Private Loan lender list
| Lenders | Special Benefits/Incentives | Apply Now | |||||||||||||
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![]() 866.763.6350 suntrusteducation.com/aaloannelnet |
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1.800.658.3567 http://www.wellsfargo.com/student |
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1.800.967.2400 www.studentloanonline.com |
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1-866-306-0868 www.chasestudentloans.com |
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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. |
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