| Lender |
Borrower |
Min. Loan Amount |
Max. Loan Amount |
Interest Rate* |
Eligibility/Credit Requirement |
Repayment/Deferment Forbearance |
Other Features |
|
Citibank
www.studentloan.com/citiassist
1.800.student
|
Undergraduate
Graduate
|
$1,000 |
Cost of attendance, less other aid |
3 Month Libor + Points |
* Credit Based / Co-signer
* Optional but may lower fees and/or interest rate
* Enrolled at least half time for graduate/undergraduate
* Enrolled at least part time for graduate/undergraduate |
* Deferred in school
* Others available
* Repayment 6 months after separation
|
* Up to 20 year repayment
* 0.25% interest rate reduction with electronic payments
* Online account management
* Online application with immediate credit response
* No loan minimum after initial loan
* School certification required
|
|
Sallie Mae
www.salliemae.com/smartoption
1.800.824.7044
|
Undergraduate
Parent
Graduate Business
Continuing Education
|
$1,000 |
Cost of attendance, less other aid |
1 Month Libor + Points |
* Credit Based/ Co-signer
* Optional but may lower fees and/or interest rate
* Available for less than half time
|
* Interest only payment required while in school
* Others available
* Repayment 6 months after separation |
* Up to 15 year repayment
* 0.25% interest rate reduction with electronic payments
* 0.25% interest rate reduction when signed up for electronic billing
* Online account management
* Online application with immediate credit response
* Co-signer release option
* School certification required |
|
Wells Fargo
www.wellsfargo.com/student
1.800.658.3567
|
Undergraduate
Graduate
|
$1,000 |
Cost of attendance, less other aid (1) |
Prime + Points |
Collegiate:
*Cosigner required, unless the student meets the credit history, income and employment requirement
*Enrollment at least part time
*Not required to make satisfactory academic progress
Graduate:
*Cosigner optional
*Enrolled at least part time
*Must be in good standing and be making satisfactory academic progress |
* Deferred in school
* Others available
* Repayment 6 months after separation |
* Up to 15 year repayment
* 0.25% interest rate reduction with electronic payments
* 0.50% with confirmation of graduation
* Students not meeting Satisfactory Academic Progress are eligible |
Terms are subject to change without notice. National-Louis recommends you use up all of your FFELP eligibility before applying for an Alternative Student Loan. It is your right and responsibility to select your own lender. We recommend you choose a lender that meets your needs. If you would like a full list of alternative loan lenders, go to: http://www.simpletuition.com/certifiedprivateloans/home?WT.mc_id=130100.
* All interest rates are variable and are subject to change which may impact your monthly loan payment.
