For College Students
Federal Stafford Loans Private Education Loans
Interest Rate 6.0% fixed (subsidized loans)
6.8% fixed (unsubsidized loans) 		From Prime minus 0.50% to Prime plus 4.75%, based on credit evaluation
Interest Credit 0.25% repayment interest rate credit when payments are set up for automatic debit from a bank account 0.25% repayment interest rate credit when payments are set up for automatic debit from a bank account
Fees Zero origination fees
Zero guarantor fees
Zero prepayment fees
 Zero origination fees
Zero guarantor fees
Zero prepayment fees
Payments Zero payments until 6 months after graduation or enrollment in school less than half-time
10 to 25 year repayment period 		Zero payments until 6 months after graduation or enrollment in school less than half-time
15 year repayment period
Graduation Reward
(see Graduation Reward Policy) 		Not applicable 2% of outstanding principal balance at graduation
Loan Limits Dependent Students
1st Year –– $5,500
2nd Year –– $6,500
3rd Year –– $7,500
4th Year –– $7,500
 Up to 100% of your Cost of Attendance minus other aid, based on school certification
Independent Students
1st Year –– $9,500
2nd Year –– $10,500
3rd Year –– $12,500
4th Year –– $12,500
FAFSA Required Yes No
Cosigner Required No Yes
Credit Check Required No Yes