Grad-Plus Lender Recommendations
International Alternative Loan Lender Recommendations
Stafford Lender Recommendations
Last update 8/14/2008
| Grad Plus Lender List | CHASE |
CITIBANK |
NATIONAL CITY |
SALLIE MAE |
|---|---|---|---|---|
Guarantor |
Texas Guaranty |
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| Loan Information | ||||
| Apply Online | ||||
| Interest rate | 8.5% fixed for life of the loan |
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| Repayment Rate | 8.5% fixed for life of the loan |
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| Aggregate Loan Limit | Cost of Attendance Minus Other Financial Aid | |||
| Origination Fee | 3% |
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| Repayment Benefits |
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| Guarantee Fee |
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. |
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. |
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. |
Texas Guaranty will pay down the 1% fee; no fee assessed to PSOM students. |
| Capitalization | Occurs on accrued interest at the end of forbearance, deferment, or grace as the borrower enters repayment. |
Occurs once after uninterrupted periods of in school and other authorized deferment periods. |
Occurs once at repayment. Interest is not capitalized during deferment or forbearance. |
Occurs once after uninterrupted periods of in school and other authorized deferment periods. |
| Contact Customer Service | (877) 744-2633 |
(866) 515-8352 |
(800) 377-9095 |
(800) 233-7575 |
* 7.5% interest rate. Albany Program provides University of Chicago borrowers a 1% interest rate reduction from the federal staturory rate of 8.5%. The lower interest rate is applied upon the first disbursement for the life of the loan. This borrower benefit cannot be 'lost' by the borrower.
** GradPLUS rate is fixed at 7.65% for all borrowers beginning at disbursement and remains fixed through the life of the loan.