest Only Repayment option): 5-year term: $10,000 loan, one disbursement, with a 5-year repayment term (60 months) and a 9.30% APR would result in a monthly principal and interest payment of $209.04. 7-year term: $10,000 loan, one disbursement, with a 7-year repayment term (84 months) and a 8.50% APR would result in a monthly principal and interest payment of $158.36. 10-year term: $10,000 loan, one disbursement, with a 10-year repayment term (120 months) and a 8.35% APR would result in a monthly principal and interest payment of $123.18. 15-year term: $10,000 loan, one disbursement, with, a 15-year repayment term (180 months) and a 8.30% APR would result in a monthly principal and interest payment of $97.31. 20-year term: $10,000 loan, one disbursement, with, a 20-year repayment term (240 months) and a 8.38% APR would result in a monthly principal and interest payment of $86.02.
4 The principal reduction is based on the total dollar amount of all disbursements made, excluding any amounts that are reduced, canceled, or returned. To receive this principal reduction, it must be requested from the Servicer, the student borrower must have earned a bachelor’s degree or higher and proof of such graduation must be provided to the Servicer. This reward is available once during the life of the loan, regardless of whether the student receives more than one degree.
5 The Abe student loan is available to applicants who are U.S. citizens, permanent resident aliens, or Eligible Non-Citizens (DACA recipients). International students can apply for the Abe student loan with an eligible cosigner who is a U.S. citizen or permanent resident alien. The Abe student loan is not available to permanent residents of West Virginia.
6 NO PURCHASE OR PAYMENT NECESSARY TO ENTER OR WIN. Open to legal residents of the 50 U.S./D.C., age 18+, who are currently a student or parent of a student enrolled in an undergraduate program at an Eligible Institution. An “Eligible Institution” must be: (i) based in the United States; (ii) Title IV eligible according to data from the U.S. Department of Education; and (iii) categorized as a public or private school that offers bachelor’s degree program or higher according to the U.S. Department of Education, excluding for-profit schools (proprietary schools). Void outside the 50 U.S./D.C. and where prohibited. Sweepstakes starts at 12:00:01 AM ET on 6/1/25; ends at 11:59:59 PM ET on 9/13/25. Total ARV of all prizes: $20,000. Odds of winning will depend on the total number of entries received for each drawing. For full Official Rules, visit www.abestudentloans.com/birthday-scholarship-official-rules/. Sponsor: Monogram LLC, 200 Clarendon Street, 20th Floor, Boston, MA 02116.
7 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 8/11/2025. 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 #1 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 #1 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 (see footnote #9 for details).
8 The grace period is generally six months. The grace period begins on the earlier of the date (a) the student borrower graduates, (b) the student borrower ceases to be enrolled, or (c) that is 60 months from the first disbursement date, but in no case, earlier than six months after the first disbursement date. The immediate repayment option does not have a grace period. The extended grace period is generally six months. The extended grace period begins on either (a) the day following the initial grace period, (b) the first day of delinquency during the repayment term, or (c) the due date of the current level bill. To be eligible for the extended grace period, the loan cannot have entered the repayment term more than ninety (90) days prior to the date the Servicer receives the request for payment relief. The Immediate Repayment option does not have an extended grace period. The repayment term will be extended month-for-month for the number of months of extended grace applied to the loan.
9 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.
10 A cosigner may be released from the loan upon request to the Servicer, provided that the student borrower has met certain credit and other criteria, and 12 consecutive monthly principal and interest payments or lump sum payments equal to 12 monthly principal and interest payments have been received by the Servicer during any 12-month period. While a loan is in a reduced repayment plan or while a request for a reduced payment plan is pending, borrowers are not eligible to apply for cosigner release.
11 While the student borrower is enrolled at an approved school and during the grace period after graduating or separating from school, loans with the (a) Full Deferment Repayment option will have principal and interest payments deferred, (b) Flat Payment Repayment option will have principal payments deferred while monthly $25 interest payments are due, and (c) Interest Only Repayment option will have principal payments deferred while monthly interest payments are due. The total initial deferment period may not exceed sixty (60) months from the first disbursement date, plus the program specific grace period. Any accrued and unpaid interest may be capitalized (added to the unpaid principal loan balance) when repayment of principal and interest begins. There are no prepayment penalties. Making interest only or partial interest payments will not reduce the principal balance of the loan (see footnote #3 for payment examples).
12 The minimum loan amount is $1,000, except for (a) student applicants who are permanent residents of Iowa in which case the minimum loan amount is $1,001, and (b) student applicants or cosigners who are permanent residents of Massachusetts in which case the minimum loan amount is $6,001. The maximum loan amount to cover in-school expenses for each academic year is determined by the school’s cost of attendance, minus other financial aid, such as federal student loans, scholarships, or grants. The loan amount must be certified by the school. The loan amount cannot cause the aggregate maximum student loan debt (which includes federal and private student loans), on an undergraduate or graduate loan to exceed $225,000 per applicant (on cosigned applications, separate calculations are performed for the student and cosigner). On a specialty graduate loan (Dental, Medical, Healthcare, Law and MBA) the loan amount cannot cause the aggregate maximum student loan debt to exceed $350,000.