Invest in your future with a student loan from the bank you trust.
Student aid, scholarships and grants don’t always cover the cost. That’s why M&T has loan options for your situation.
No matter where you are in your student loan journey, we are here to offer competitive loan options, educational resources, and guidance when you need it most.
Features included with every loan to pay for school-certified expenses.
Rate Discount Available
Qualify for a .25 percentage point interest rate reduction when you enroll and make monthly payments with auto debit
No Origination Fee
No origination fee or prepayment penalty
Choose the repayment option that’s best for you
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FINANCIAL EDUCATION CENTER
Financing Higher Education
Learn what to consider when financing higher education, preparing for graduation, and building a career.
Before starting, we recommend you (and your cosigner, if applicable) have the following information handy:
- Permanent address
- Social Security numbers
- School information
- Academic period of enrollment
- Requested loan amount
- Financial aid and scholarships you expect to receive
- Employment information
- Financial information
- Two personal contacts (other than your cosigner)
Decoding Financial Aid Offers
Using grants and scholarships to pay for college
Countdown to College
Got questions? We're here to help.
Do I need a cosigner?
Private student loans are credit-based, which means we will check your credit when you submit your application. Applying for an M&T Bank Undergraduate Student Loan with a cosigner may help your chances for approval. A cosigner is someone who shares responsibility with you for paying back the loan and is often a parent, but can be any creditworthy adult who is a U.S. citizen or U.S. permanent resident.
Why should I borrow for the entire school year?
Students can apply just once a year with a single credit check and funds are sent for each term directly to your school. You can cancel future disbursements as needed with no penalty. No additional interest is charged until money is sent to your school, so you can relax, knowing you've got the funds when you need them.
Do I need to be a full-time student to obtain an M&T Student Loan?
You can borrow to cover the costs at a degree-granting institution, even if you're not a full- or half-time student. The loan's flexibility makes it a good choice for many situations:
- Attending school full-time, half-time, or less than half-time
- Winter or Summer classes
- Study abroad
- Professional certification courses
- A U.S. citizen or permanent resident enrolled in a school in a foreign country
- Undergraduate & Graduate Loans: a non-U.S. citizen student, including DACA students, residing in and attending school in the U.S. (with a cosigner who is a U.S. citizen or U.S. permanent resident)
How long does it take to get an M&T Bank Student Loan?
It takes about 15 minutes to apply and get a credit decision. If you’re approved, you choose your undergraduate student loan options, accept your loan disclosure, and the loan is certified by your school. We send (disburse) the funds directly to the school. The process can take as few as 10 business days from application to disbursement.
When do I start paying back my student loan?
With the M&T Bank Undergraduate and Graduate Student Loans, you can select from three repayment options— you can choose to make payments while in school with monthly interest payments or with fixed $25 payments, or you can choose to defer payments until after school. No matter which option you choose, you have at least six months after you leave school (your grace period) before you begin to make principal and interest payments.
With the M&T Bank Parent Loan, borrowers can select from two repayment options — borrowers can choose to make monthly interest payments while the student is enrolled in school for up to 48 months, followed by monthly principal and interest payments for the remaining life of the loan or borrowers can choose to make monthly principal and interest payments while the student is enrolled in school and through the life of the loan.
As of July 22, 2021
to 11.23% APR
to 12.60% APR
to 12.99% APR
to 13.87% APR
Graduate Student Loan
to 11.64% APR
to 12.11% APR
- All loans and lines of credit and all terms referenced are subject to credit approval and other conditions. Other terms, conditions, fees and restrictions may apply.
- M&T BANK RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
- This information is for students attending participating degree-granting schools. M&T Bank Undergraduate Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
- M&T Bank Loans are funded by M&T Bank.
- Information advertised valid as of 05/01/2021.
- Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
- Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. M&T Bank reserves the right to approve a lower loan amount than the school-certified amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time.
- Interest is charged throughout the life of the loan—beginning with disbursement, during school, through any grace/separation period, and ending when the loan is paid in full. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. Payments may be required during the grace/separation period depending on the repayment option selected. Variable rates may increase over the life of the loan.