Private Loan Fact Sheet

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Private Loan Fact Sheet Loan Program Loan Servicer Phone Website Borrower Eligibility of Borrower or Co-signer Annual Limits: Maximum Minimum Aggregate Limit Interest Rate Loan Fees Repayment Period Grace Period Discounts and Benefits CitiAssist ® Loan (800) 967-2400 * Apply and sign online at studentloan.com/westmont Student or Student and creditworthy 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 Cost of attendance less financial aid None Undergraduate: $120,000; Graduate: $150,000 Interest rate as low as Prime minus 0.50% None Undergraduate: up to 20 years
Graduate: up to 20 years 6 months – 0.25% interest rate reduction for auto debit.
– 0.50% interest rate reduction when the first 48 consecutive monthly payments are made on time. – Co-signer release is available.
– Loans can be used for balances incurred within the last 12 months.
– Receive a credit response in 3 minutes or less when you apply online at studentloan.com/westmont. – A free, no fee, checkless Citibank Access Account when you finance your education with a loan from Citibank. Bank of America Private Loan AES (800) 344-8382 www.bankofamerica.com/studentbanking Open to student and co-signer – Borrower and co-signer must meet bank’s credit criteria
– International students must apply with U.S. citizen or permanent resident – Enrolled at least half-time Cost of attendance less financial aid $1,000 Undergraduate: No limit; Graduate: $120,000 LIBOR + 2.70% in school
LIBOR + 3.55% in repayment 1.00% to 7.00% based on credit Up to 20 years 6 months – Apply online.
– Instant Credit Decision
– 0.25% with ACH debit from any checking or savings account.
– Co-borrower release option available after making 48 consecutive payments. – Life of loan servicing. Key Alternative Loan Great Lakes Higher Education Corporation (800) 539-5363 www.key.com/alternative Student and co-signer – Borrower at least half-time student
– U.S. citizen or national, permanent resident or eligible non- citizen possessing an original 1-151, 1-551 or 1-94 INS card Cost of attendance less financial aid $500 $125,000 3 month LIBOR + 3.30% co-signed
3 month LIBOR + 3.85% non-co-signed None 10 years for balances less than $15,000; 15 years for balances from
$15,000 to $60,000; 20 years for balances greater than $60,000 6 months after graduation, ceasing to be enrolled at least half-
time or leaving school – Easy and fast online application and approval process.
– Access 24/7, 365 days a year.
– Convenience of Master Loan eliminating student’s need to complete a new promissory note each time student borrows. – No prepayment penalty.
– Co-signer release after 48 consecutive on time payments.
– Student has an online account access to check account balances and status, update address information and make
online payments. * Information printed in this document was gathered from publicly available sources and is believed to be correct as of this printing. It is intended for use as an approximate guide for comparison purposes only. To ensure fully informed borrowing, you should refer directly to each lender's loan application and promissory note for exact information regarding terms, assumptions, conditions, eligibility, definitions and Annual Percentage Rate (APR).
Undergraduate (APR) Example: Each APR example is based on a $6,000 undergraduate loan with a 38-month deferral period followed by a 240-month repayment period and assuming a constant Prime Rate of 7.50%. Based on an interest rate of Prime minus 0.50% the APR would be 6.81% with a $56.83
monthly payment. Based on an interest rate of Prime + 4.00%, the APR would be 10.96% with a $87.29 monthly payment.
Graduate (APR) Example: Each APR example is based on an $8,000 graduate loan with a 27-month deferral period followed by a 240-month repayment period and assuming a constant Prime Rate of 7.50%. Based on an interest rate of Prime minus 0.50% the APR would be 6.89% with a $71.79 monthly
payment. Based on an interest rate of Prime + 4.00%, the APR would be 11.19% with a $107.39 monthly payment.
Interest rates may vary and are indexed to the Prime Rate as published in The Wall Street Journal. As of March 2, 2006, the published Prime Rate was 7.50%. The APR will increase if the Prime Rate increases and would result in higher monthly payments, an increase in the number of scheduled payments, or both.
