Private education loans, also called alternative loans, help fill the ...

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SETON HALL LAW Private Loan Lender Comparison Chart FEES/INTEREST RATES REPAYMENT TERMS OTHER FEATURES LawAchiever Loan® Key Education Resources® 745 Atlantic Avenue Suite 300 Boston, MA 02111-2735 1-800-539-5363 (1-800-KEY-LEND) www.Key.com/educate/grad Creditworthy student enrolled at least half- time. Must be a U.S. citizen, national, permanent resident or eligible non- citizen. Must be making satisfactory academic progress. Maximum: Cost of attendance less other financial aid. Minimum: $500. Aggregate: $150,000. Loan fees: $0. In-school interest rate is a variable rate adjusted quarterly based on the 3-month LIBOR plus 2.65%. Interest rate during repayment is based on the term chosen. 10 year term = 3-month LIBOR + 3.00%, 15 year term = 3-month LIBOR + 3.40%, 25 year term = 3-month LIBOR + 4.10%. 9 month grace period after borrower ceases half-time enrollment. Borrowers have 3 repayment periods to choose from. Each month, borrowers have the option of choosing payment tied to 10, 15, or 25-year repayment period. .25% rate reduction for auto debit. Select 2 Option : Interest only payments for the first two years available. Apply by phone: 1-800-539-5363 (1-800-KEY-LEND) Or online: Key.com/shulaw Quick credit decision available online. Deferment and forbearance options may be available. No prepayment penalty. LawAchiever BarLoan® available during final year of study. Law Access Loan Access Group P.O. Box 7400 Wilmington, DE 19803-0400 1-800-282-1550 www.accessgroup.org Creditworthy student enrolled at least half- time. Must be a U.S. citizen or eligible non-citizen. Must be in good academic standing. International students may apply for the Comprehensive Access Loan. Maximum: Cost of attendance less other financial aid. Minimum: $1,000. Aggregate: None. Loan fees: $0. Interest Rate (Based on credit history): As low as 3-month LIBOR +2.75% for those with the best credit history. Most other borrowers = 3-month LIBOR +3.95%. Those with marginal credit history = 3-month LIBOR + 6.45%. 9 month grace period after borrower ceases half-time enrollment. Up to 20 years to repay. No prepayment penalty. Flexible repayment plans that may include Interest-only repayment for the first 2 years. .25% interest rate reduction for automatic payments and .50% interest rate re duction after 48 consecutive on-time payments. Apply by phone: 1-800-282-1550 Or online: accessgroup.org Quick credit decision available. Deferment and forbearance options may be available. No prepayment penalty. Bar Examination Loan available during final year of study. LAWLOANS Private Loan Sallie Mae P.O. Box 59030 Panama City, FL 32412-9030 1-800-984-0190 www.salliemae.com/apply/ borrowing/lawloans.html Creditworthy student enrolled at least half- time. Must be a U.S. citizen or eligible non-citizen. International students eligible with a US citizen or non-citizen permanent resident cosigner. Maximum: Cost of attendance less other financial aid. Minimum: $500. Aggregate: None with a co- borrower, $150,000 without a co-borrower. Disbursement Fee: $0 Repayment Fees: Range from 0% to 5% Interest Rates are tiered, based on your credit, and are as low as Prime + 0% (when the student borrower and the co-signer are credit -worthy.) 9 month grace period after borrower ceases half-time enrollment. Up to 15 years to repay. Eligible borrowers may apply for a lengthened repayment term of up to 25 years. Apply by phone, fax, mail or online: www.salliemae.com/apply/ borrowing/lawloans.html. Must apply for a Federal Stafford loan before applying for LAWLOAN. (International students excepted). LAWLOANS Bar Study Loan available during final year of study. New Jersey Class Loan NJHESAA P.O. Box 538 Trenton, NJ 08625 1-800-792-8670 www.hesaa.org/ GradFixed/jsp/public/ GradFixedMarketing.jsp Must be a U.S. citizen or eligible non-citizen. Must be making satisfactory academic progress. Maximum: Cost of attendance less other financial aid. Minimum: $500. Aggregate: None. Administrative Fee: 2%. Fixed interest rate for all borrowers 6.5% (6.0% for auto-debit payments) 6.8% (deferred repayment). Variable rate: Up to 25 years to repay. Option 1: Pay principal and interest monthly. Option 2 : Defer principal and pay interest quarterly. Option 3: Principal and interest deferred while enrolled. Apply online at www.hesaa.org . Borrower must first complete the financial aid process and have their eligibility determined for Federal Stafford loans. No prepayment penalty. LOAN LIMITS LOAN PROGRAM LENDER BORROWER ELIGIBILITY Must have satisfactory credit history.
No income or employment requirements. Must be enrolled at least half-time. SETON HALL LAW Private Loan Lender Comparison Chart Federal Graduate PLUS Loan Applicants must not have adverse credit history. The credit score is not used in determining eligibility. Cost of Attendance less other financial aid. Aggregate: None 3% Origination Fee, may be subject to a 1% guarantee/insurance fee Fixed interest rate of 8.5% No grace period. Automatic in-school deferment. 10-year standard repayment term. Permitted in the Federal Loan Consolidation program. Students must submit a FAFSA. Contact the Financial Aid Office to apply.

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