A welcome alternative for PreK-12 education financing.
  • One of the lowest fixed-rate education loan alternatives, free of fees and penalties.
  • Perfect option for financing your child's primary or secondary private education.
  • No need to pledge your assets or tie-up valuable home equity.
Fixed rates as low as
5.99% APR*
with AutoPay
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Your best experience guaranteed!

The Five Key Components of a PreK-12 Education Loan

When it comes to financing your child’s private PreK-12 education, there’s a lot for you to consider. What type of interest rate am I willing to pay? How much will I need to cover the costs? Is a home-equity loan a better option? We’ve outlined the five key components of private education loans for good to excellent credit customers.

Affordability: Private school is expensive enough. Don’t add to the costs by settling for a loan with an interest rate that reminds you of a credit card. Make finding an affordable loan the priority. LightStream offers low-interest PreK-12 loans with fixed rates starting at only * APR with AutoPay on loan amounts ranging from to .

Choice: At LightStream, we firmly believe your lender should have no say in where you send your child to school. So if your lender has any restriction whatsoever with regard to where or how you spend the funds from you PreK-12 loan, look elsewhere. At LightStream, you’ll find no such restrictions. Our loan is aptly named the AnythingLoan because you can use it to finance or refinance almost anything. Where and how you spend loan funds is up to you.

Top-flight Customer Experience: It’s our belief that borrowers with solid credit should be entitled to simple private education financing. No tricks, no hurdles, just a straightforward experience. That’s what you’ll get with LightStream. Complete your online application during business hours and you’ll get a response within minutes. If your application is approved, we can often deposit funds into the bank account of your choosing the very same day your loan application was initiated. We’re so confident you’ll be pleased with the experience that we back it up with a $100 Loan Experience Guarantee.

Freedom from Liens: LightStream's PreK-12 loans are unsecured, which means there are no collateral requirements, thus no time-consuming processes or paperwork. And there are no down payment requirements, prepayment penalties, or LightStream fees of any kind.

Paperless: Your child’s homework will give you all the paperwork you need. Your loan shouldn’t add to it. That’s why LightStream’s designed a nearly paperless, online loan. Simply fill out a brief online application. If approved, you can even sign your loan documents electronically. And just to show how serious we are about this whole saving paper thing, we plant a tree for every loan we fund.

College Education Loans from SunTrust

While college education loans are not available through LightStream, SunTrust Bank offers several programs and solutions for financing college. Visit SunTrust Education for more information and to apply today!


If you have additional questions about LightStream PreK12 Student Financing loans, please read our LightStream PreK12 Student Financing FAQs.


Current Annual Percentage Rates (APR)      April 16, 2014
Loan Purpose
Rates below are for LightStream's unsecured AnythingLoan for a PreK-12 education. Rates may vary and will be higher based on your credit profile. Applications meeting the excellent and substantial credit profile may qualify for the lowest rate below.
Loan Term (months)
Loan Amount
24 - 36 37 - 48 49 - 60 61 - 72 73 - 84
$5,000 to
$9,999
7.49% -
8.99%
8.74% -
9.99%
9.04% -
9.99%
N/A N/A
$10,000 to
$24,999
5.99% -
7.49%
7.24% -
8.74%
7.54% -
9.04%
7.84% -
9.34%
N/A
$25,000 to
$49,999
5.99% -
7.49%
7.14% -
8.64%
7.44% -
8.94%
7.74% -
9.24%
8.04% -
9.54%
$50,000 to
$100,000
5.99% -
7.49%
7.04% -
8.54%
7.34% -
8.84%
7.64% -
9.14%
7.94% -
9.44%
Loan Terms:
Excellent and substantial credit required for the lowest LightStream rate
•Fixed rate, simple interest installment loans, no fees or prepayment penalties
•Rates quoted with AutoPay option. Invoicing option is 0.50 points higher
•Loan proceeds may not be used to refinance any existing loan with LightStream
•Florida loans subject to Documentary Stamp Tax. The tax amount is not included in the quoted APR.
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* The APR listed is for an unsecured loan between $10,000 and $24,999 with a term between 24 and 36 months, for the purpose of Educational loan/refi, PreK-12. Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay repayment option. Rates under the Invoicing option are 0.50% higher. Monthly payments for a $10,000 loan at 5.99% APR with a term of 3 years would result in 36 monthly payments of $304.17. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

† You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 11:30 a.m. Pacific time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.