Continuing Traditional Undergraduates
Types of Aid:
Grants and Scholarships | Student Employment | Financing Options
Private Education Loan Lenders for Undergraduate Students, 2007-2008
For the latest information about these recommended loans, please contact the lenders directly.
Lender
(links to Web sites) |
Total Higher Education (T.H.E.) |
Citibank |
Wells Fargo |
Education Finance Partners |
| Loan |
T.H.E. Private Loan |
CitiAssist |
Collegiate Loan |
Private Student Loan |
Rates*
(Visit the current Prime and LIBOR rates on BankRate.com) |
as low as
3-Month LIBOR + 2.8
with a built in monthly credit equal to 1% annual savings
|
Prime - 0.5%
Prime + 4%% |
Prime + 0%
to
Prime + 4.5% |
3 Month LIBOR + 1.8%
to
3 Month LIBOR + 10% |
| Fees |
None |
None |
None |
No origination fees
Repayment fees may exist for lower credit tiers |
| Annual Loan Limits |
Minimum: $100
Maximum: $15,000 |
Minimum: None
Maximum: cost of attendance minus aid |
Minimum: $1,000
Maximum: cost of attendance minus aid |
Minimum: None
Maximum: cost of attendance minus aid |
| Aggregate Limits |
$75,000 |
$120,000 |
$120,000 |
None |
| Cosigner |
Not Required |
Not Required |
Required unless student provides proof of income |
Not required, no income requirement |
| Repayment |
15 Years |
20 Years |
15 Years |
20 Years |
| Grace Period |
6 Months |
6 Months |
6 Months |
6 Months |
| Other Benefits |
During repayment, the borrower is given an immediate 1.0% monthly credit. T.H.E. is a nonprofit organization. |
0.25% interest rate reduction with auto-debit. The student may borrow funds to pay a past due balance incurred up to 12 mos. prior. |
0.25% - 0.5% interest rate reduction with auto-debit |
0.25% interest rate reduction with auto-debit. The student may borrow funds to pay a past due balance incurred up to 12 mos. prior. |
|
