Federal Stafford Loans	Federal Grad PLUS Loans	Private Education Loans
Interest Rate	6.8% fixed	8.25% fixed	Variable, 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	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	3% origination fee* 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 graduation or enrollment in school less than half-time 10 to 25 year repayment period	Zero payments until 9 months after graduation or enrollment in school less than half-time 20 year repayment period
Graduation Reward (see Graduation Reward Policy)	Not applicable	Not applicable	2% of outstanding principal balance at graduation
Loan Limits	Subsidized = $8,500 Unsubsidized = $20,500 minus any subsidized Stafford loan amount	Up to 100% of your Cost of Attendance minus other aid, based on school certification	Up to 100% of your Cost of Attendance minus other aid, based on school certification
FAFSA Required	Yes	Yes	No
Cosigner Required	No	No	Yes
Credit Check Required	No	Yes	Yes

* There are zero guarantor fees and zero prepayment fees, but the government requires that we charge a 3% origination fee on Federal Grad PLUS loans. For applications submitted prior to October 10, 2007, we credit this amount back to you at repayment, provided that you have not repaid the loan in full by that time.