| Lender | Interest | Fees | Repayment | Additional Information |
|---|---|---|---|---|
| Citizens Bank 888.2.SALLIE www.opennet.salliemae.com | 8.50% Fixed Interest Rate | 3% Origiantion Fee 1% Federal Default Fee | Repayment begins 60 days after disbursement; Delay repayment option for up to 48 months | 0.70% Rate Reduction with Auto Debit |
| Key Bank 800.KEY.LEND www.key.com/plus |
8.50% Fixed Interest Rate | 3% Origianation Fee 1% Federal Default Fee | Repayment begins 30 days after loan is fully disbursed; Loan can be repaid over 10 years | 0.70% Rate Reduction with Auto Debit |
| Wachovia 877.689.0763 www.opennet.salliemae.com | 8.50% Fixed Interest Rate | 3% Origiantion Fee 1% Federal Default Fee | Repayment begins 60 days after disbursment | 0.70% Rate Reduction with Auto Debit; 5 Repayment Options |
| Lender | Interest | Fees | Satisfactory Academic Progress (SAP) | Enrollment Requirements | Prior Owing Balances | Minimum Requirements | Repayment | Additional Information |
|---|---|---|---|---|---|---|---|---|
| Campus Door Loan 800.786.0002 www.campusdoor.com/studentloan |
As low as Prime Rate -0.50% to Prime Rate +6.9% | Origination fees as low as 0% to 9%; Fees are added to the total loan amount | Borrower must be making Satisfactory academic progress | Borrower must be 18; enrolled at least half-time | Up to eight months old for students | Minimum loan amount $500; Maximum lifetime aggregate loan amount $250,000 | 12 month grace period after graduation; 6 month grace if student is not enrolled on a half-time basis; 25 year repay depending on balance; additional options available | Interest rate reduction of -0.50% with auto debit; -0.50% rate reduction after 48 on-time payments; Cosigner release after 36 on-time payments |
| CT Family Education Loan Program (CTFELP) 1.888.538.7378 www.chesla.org |
Interest Rate 6.99% | Reserved 3% fee paid from the loan proceeds | Student must be making Satisfactory academic progress | Student must be enrolled at least half-time; students under the age of 18 call 888.538.7378 for application instructions | Loans are available for prior balance | Minimum loan amount $2,000; Maximum lifetime aggregate loan amount $125,000 | 6 month grace period after student leaves school; intrest only payments may be made while student is in school | No prepayment fees; principal and interest payable over an extended 140 month repayment term after grace period |
| Connecticut Student Loan Foundation (CSLF) 800.237.9721 Susie Mae Solutions Alternative Loan |
As low as Prime Rate to Prime Rate +4% | Reserved fees from 2% to 6% | Student must be making Satisfactory academic progress | Borrower must be 18; All students are eligible regardless of enrollment status | Loans are available for prior balance | Minimum loan amount $2500; $20,000 maximum annual limit; Maximum aggregate loan amount $100,000 | Students that are at least half-time repayment begins 6 months after graduation or dropping below half-time; Part-time students repayment begins 60 days after disbursement | 0.25% Interest Rate Reduction with Auto Debit; Co-Borrower release available during repayment; |
| Key Alternative Education Loans 800.KEY.LEND www.key.com/Alternative |
As low as 3 month LIBOR (London Interbank Offered Rate) of +2.99% to 3 month LIBOR +7.99% | Zero Fees | Student must be making Satisfactory academic progress | Student must be enrolled at least half-time; Degree seeking | N/A | Minimum loan amount $500; Maximum loan amount $125,000 for all combined undergraduate and graduate | 6 month grace period graduation, droping below half-time or withdrawing; up to 20 years to repay depending on loan balance | No perpayment fees; repayment of the loan may be deferred for in-school deferment of 46 months; Cosigner release option after 48 on-time monthly payments |
| Nelnet Education Certified Loan 866.930.1541 www.nelnet.com |
As low as Prime Rate -0.5% to Prime Rate +7.9% | Origination fees as low as 0% to 9%; Fees are added to the total loan amount | Borrower must be making Satisfactory academic progress | Borrower must be 18 at time of application; enrolled at least half-time | Up to eight months old for students that are enrolled at least half-time or have graduated | Minimum loan amount $500; Maximum lifetime aggregate loan amount $250,000 | 12 month grace period after graduation; 6 month grace period after dropping below half-time; Forbearnce of up to one year |
Interest Rate Reduction of -0.5% with auto debit; -0.5% Interest Rate Reduction after 48 on-time payments |
| Sallie Mae Signature Loan 800.708.6684 www.salliemae.com/signature/citizens |
As low as 1 month LIBOR (London Interbank Offered Rate) of +2.50% to 1 month LIBOR +9.50% | Zero Fees | No SAP Required | No mimimum Credit Hours, Degree or certificate seeking students | 180 Days after the last day of enrollment | Minimum loan amount $1,000; Maximum Cost of attendence less financial aid; lifetime aggregate loan amount $100,000 | 6 month grace period after student graduates or leaves school; 15 year repayment; can be extended up to 30 years fixed payments depending upon loan balance; In school forbance up to 48 months there is no fee; Forbearnce for up to 6 months fees may be assessed | Interest rate reduction of -0.50% with auto debit; Cosigner release after 24 on-time payments (borrowers must meet applicable credit requirments at that time; |
| Wells Fargo Collegiate Loan 800.658.3567 www.wellsfargo.com/student |
As low as Prime Rate + 0.00% to Prime Rate + 5.99% | Zero Fees | No SAP Required | No mimimum Credit Hours, Degree or certificate seeking students | N/A | Maximum Loan amount Cost of Attendance - other aid | 6 month grace period; up to 15 years to repay | N/A |
Rates and Benefits as of July 1, 2008 |
Rates and benefits are subject to change without notice |