Comprehensive Access Loan |
CitiAssist Law Loan |
Nellie
Mae Law Excel Loan | |
|
Maximum Loan Amount |
Cost of attendance minus any other financial aid | Cost of attendance minus any other financial aid | Cost of attendance minus any other financial aid |
|
Minimum Loan Amount |
$1,000 | None | $500 |
| Interest Rate |
3-month LIBOR + 2.55%, 3.75%, or 6.45%, dependant upon student's credit history at time of application | 7% to 14%, dependant upon co-borrower's credit history at time of application | Prime + 1.25% if you choose monthly variable rate. Prime + 2.5% if you choose annually variable rate. |
| Fees Added at Disbursement |
None | None | 0% with a co-borrower, 5% without a co-borrower |
| Fees
Added to Principal at Repayment |
None | None | 0% if student makes payments of principal and interest while enrolled, 2% if student defers principal and interest |
| When Repayment Begins |
9 months after graduation | 9 months after graduation | 6 months after graduation |
| Standard Repayment Term |
20 years | 20 years | 30 years |
| U.S. Citizen or Permanent Resident Co-Borrower Required? | No | Yes | Yes |
| How
to Apply |
Apply online at http://www.accessgroup.org or call 1-800-282-1550 | Apply online or download an application at http://www.studentloan.com | Apply online or downloand an application at http://www.nelliemae.com |
Interest Rates as of March 4, 2008:
3-month LIBOR = 3.01%
PRIME = 6.0%
Source = Bloomberg.com
