The following
alternative loan comparison chart includes some of the lenders that
offer private, non-federally funded student loans. For a more extensive
list, click here. |
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| Loan Company | Chase ChaseSelectLoans.com 866.306.0868 |
Campus Door campusdoor.com/StudentLoan 800.786.0002 |
CitiBank studentloan.com 800.692.8200 |
Sallie Mae salliemae.com/signature 888.272.5543 |
US Bank usbank.com/ studentloans 800.242.1200 |
Wells Fargo wellsfargo.com 800.658.3567 |
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| Program Name | Chase Select | Alternative Loan | CitiAssist | Signature Student Loan | No Fee Education Loan | Collegiate Loan | ||
| Class of Students | Undergrad, Grad | Undergrad, Grad | Undergrad, Grad | Undergrad, Grad | Undergrad, Grad | Undergrad, Grad | ||
| Co-signer required? | No, but may receive lower rates with a qualified co-signer | No | Not if borrower is credit-worthy and meets income requirements | Not if borrower is credit worthy |
Not if borrower is credit worthy |
Not if borrower is credit-worthy and meets income requirements | ||
| Loan in whose name? | Student | Student | Student | Student | Student | Student | ||
| Degree program Required? | Degree or certificate | No | No | Yes | Yes | Yes | ||
| Minimum Enrollment | Full-time, half-time or less than half-time | At least half-time |
full-time, half-time, or less than half-time | full-time, half-time, or less than half-time | full-time, half-time, or less than half-time | full-time, half-time, or less than half-time | ||
| Grace Period | 6 months | 12 months | 6 months | 6 months | 6 months | 6 months | ||
| Max. length of repayment period | Up to 25 years | Up to 25 years | Up to 20 years | 15 years standard, up to 30 years for higher aggregate loan balances. | Up to 15 years | Up to 20 years | ||
| Loan Fees | None | 0%-5% cosigned 3%-9% non-cosigned |
None | None | None | None | ||
| Interest Rate | Prime - 1% to Prime + 6% | Prime - 0.5% to Prime + 4.9% based on credit |
Prime - 0.5% to Prime + 4.75% based on credit | 1-Month LIBOR + 2% up to +7.7% | Prime + 0%, 1.95% or 3.95% based on credit | Prime +0%, 1.5%, 3.5%, or 4.5% depending on credit | ||
| Type of Interest | Variable, adjusted quarterly | Variable - Adjusted quarterly | Variable - Adjusted quarterly | Variable - Adjusted monthly | Variable - Adjusted Monthly | Variable - Adjusted Monthly | ||
| How often is interest capitalized | At repayment | At repayment | At repayment | At repayment | At repayment | At repayment | ||
| Minimum Loan Amount | $500 | $500 | None | $500 | $1,000 | $1,000 | ||
| Office of Student Financial Aid | UNI School Code: 001890 |