PREFERRED PRIVATE EDUCATIONAL LOAN PROGRAMS
LOAN PROGRAM ELIGIBLE BORROWERS
Undergraduate or graduate students enrolled at least half-time. No SAP required. Enrollment in a degree or certificate program not required. Undergraduate or graduate students. Can be less than half-time. No SAP required. International students need credit-worthy US Co-signer. Not required, but recommended for obtaining a lower interest rate.
CO-SIGNER NEEDED?
Not required, but always recommended to increase your chances of obtaining a lower interest rate.
LOAN LIMITS
INTEREST RATES
As low as LIBOR plus 2.0%.
LOAN FEES
REPAYMENT FACTS
Various options. Does not require repayment while in school. 6-month grace period. Up to 20 years to repay.
OTHER FEATURES
$300 Principal Reduction PER LOAN at graduation. Reduction in interest rate for automatic debit payments. Co-signer release program. 0.25% interest rate reduction for direct debit. Can be used for past due balances within 12 months—no current enrollment required. Co-borrower release program. Can be used for past balances within 1 year. Reduction in interest rates for auto-debit and first 48 on-time payments. Co-borrower release program. Reduction in interest rate for automatic electronic payments. Cosigner release program. Can be used for past balances up to 180 days.
Academic Answer by Sun Trust 1-866-763-6351 { HYPERLINK "http://www.suntrusteducation.com /academicanswer" }
Cost of education minus financial aid annually— $1,001min, no annual maximum. Aggregate limits: $75,000 for undergraduate, $150,000 for graduate. Cost of education minus financial aid annually— $500 min. Aggregate limit: $120,000 Undergraduate, $180,000 Graduate.
No origination fees or up-front fees. A repayment fee may apply (0% - 4%) based on the borrower’s or cosigner’s credit history.
Chase Select Loan 1-866-306-0868 { HYPERLINK "http://www.chaseselectloans.com" }
As low as Prime minus 1.00% to Prime plus 5.50% with co-signer. Prime minus 0.50% to Prime plus 6.00% with no co-signer.
No origination or repayment fees.
Various repayment options. 6 month grace period. Up to 20 years to repay for amounts up to $30,000 and up to 25 years for $30,000 or more.
Citibank CitiAssist Loan 1-800-967-2400 { HYPERLINK "http://www.studentloan.com/" } schools/holyfamily
Any undergraduate or graduate student. Can be less than half-time. No SAP required.
Yes, for international students and most undergraduate students. No, for borrowers with positive credit history.
Cost of education minus financial aid annually— no min or max. Aggregate limit: $120,000 Undergraduate, $150,000 Graduate.
As low as Prime minus 0.50% to Prime plus 4.75% depending on credit and co-signer.
As low as 0% to 5%.
Choice of repayment options. 6 month grace period. Forbearance available. Up to 20 years to repay.
Sallie Mae Signature Student Loan 1-800-695-3317 { HYPERLINK "http://www.salliemae.com/signatu re/slma" }
Undergraduate or graduate students CAN be less than half-time. NO SAP required.
Yes, for international students. Creditworthy co-signers may help students get a lower interest rate.
Cost of education minus financial aid annually— $1,000 minimum. Aggregate limit for all education loans: $Cost of education minus financial aid received.
As low as LIBOR plus 2.5%.
No fees.
Various options. 6 month grace period. Standard repayment terms 15 years. Up to 30 years depending on amount borrowed.
This loan information is subject to change. Please refer to the lender’s web site for the most up to date information. OTHER FINANCING OPTIONS: *The Federal PLUS is a loan that allows parents to borrow the difference between the cost of education and any financial aid received by their undergraduate student. PLUS are available through participating lenders. *For some families, borrowing a low-interest home-equity loan is a convenient way to help to finance their child’s education. Generally, interest paid on these loans is tax deductible. *The Business Office offers a deferred tuition payment plan to aid in budgeting tuition payments. You can contact them at 215-637-5321 for additional information. *Many pension plans allow the holder to borrow against the value of their pension at low interest rates. *Many whole life insurance policies allow the policyholder to borrow against the cash value of the policy at low interest rates.