Laurel Road‘s student loans are serviced through the Higher Education Loan Authority of the State of Missouri, also known as MOHELA, and the company is headquartered in New York City.
Laurel Road offers refinancing for undergraduate, graduate and certain associate degrees. In 2019, Laurel Road became part of KeyBank, which offers community and corporate banking services.
Laurel Road provides fixed- and variable-rate student loans without origination fees. The maximum interest rate on a variable loan with terms of five to 10 years is 9% and 10% for loans of more than 10 years. The terms are five, seven, 10, 15 or 20 years.
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