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Wells Fargo Bank
Collegiate Loan
877-699-5444
http://wfefs.wellsfargo.com/jump/ia/briarcliff_alt.html
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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 |
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Chase Bank
1-866-306-0868
www.chase.com
Lender Code: 803000
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Chase's Lowest Cosigned Rate
LIBOR (1.32%)+ 3.65% = 4.97%
Chase's Highest Cosigned Rate
LIBOR (1.32%) + 10.25% = 11.57%
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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.
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ZERO fees
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Undergraduate $120,000
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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.
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Borrowers will receive a 0.25% interest rate reduction if they
enroll in and make payments through an auto-debit payment
program.
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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.
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Borrowers do not incur any pre-payment penalties.
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Borrowers can choose their own repayment option: in-school
deferred, interest-only repayment or immediate repayment.
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Borrowers can use funds to pay for tuition, living expenses,
books and a computer up to the amount certified.
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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
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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.
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