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Suggested Private (Alternative) Loan Lenders for Graduate Students

(For loans first disbursed on or after 7/1/09; in alphabetical order)

Note: Due to changes in the credit market, some private (alternative) lenders have recently changed their Private (Alternative) Loan terms. Please contact your lender of choice for the most up-to-date information.

For more information on how our Suggested Lenders were chosen, please see our Lender Selection page.

Chase Select Loan - Chase Bank	CitiAssist Loan - Citibank	TruFit Student Loan - Citizens Bank
Fees Paid by Borrower: None Interest Rate: Variable interest rates range from 3-Month LIBOR plus 3.25% to 3-Month LIBOR plus 9.25% Eligibility Criteria: Student must be enrolled in a degree seeking program at least half time. Students enrolled in a non-degree or certificate program are not eligible. Funds may not be used for past due balances. Minimum and Maximum Loan Amounts:Minimum = $500, Aggregate limit = $180,000 for graduate students Borrower Benefits: Borrowers who sign up to have their payments deducted automatically will qualify for a 0.25% interest rate reduction. Repayment: No payments are due while the borrower is in school. Deferment ends 6 months after student ceases to be enrolled on at least a half time basis. Loan is Serviced by : Chase Bank Is Lender Affiliated with other Lender on List?: No How to Apply/Contact Information: Chase Bank Website Telephone 1-866-421-2341 Disclosure: Truth in Lending Act Disclosures can be accessed via this link.	Fees Paid by Borrower: None Interest Rate: Variable interest rates range from 3-Month LIBOR plus 3.25% to 3-Month LIBOR plus 7.50% Eligibility Criteria: Students must be enrolled in a degree seeking program at least half time. Funds may not be used for past due balances. Minimum and Maximum Loan Amounts: Minimum = $1,000, Aggregate limit = $150,000 for graduates Borrower Benefits: Borrowers who sign up to have their payments deducted automatically will qualify for a 0.25% interest rate reduction. Repayment: No payments are due while the borrower is in school. Deferment ends 6 months after student ceases to be enrolled on at least a half time basis. Loan is Serviced by: Citibank Is Lender Affiliated with other Lender on List?: Yes - with Discover Student Loans How to Apply/Contact Information: Citibank Website Telephone 1-800-967-2400 Disclosure: Truth in Lending Act Disclosures can be accessed on Citibank's website.	Fees Paid by Borrower: None Interest Rate: Fixed interest rates range from 6.75% to 12.75%; borrowers may choose a variable interest rate, which ranges from 1- Month LIBOR plus 2.70% to 1-Month LIBOR plus 9.75% Eligibility Criteria: Student must be enrolled in a degree seeking program at least half time. Funds may be used for past due balances incurred within 6 months if currently enrolled or a recent graduate. Minimum and Maximum Loan amounts: Minimum = $1,000, Aggregate Limit = $150,000 Borrower Benefits: Borrowers who sign up to have their payments deducted automatically from a qualified Citizens Bank account will qualify for a 0.50% interest rate reduction(0.25% interest rate reduction for automatic payment deduction from a bank other than Citizens). Repayment: Borrowers have the option to defer payments of principal and interest while in school, pay interest only, or begin repayment immediately. If the borrower elects to defer repayment, deferment ends 6 months after student ceases to be enrolled on at least a half time basis. Loan is Serviced by: FirstMark Services Is Lender Affiliated with other Lender on List: No How to Apply/Contact Information: Citizens Bank Website Telephone 1-800-708-6684 Disclosures: Truth in Lending Act Disclosures can be accessed on Citizen's website.
Discover Student Loan	Collegiate Loan and Graduate Loan - Wells Fargo
Fees Paid by Borrower: None Interest Rate: Variable interest rates range from Prime to Prime plus 6.25 % Eligibility Criteria: Student must be enrolled in a degree seeking program at least half time Funds may be used for past due balances incurred within the past 6 months Minimum and Maximum Loan Amounts: Minimum = $1,000, Aggregate Limit = $160,000. Borrower Benefits: Borrowers who sign up to have their payments deducted automatically will qualify for a 0.25% interest rate reduction. If the student graduates within 6 years, he/she may be eligible for a rebate of 2% of the principal balance. Repayment: No payments are due while the borrower is in school. Deferment ends 6 months after student ceases to be enrolled on at least a half time basis (9 months for Graduate students). Loan is Serviced by: Great Lakes Is Lender Affiliated with Other Lender on List?: Yes - with Citibank How to Apply/Contact Information: Discover Student Loan Website Telephone 1-877-728-3030 Disclosure: Truth in Lending Act Disclosures can be accessed on Discover's website.	Fees Paid by Borrower: None Interest Rate: Variable interest rates range from Prime plus 0.25% to Prime plus 6.74 % Eligibility Criteria: Students may be enrolled Full Time, Half Time, or Less than Half Time. Borrowers are also eligible if enrolled in a non-degree or certificate program. Funds may be used for past due balances of the previous semester if currently enrolled. Minimum and Maximum Loan Amounts: Minimum = $1,000, Aggregate Limit = $120,000. Borrower Benefits: Borrowers who sign up to have their payments automatically debited will qualify for 0.25% interest reduction. Interest rate may be reduced by 0.50% upon verification (provided by the student) that the student has graduated. Repayment: No payments are due while the borrower is in school. Deferment ends 6 months after student ceases to be enrolled on at least a half time basis. Loan is Serviced by: Wells Fargo Is Lender Affiliated with Other Lender on List?: No How to Apply/Contact Information: Wells Fargo Website Telephone 1-800-378-5526 Disclosure: Truth in Lending Act Disclosures can be accessed on Wells Fargo's website.

Note: Prime refers to the Wall Street Journal published Prime rate. LIBOR refers to the London Interbank Offered Rate.

You have the right to choose to borrow your loan from any lender who participates in the program under which you are eligible to borrow.