Lender/Contact Information Interest Rate
Formula		 Current
Interest Rate		 Fees Cumulative
Borrowing Limits		 Repayment Incentives

Wells Fargo Bank
 Collegiate Loan
877-699-5444
 http://wfefs.wellsfargo.com/jump/ia/briarcliff_alt.html 		Prime + 0% to 5.99%depending on credit score and cosigner 6.00% to 11.99% depending on credit None ∙ Annual: Cost of attendance
  less other financial aid;
  $1,000 minimum
∙ $500 minimum for repeat borrowers
∙ Aggregate: $120,000		 ∙ Most undergraduate students will need a creditworthy cosigner; cosigner must be
  a U.S. citizen/permanent resident with a U.S. address; Income of $12,000 required.
∙ Repayment begins six months after graduation or ceasing enrollment
∙ Hardship deferments available
∙ Immediate, deferred and interest-only repayment options
∙ Up to a 15-year repayment term
∙ 0.25% interest rate reduction for auto-debit payments (0.50% from a Wells Fargo
  checking and savings account)
∙ 0.50% interest rate reduction after the first 48 consecutive on-time payments
∙ 0.50% interest rate reduction upon graduation
∙ Cosigner release option after the first 24 consecutive on-time payments, upon
  borrower credit check




Chase Bank
 1-866-306-0868
www.chase.com
Lender Code: 803000

Chase's Lowest Cosigned Rate
LIBOR (1.32%)+ 3.65% = 4.97%

Chase's Highest Cosigned Rate
LIBOR (1.32%) + 10.25% = 11.57%

 Interest rates and indices shown above exclude the impact of the ACH discount. The new margins shown above are effective June 5, 2009, and are subject to change. The LIBOR index adjusts quarterly, based on the 3-month LIBOR Index as published in The Wall Street Journal, 15 days prior to the beginning of each calendar quarter.

ZERO fees

Undergraduate $120,000

 

 
  • Undergraduate or graduate students enrolled in a degree or certificate program. U.S. citizen or permanent resident. Must be the age of majority at the time of loan application (19 in Nebraska and Alabama, 21 in Mississippi and Puerto Rico). Students can be enrolled full time, half time or less than half time.
  • Borrowers will receive a 0.25% interest rate reduction if they enroll in and make payments through an auto-debit payment program.
  • Student borrowers can request to have their cosigners released from the loan once 36 consecutive monthly, on-time, principal and interest payments have been made.
  • Borrowers do not incur any pre-payment penalties.
  • Borrowers can choose their own repayment option: in-school deferred, interest-only repayment or immediate repayment.
  • Borrowers can use funds to pay for tuition, living expenses, books and a computer up to the amount certified.

 

900905 – Sallie Mae Education Trust
Guarantor Code – 002 (HICA)
Loan Program Code - 092

Phone Number - (888) 2-SALLIE
(888-272-5543)

Web Site  - www.salliemae.com

 Interest rates are variable, based on the one-month LIBOR rate.

-One eligible individual:  The interest rate is based on the One-month LIBOR + 5.75% to one-month LIBOR +11.5% (APR: 6.12% to 12.49%).*

-Two eligible individuals:  The interest rate is based on the One-month LIBOR + 5.75% to one-month LIBOR +10.5% (APR: 6.12% to 11.47%).*

*The Annual Percentage Rate (APR) is a variable rate and will increase if the one-month LIBOR rate increases. The APRs shown are APRs effective as of 6/25/09.

See interest rate formula

 • Origination Fees: 0-3%

• Zero Repayment Fees.

• Min: $1000

• Max: Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.

• Pricing that rewards good credit

• Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate

• The borrower may apply for cosigner release after successful completion of their education1

• A 0.25 percentage point interest rate reduction is available for automatic debit2

• A 0.25 percentage point interest rate reduction is available if the borrower provides a valid e-mail address and elects to receive all servicing communications via e-mail3

• Pay a little now, save a lot later—students graduate with less debt with the Sallie Mae Smart Option Student Loan which features interest-only payments while the borrower is in school to avoid capitalized interest

• Required interest-only payments for in-school period including separation period (formerly known as grace). Principal and interest payments required after separation period.

Visit www.SallieMae.com/SmartTerms for important information about these benefits.

 

U.S. Bank
 Gap/ No-Fee Education Loan
800-242-1200
www.usbank.com		 No Fee Prime Rate + 0% to 1.95% or Prime + 3.25% depending on credit as of 5/1/09

 
∙ No-Fee: 6% to 9.95% depending on credit		  
∙ No-Fee: None		 ∙ Annual: Cost of attendance
  less other financial aid;
  $1,000 minimum;
∙ Aggregate: $120,000		 ∙ Cosigner not required in some cases, but highly recommended; cosigner must be a U.S. citizen/permanent resident with a U.S. address
∙ Standard, graduated and/or income sensitive repayment plans
∙ Up to a 15-year repayment term
∙ Forbearance available
∙ Graduated and income sensitive payment options
∙ 0.50% interest rate reduction for auto payments

The staff of the Financial Aid Office (FAO) chooses lenders for our lender list based on: commitment to quality service for students and financial aid staff, quality products and electronic processing capabilities.

Students are not required to use a lender on this list. Students considering a lender not on this list should contact the FAO before applying for any type of supplemental loan.