For CitiAssist Loans, the interest rate charged is based on the applicant’s credit rating and the presence of a co-signer. The Prime minus 0.50% rate is available for loan applications received after April 1, 2006. Repayment term of up to 20 years is effective for applications received on or after
July 1, 2006. Co-signers may be released from a loan if the borrower has made the first 48 consecutive monthly payments on time, is creditworthy and is a U.S. citizen or permanent resident at the time the release is requested. Interest rate reductions and other benefits terminate upon loan delinquency or
default. Borrowers must continue to make monthly payments by the scheduled payment due date to retain the applicable benefit. We reserve the right to modify or discontinue benefit programs at any time without notice. Any termination or modification of the program will not affect the terms of loans
previously made. Borrowers may apply online at any time. The three-minute credit response is for applications submitted Monday to Friday from 7:00 a.m. to 11:00 p.m. E.T. Additional documentation and data verification may be requested for final loan approval. Visit studentloan.com for other terms and
conditions that may apply. Private Loan Fact Sheet Loan Program Loan Servicer Phone Website Borrower Eligibility of Borrower or Co-signer Annual Limits: Maximum Minimum Aggregate Limit Interest Rate Loan Fees Repayment Period Grace Period Discounts and Benefits Chase Campus One SM Undergraduate Loan (877) CAMPUS1 www.campusone.com Student and/or creditworthy co-signer – Undergraduate students enrolled at least half-time in a degree or certificate program – U.S. citizen or permanent resident
– International students or students who do not meet credit, income, and employment guidelines will need to apply with
an eligible U.S. co-signer Cost of attendance less financial aid $1,000 No aggregate limit with a creditworthy borrower or co-signer Rates from LIBOR Index + 2.99% to LIBOR Index + 5.45%
Interest rates are variable based on a 3-month average of the
one-month LIBOR Index, updated quarterly (As of January 2006
the LIBOR Index is 4.08%) Origination fees from 0.00% to 9.50%
Fees are added to loan principal Flexible repayment options – deferred, interest only, or immedi-
ate repayment.
20 years to repay (25 years for loans in excess of $40,000), subject
to a $25 minimum monthly payment. 6 months after graduation or once enrollment drops below half-time – A 1.50% fee reduction for interest-only or immediate repay- ment options. – 0.25% interest rate reduction for payments made directly from a bank account. – Co-signer release option.
– Interest capitalizes once at repayment.
– Loan can be used to cover past due balances.
– eSignature available April 2006. AES/PHEAA Campus Door Loan (800) 786-0002 www.campusdoor.com Student and/or creditworthy co-signer – U.S. citizen or eligible permanent resident
– Undergraduate student enrolled at least half-time Cost of attendance less financial aid $500 $120,000 for undergraduate students Prime + 1.00% 0.00%, 5.00% or 7.00% Up to 20 years 12 months after graduation – 0.25% interest rate reduction for auto debit (must enroll and only receive statements electronically). – 0.25% interest rate reduction when you make your first 48 consecutive monthly payments on time. – Co-signer release available.
– No prepayment penalties.
– Forbearance options available.
– Qualifies for UPromise program through AES.
– Student can establish online account access.
– Apply online and get a decision in less than a minute.
– Can cover past due balances up to 8 months in the past. Campus Door Wachovia Education Loan (800) 338-2243 www.wachovia.com/education Student and/or creditworthy co-signer – Students must have an acceptable residence, employment history, and a satisfactory credit history. If you personally cannot
meet our requirements, you may want to apply with an eligible
co-borrower to increase your chances of receiving this loan. $45,000 $500 None As low as Prime + 0.00% None Up to 25 years 6 months – Interest rate reduction of 0.50% available immediately upon repayment with auto debit. – No payments required for up to five years.
– Funds may be used for prior academic periods up to three years past due. ACS Rev. 6/06 - Qty. 1 - C17442
The Student Loan Corporation, a subsidiary of Citibank, N.A. © 2006 Citibank, N.A., Citibank is a registered service mark of Citigroup Inc.

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