Private Loan lender list

Lenders Special  Benefits/Incentives Apply Now
SunTrust
866.763.6350
suntrusteducation.com/aaloannelnet

Eligibility of
Borrower
or Co-signer:
  • U.S. citizen or permanent resident
  • Undergraduate or graduate student enrolled at least half-time
  • Resident aliens (with VISA) with U.S. citizen or permanent resident cosigner
Apply now!
Interest Rate:
  • Rates as low as one-month London Interbank Offered Rate (LIBOR) + 2.50%, currently 4.4160% APR1
  
Loan Fees:
  • There are no upfront or origination fees on the Academic Answer loan. However, repayment fees may apply based on borrower’s or cosigner’s credit history.
  
Discounts and Benefits:
  • Graduation Reward- $300 Principal Reduction per loan with proof of graduation.
  • 0.25% interest rate reduction for automatic withdrawals2
  • Cosigner release available3
  • Defer payments while in school
  • 6 month grace period
  • Satisfactory Academic Progress not required
  • Forbearance options available after graduating or leaving school
  • No prepayment penalty
 

 
 
1.800.658.3567
http://www.wellsfargo.com/student

Eligibility of
Borrower
or Co-signer:
  • Creditworthy and income requirement or co-signer
  • Student can be less that half-time
Apply now!
Interest Rate:
  • Start at Prime + 0%
 
Loan Fees:
  • None
 
Discounts and Benefits:
  • 0.50% Immediate interest rate reduction at repayment for making automatic payments from a Wells Fargo checking or savings account or 0.25% from a non-Wells Fargo account
  • 0.50% interest rate reduction after making the first 48 consecutive on-time monthly payments
 
 
1.800.967.2400
www.studentloanonline.com

Eligibility of
Borrower
or Co-signer:
  • Flexible credit evaluation guidelines
  • Positive credit history
  • U.S. citizen or permanent resident
  • International students may apply with an eligible U.S. citizen or permanent resident co-signer
  • At least 18 years of age • May be enrolled less than half-time, half-time or full-time status
Apply now!
Interest Rate:
  • Prime minus 0.50%
 
Loan Fees:
  • None
 
Discounts and Benefits:
  • .25% interest rate reduction for auto debit (must enroll and only receive statements electronically)
  • 0.50% interest rate reduction when you make your first 48 consecutive monthly payments on time
  • Co-signer release option Loans can be certified for balances incurred within the last 12 months
 
 
1-866-306-0868
www.chasestudentloans.com

Eligibility of
Borrower
or Co-signer:
  • U.S. citizen or permanent resident
  • International students may apply with a U.S. citizen co-signer
  • May be enrolled full-time, half-time, or less than half-time
  • No income requirement
Apply now!
Interest Rate:
  • Prime minus 0.50% to Prime + 5.75%
  
Loan Fees:
  • None
  
Discounts and Benefits:
  • .25% interest rate reduction for auto-debit payments (auto debit)
  • .25% interest rate reduction for choosing immediate or interest-only repayment option
  • Co-signer release after 36 consecutive on-time payments
  • May use loan for up to 12 months of past due balances
 
 

This chart is intended to be a guide used for comparison purposes only. The information provided in this document has been gathered from publicly available sources and is believed to be accurate as of the time of this printing. It is neither an offer to lend nor a predictor of lenders' future terms. You should refer to eauto debit lender's loan application and promissory note for exact information regarding terms, conditions, eligibility and Annual Percentage Rate (APR).


1 LIBOR stands for London Interbank Offered Rate. The one-month LIBOR is the Current Index, as published in the "Money Rates" section of The Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the one-month LIBOR index changes. Your variable interest rate is calculated by adding the current one-month LIBOR index (captured on the 25th business day of each month and rounded up to the nearest 1/8th of one percent) to your margin. The current one-month LIBOR index was 2.500% on 6/1/08. This APR example assumes a $6,500 undergraduate, cosigned, loan disbursed over two transactions with a deferment period of 45 months upon initial disbursement and a six month grace period upon graduation, a 20 year repayment term with no repayment fees, and a 2.50% margin. Margins can range from 2.5% to 8% and repayment fees can range from 0% to 4% both depending upon your or your cosigner's credit history.

2 The 0.25% rate reduction is available to borrowers who arrange with their servicer to automatically deduct monthly payments from their personal bank account.

3 The cosigner can be released from liability after the first 48 initial, consecutive payments are made on time. Borrowers must meet credit guidelines at the time the cosigner release is requested.

Check with the lender for details and conditions regarding eligibility for special benefits or incentives.

The information on this Web page was gathered on behalf of the school’s Financial Aid Office and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.