Alternative Loan Chart - Quinnipiac University

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Alternative Loan Chart

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Alternative/Private Loan Suggested Lender List 2008/09 -- **REVISED 11/24/08**

Lender/Loan Program	To Apply	Int Rate	Fees	Cosigner Release Option	SAP Required	Repayment Terms and Borrower Benefits
CHESLA *CT FELP Loan*	Firstmark Services (888) 538-7378 www.chesla.org	6.99% fixed	3.0%	No	Yes	· 6 month grace period · 140 months to repay · Interest only payments while in school
Citibank *CitiAssist Loan*	Citibank (800) 967-2400 www.studentloan.com/ schools/quinnipiac	Prime +1% to +7.5%	0% to 6%	Yes	Yes	· 6 Month grace period · Up to 20 years to repay · .25% interest reduction for auto-debit · .50% interest rate reduction for 48 consecutive on-time payments · Can defer interest and principal while in school
Sallie Mae *Signature Loan*	Sallie Mae (800) 695-3317 salliemae.com/signature	LIBOR +4.5% to +11.25%	0%	Yes	Yes	· 6 Month grace period · Up to 25 years to repay · .50% interest reduction for auto-debit · Can defer principal and interest while in school · Combined billing with Stafford loans

Loan Comparison - On March 14, 2008, the LIBOR rate was 2.76% and the Prime rate was 6.0% as published in the Wall Street Journal. Interest rate and fees for private loans are calculated based upon each applicant’s credit rating. All student borrowers must be degree seeking and taking at least 6 credits per semester to qualify for all loans unless noted otherwise. All loan terms and conditions are subject to change.