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

U.S. Bank
 Gap/ No-Fee Education Loan
800-242-1200
www.usbank.com
 Gap 91 day T-Bill + 1.71%

No Fee Prime Rate + 0% to 1.95% or Prime + 3.95% depending on credit

  		∙∙ Gap:  6.10% in school 7.10% in repayment
∙ No-Fee: 6% to 9.95% depending on credit		 ∙ Gap: 4% to 8% 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




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

Interest rates are variable, are based on the Prime Rate index and are updated each calendar quarter. The Prime Rate is determined each quarter (January, April, July and October) as published in The Wall Street Journal on the first day of the month preceding each calendar quarter. Rates vary depending on the creditworthiness of the borrower.

 Interest rates range from Prime minus 0.50% to Prime plus 6% (without a cosigner)

ZERO fees

Undergraduate $120,000

 

 
  • Deferred - Fully deferred principal and interest
  • Interest Only - Interest-only payments while the student is in school
  • Immediate - Principal and interest payments while the student is in school
  • 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.

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

 

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/signature

∙ Competitive pricing
that rewards creditworthiness

∙ One eligible borrower:  LIBOR + 2.5% to LIBOR + 9.5%

∙ Two eligible borrowers:  LIBOR + 2.5% to LIBOR + 8.5%

None

∙ Annual Loan Amount: Cost of education less financial aid

∙ 0.50% interest rate reduction when payments are made via auto debit.  100% of participating borrowers qualify!

∙ No income requirement

∙ Cosigner release available after the first 24 on-time payments of principal and interest

∙ Repayment begins 6 months after graduation

∙ One monthly billing statement for all loans owned and serviced by Sallie Mae

∙ 24x7 online account management with Manage Your Loans (www.ManageYourLoans.com)

∙ Sallie Mae’s Upromise Loan Link service can help students and families pay down student loans.

∙ Signature Loan can be used for past due balances for up to 180 days.

∙ Repayment term is 15 years, with option to extend up to 30 years for higher aggregate loan balances

∙ International students are eligible to apply with a credit worthy U.S. cosigner (must be a U.S. citizen or permanent resident) and applicable CIS documents

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.