| $ |
FEDERAL PLUS LOAN
(various lenders) |
ACCESS GROUP
|
BREMER BANK
EDUCATION
LOAN
|
CITIBANK CITIASSIST LOAN
|
STATE OF MN SELF LOAN
|
U.S. BANK GRADUATE EDUCATION LOAN
|
WELLS FARGO GRADUATE LOAN |
WACHOVIA EDUCATION LOAN |
| WEBSITE |
www.hamline.edu/fa |
www.accessgroup.org |
www.bremer.com |
www.studentloan.com
/schools/hamline
|
www.selfloan.org |
www.usbank.com
/sl/hamline |
www.wellsfargo.com |
www.wachovia.com
/education |
| ELIGIBILITY |
Law and Graduate students enrolled at least half time in a degree seeking program. |
All credit ready Law & Graduate students, US citizen or eligible non-citizen.
Must be at least half time in a degree seeking program. |
All credit ready or credit worthy Law and Graduate students, or with credit worthy co-signer. |
All credit worthy Law and Graduate students, or with credit worthy co-signer. |
Credit worthy co-signer required.
Must be at least half time in a degree seeking program. |
All credit ready or credit worthy Law and Graduate students, or with a credit worthy co-signer. |
All credit worthy Law and Graduate students with a credit worthy co-signer. |
All credit ready or credit worthy Law and Graduate students, or with a credit worthy co-signer. |
| LOAN LIMITS |
Up to the school's cost of attendance less any other financial aid received. |
Minimum Annual:
$1000
Maximum Annual:
Cost of
Education Less
Other Aid
Aggregate Maximum:
None |
Minimum Annual:
$500
Maximum Annual:
Cost of
Education Less
Other Aid
Aggregate Maximum: None |
Minimum annual:
None
Maximum Annual:
Cost of
Education Less
Other Aid
Aggregate Maximum:
$150,000 |
Minimum annual:
$500
Maximum Annual:
$9000
Aggregate Maximum:
$55,000 |
Minimum annual:
$1000
Maximum Annual:
Cost of
Education Less
Other Aid
Aggregate Maximum:
$100,000
|
Minimum annual:
$1000
Maximum Annual: Cost of
Education Less
Other Aid
Aggregate Maximum:
$180,000 (Law) |
Minimum annual: $500
Maximum Annual:
Cost of
Education Less
Other Aid |
INTEREST
PAYMENT |
Repayment of loan begins 60 days after final disbursement of loan. |
May be deferred while in school.
Capped at repayment. |
May be deferred while in school. |
May be deferred while in school.
Capped at repayment |
Quarterly interest payment required while in school. |
May be deferred while in school.
Capped at
repayment. |
May be deferred while in school.
Capped at
repayment. |
May be deferred while in school.
|
INTEREST
RATE |
8.5%. |
3 month Libor
plus 2.50%-6.45% |
Prime Rate
+ 1.0-3.0% |
Prime Rate
minus 0.50%-4.00% |
Variable based on Libor +margin.
No cap. |
Prime Rate + 0% |
Without co-signer: Prime Rate + 0%, 1.5% or 3.5%.
Based on credit.
With co-signer: Prime Rate + 2.50% |
Prime Rate
minus 1% |
INSURANCE/
GUARANTEE
FEE |
Origination fee 3.00%
Default fee up to 1.00%
At disbursement. |
0%-6% at repayment.
Based on past credit history. |
0.0%-5.0% added to principal amount borrowed. |
None |
None |
4% if
creditworthy or creditworthy co-signer.
9% if credit
ready.
At disbursement. |
None |
None |
| REPAYMENT |
Repayment of loan begins within 60 days of final disbursement of loan funds.
Up to 10 years.
$50 monthly minimum.
Forbearance my be available while in school. |
Repayment begins 9 months after graduation, withdrawal, or if enrollment drops below half-time.
Up to 20 years.
$50 monthly minimum. |
Repayment begins 6 months after graduation, withdrawal, or if enrollment drops below half-time.
Up to 15 years.
$50 monthly minimum. |
Repayment begins 6 months after graduation or withdrawal.
Up to 20 years
$50 monthly minimum. |
Repayment of principal and interest begins 12 months after graduation, withdrawal, or if enrollment drops below half-time.
Up to 10 years.
$50 monthly minimum.
|
Repayment begins 6 months after graduation, withdrawal, or if enrollment drops below half-time.
Up to 15 years.
$50 monthly minimum. |
Repayment
begins 6 months after graduation, withdrawal, or if enrollment drops below half-time.
Up to 15 years.
$50 monthly minimum |
Repayment
begins 6 months after graduation, withdrawal, or if enrollment drops below half-time.
Up to 20 years.
$50 monthly minimum |
OFFER BAR
STUDY LOAN |
No |
Yes ($15,000) |
No |
Yes ($11,000) |
No |
Yes ($7,000) |
No |
No |
| CO-SIGN RELEASE |
No |
No |
Yes |
Yes |
No |
No |
Yes |
Yes |
| PAST DUE BALANCE |
No |
No |
Yes
(12 months) |
Yes
(12 months) |
No |
Yes (6 months) |
Yes
(12 months) |
Yes
(36 months) |
