iHelp® Student Loans

Think offers higher education loans through iHelp®. These student loans are available to help pay education expenses after federal student loans, scholarships and grants have been awarded.

Features & Benefits:

  • No loan origination, application, or prepayment fees.
  • No payments are required while the student is in school.
  • Loans are available for the total of education expenses as certified by the school, less other aid awarded.
  • An interest rate discount may be available if payments are made with automatic debit.
  • Interest that accrues while the student is in school will be added to the loan only once, when the loan enters repayment.
  • Cosigners generally help a student qualify for a loan and possibly a lower interest rate. Most students apply with a credit worthy cosigner.
  • Upon request and after 24 months of on time payments, the cosigner may be released from the loan. Additional criteria may apply.


  • The student must be enrolled at least half time at an eligible institution.*
  • The student must be a U.S. citizen or permanent resident.
  • Cosigners are not required, but generally help a student quality for a loan and possibly a lower interest rate.**

To qualify without a cosigner, a student will need a minimum of:

  • Verifiable income of $2,000 per month for the past 2 years.
  • Ability to pass a credit review and have no prior student loan defaults.

How to apply:

To apply for a private student loan via iHelp® click here.

For additional information about loans available via the iHelp® program or information about planning for higher education costs, call us at 1-800-288-3425.

* To be an eligible institution, a school must be an accredited, public or private non-profit, two, four or five year degree granting institution with a U.S. Department of Education Cohort Default Rate of less than 10%.

** The cosigner will be required to repay the loan if for any reason the student is unable to do so.

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Insurance products are offered through Think Insurance (MN license # IA-538), not Think Mutual Bank. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. This is not a policy. For a complete statement of coverages and exclusions, please see the policy contract.

The financial advisors of Think Financial Planning offer securities and advisory services through Commonwealth Financial Network®, member FINRA/SIPC, a Registered Investment Adviser. Investments are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Funds are subject to investment risks, including possible loss of principal investment. Think Mutual Bank is not a registered broker-dealer or Registered Investment Adviser. Think Mutual Bank and Commonwealth are separate and unaffiliated entities. Fixed insurance products and services offered by CES Insurance Agency, Think Insurance, or Think Financial Planning. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901. Check the background of this firm on FINRA's BrokerCheck.

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