| |
Access Group
www.accessgroup.org
(800)-282-1550
|
Chase
www.chasestudentloans.com
(800)-487-4407
|
Citbank
www.studentloan.com
(800)-967-2400
|
SallieMae Ed Trust
www.salliemae.com
(888)-2-SALLIE
|
Wachovia
www.wachovia.com/education
(800)-338-2243
|
| Lender code |
808851
|
803000
|
826878
|
802218
|
830005
|
| Loan type |
Federal Stafford Loans loans
|
Federal Stafford Loans
|
Federal Stafford Loans
|
Federal Stafford Loans
|
Federal Stafford Loans |
| Fees* |
1% Origination
1% Guarantee
|
1% Origination
1% Guarantee
|
1% Origination
1% Guarantee
|
1% Origination
1% Guarantee
|
0% Origination
1% Guarantee
|
| Interest rate |
6.8% fixed
|
6.8% fixed
|
6.8% fixed
|
6.8% fixed
|
6.8% fixed
|
| Grace period |
6 months
|
6 months
|
6 months
|
6 months
|
6 months
|
|
Deferment/Forbearance
option at repayment
|
Yes/Yes
|
Yes/Yes
|
Yes/Yes
|
Yes/Yes
|
Yes/Yes
|
| Incentive at repayment |
.25% interest rate reduction
|
.25% interest rate reduction
|
.25 % interest rate reduction and zero payments for your last six months,stafford loans only**
|
.25% interest rate reduction
|
.25 % interest rate reduction and 1% rebate of loan amount after first 12 on time payments
|
| |
|
|
|
|
|
| Loan type |
Federal Graduate
Plus
|
Federal Graduate Plus
|
Federal Graduate Plus
|
Federal Graduate Plus
|
Federal Graduate Plus
|
| Fees |
3% Origination
1% Default
|
3% Origination
1% Default
|
3% Origination
1% Default
|
3% Origination
1% Default
|
3% Origination
1% Default
|
| Interest rate |
8.5% fixed
|
8.5% fixed
|
8.5% fixed
|
8.5% fixed
|
8.5% fixed
|
| Grace period |
None
|
None
|
None
|
None
|
None
|
Deferment/Forbearance
option at repayment |
Yes/Yes
|
Yes/Yes
|
Yes/Yes
|
Yes/Yes
|
Yes/Yes
|
| Incentive at repayment |
.25% interest rate reduction
|
.25% interest rate reduction
|
.25% interest rate reduction
|
.25% interest reduction |
.25% interest rate reduction |
| |
|
|
|
|
|
| Private loan type |
CampusDoor
|
Chase Select
|
Law Student Loan
|
Law Loan
|
Wachovia Education Loan
|
| Fees |
0-9%
|
0%
|
0%
|
0%
|
0%
|
| Interest rate |
Variable
|
Variable
|
Variable
|
Variable
|
Variable
|
| Grace period |
12 months
|
6 months
|
6 months
|
9 months
|
6 months
|
| Loan Terms |
up to 25 years
|
20 years
|
15-20 years
|
15-30 years
|
up 25 years
|
Deferment/Forbearance
option at repayment |
No/Yes
|
No/Yes
|
No/Yes
|
No/Yes
|
No/Yes
|
| Incentive at repayment |
.50% interest rate reduction and
.50% interest rate reduction after 48 consecutive on-time payments
|
.25% interest rate reduction
|
.75% interest rate reduction
|
.50% interest rate reduction and
|
.50% interest rate reduction |
| |
|
|
|
|
|
| Private loan type |
Bar Exam Loan
(Temporarily suspended)
|
N/A
|
Bar Study Loan
|
Bar Study Loan
|
Bar and Board Study Loan
|
| Fees |
0%
|
|
0%
|
0%
|
0%
|
| Interest rate |
Variable
|
|
Variable
|
Variable
|
Variable
|
| Loan limits |
$20,000
|
|
$15,000
|
$15,000
|
$15,000
|
| Grace period |
9 months
|
|
6 months
|
9 months
|
9 months
|
| Deferment/Forbearance option at repayment |
No/Yes
|
|
No/Yes
|
No/Yes
|
No/Yes
|
| Incentive at repayment |
|
|
.75% interest reduction
|
.50% interest rate reduction
|
.50% interest rate reduction |
| |
|
|
|
|
|
| Do you work with ELM Resources? |
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
| Do you offer e-sign (electronic signature)? |
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
| Do you offer online debt management and budget resources? |
Yes
|
Yes
|
Limited
|
Yes
|
Yes
|
| Can I access my account online? |
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
| Do you sell your loans? |
No
|
No
|
No
|
No
|
Yes
|
| What do you offer if my payment is late or I miss a payment? |
N/A
|
N/A
|
Unlimited benefit recovery option by making the next 24 monthly consecutive payments on time |
N/A
|
Re-earn benefit by making 12 on time payments or financial literacy tutorial |
| Do you offer a co-sign release option on your private loan products? |
Yes
|
Yes
|
Yes
|
Yes
|
Yes
|
| Do you offer borrower benefits? |
Automatic in-school deferment.
|
Automatic in-school deferment; combined billing for Chase federal and private loans
|
Automatic in-school deferment; combined billing for Citibank federal and private loans
|
Automatic in-school deferment; combined billing for Salliemae federal and private loans
|
Automatic in-school deferment
|
| The terms and conditions above are subject to change without notice. You should contact your lender for additional information on products and services; current interest rates and eligibility requirements. |
