Preferred Lenders List for Private Loans

Private student loans are not subsidized by the federal government. Private student loans are to be used for education related expenses. Private student loan eligibility is based on the applicant’s creditworthiness. Eligibility is determined by the lender and amounts are limited to direct educational costs only. Contact your lender for specific terms and conditions.

Please note the student may choose any eligible lender and the University will process the student's request. The University Preferred Lenders list is reviewed quarterly, to include lenders that offer additional borrower benefits, have exceptional operating standards, possess technology wherewithal, and are committed to providing outstanding service and expedited processing by meeting or exceeding established performance standards. For additional information on method and criteria for selecting a preferred lender, please click here.

	Citibank CitiAssist Loan Phone: (800) 967-2400 Fax: (800) 723-2777	Sallie Mae® Signature Student Loan Phone: (888) 777-9959 Fax: (850) 767-7590	Wachovia Education Loan Phone: (800) 338-2243 Fax: (866) 565-4592	Wells Fargo Collegiate Loan Phone: (800) 658-3567 Fax: (800) 456-0561
E-signature available	Yes	Yes	Yes	Yes
School Certified Product	Yes	Yes	Yes	Yes
Single Disbursements	Yes	Yes	Yes	Yes
Product Details for Top Tiers
Eligibility Requirements	US citizen or permanent resident Foreign student with US citizen or permanent resident as a co-signer Borrower and/or co-signer is creditworthy Certificate and certain non-degree programs are eligible May borrow for loan period up to 12 months in the past, borrower does not have to be enrolled on date of school certification	US citizen or permanent resident Foreign borrowers must apply with a creditworthy citizen or non-citizen permanent resident co-signer Certificate and certain non-degree programs are eligible No income requirements Borrower and/or co-signer is creditworthy May borrow for prior balances if certified within 12 months of prior loan period end date Student or co-signer must meet credit criteria & provide documentation if applicable	US citizen or permanent resident Foreign students with a US citizen or permanent resident as a co-borrower Enrolled at least half time No income requirement Borrower and/or co-signer must have satisfactory credit ready For borrowers who qualify: may borrow for prior balances if certified within 36 months of prior loan period end date Certificate and certain non-degree programs are eligible	US citizen or permanent resident, or temporary resident Non-citizen with resident status and a valid SSN or taxpayer ID US co-signer required for permanent residents and temporary residents No income requirements Certificate and certain non-degree programs are eligible May borrow for prior balances if certified within 12 months of prior loan period end date
Annual Limits	Maximum: Total cost of education less other student aid Minimum: None	Maximum: Total cost of education less other student aid Minimum: $500	Maximum: Total cost of education less other student aid for borrowers who qualify Minimum: $500	Maximum: Total cost of education less other student aid up to a maximum loan amount of $25,000 Minimum: $1,000 for first time borrowers, $500 for repeat borrowers
Aggregate Lifetime Limits	$120,000 Undergraduate $150,000 Graduate	$100,000* Undergraduate $150,000* Graduate $150,000* Graduate Health Professions *Includes all student loan debt, federal and private	No aggregate limit for most $120,000 depending on credit standing and field of study	$100,000
Origination Fees	None	None	None	None
Repayment Fees	None	None	None	None
Interest Rates** As of April 2008: *PRIME 5.25%	PRIME minus 0.50% to +4.50% (4.75% to 9.75%)*	PRIME + 0% to 3.00% (5.25% to 8.25%)*	PRIME minus 0.50% to + 5.50% (4.75% to 10.75%)* Depending on creditworthiness, applicable tier, and use of a co-signer	PRIME + 0% to 6.00% (5.25% to 11.25%)* Depending on creditworthiness and applicable tier
Repayment Period	Undergraduate: 20 years Graduate: 20 years	Maximum 30 years depending on loan balance No pre-payment penalties	Maximum 25 years depending on loan balance	Maximum 12 years based on credit No pre-payment penalties
Grace Period	6 months after graduation or withdrawn status	6 months after graduation or withdrawn status	6 months after graduation or withdrawn status	6 months after graduation or withdrawn status
Repayment Benefits
Immediate Upon Repayment	Interest capitalized once at repayment	Interest capitalized once at repayment	Interest capitalized once at repayment	Interest capitalized once prior to repayment
Upon Consecutive Payments	0.50% interest rate reduction after the first 48 consecutive on-time payments Co-signer release after the first 24 consecutive on-time payments	Co-signer release after the first 24 consecutive scheduled monthly on-time payments	Co-signer release after the first 48 on-time payments	Co-signer release after the first 24 consecutive on-time payments 0.50% interest rate reduction after the first 48 consecutive on-time payments
Payment Options	In-school interest and principal deferment option available Interest only repayment option available	In-school interest and principal forbearance option No payments while in school Interest only repayment option Financial difficulty interest and principal forbearance	In-school interest and principal deferment option available Interest only repayment option available	In-school interest and principal deferment option available Interest only option available
ACH	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction with ACH automatic payment	0.50% interest rate reduction with ACH automatic payment	0.50% interest rate reduction with ACH automatic payment made from a Wells Fargo checking or savings account (0.25% from a non-Wells Fargo account)
Electronic Statements Required	Yes, for 0.25% ACH benefit only	No	No	No
On-time Payment	Payment on-time if made within 15 days from payment date to achieve and maintain the benefits	Payment on-time if made within 14 days from payment date to achieve and maintain the benefits	Payment on-time if made within 15 days from payment date to achieve and maintain the benefits	Payment on-time if made within 15 days from payment date to achieve and maintain the benefits

**Visit Bankrate.com for current rates on PRIME.

The lender reserves the right to modify, extend, or discontinue these benefits at any time without notice. Borrower benefits may be terminated in the event of a default or failure to
meet qualification criteria.

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