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Lender
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Rates
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Fees
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Enrollment Requirement/CE
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Prior Balance
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Loan Limits
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Grace Period
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Benefits
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Additional Comments
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PNC Bank
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Variable-LIBOR+ 2.25%-8%
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0-6% Origination Fee
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HT, FT (No CE)
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Yes, up to 90 days past
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$1000- COA
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6 Months- after grad, or withdraw; Interest does Accrue
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0.25% Interest reduction for Auto-Debit; Co-Signer release after 48 months on time payments;
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Can make interest only payments-minimum $25 a month; Co-signer Required
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SunTrust
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Variable-LIBOR+ 3.0%-10.75%
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2-6% Repayment Fee for Low Credit
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HT, FT (No CE)
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No
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$1001- Depends on Year in School
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6 Months- after grad, or withdraw; Interest does Accrue
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0.25% Interest Reduction for Auto-Debit; $300 Reduction per loan at Graduation; Co-Signer release after 48 ontime payments
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Can make interest only payments-minimum $50 a month; Co-signer not required, but recommended;
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CitiAssist
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Variable- LIBOR+ 4.75%- 11.50%
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0-6% Origination Fee
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LTHT, HT, FT (CE OK)
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No
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$1000- $120,000(UG); $150,000(Grad)
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6 Months- after grad, or withdraw; Interest does Accrue
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0.25% Interest Reduction for Auto-Debit
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Forbearance for financial harships; Co-Signer not required but must have established credit history; Miminum monthly payment $50
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Wells Fargo
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Variable-Prime+ 1.0%- 7.99%
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None
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LTHT, HT, FT (CE OK)
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Yes, up to 365 days past
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$1000- COA
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6 Months- after grad, or withdraw; Interest does Accrue
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0.25% Interest Reduction for Auto-Debit; 0.50% off Interest Rate at Graduation; Co-Signer Release after 24 months on time payments
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Forbearance for financial hardships for up to 6 months only; Minimum monthly payment $50; Co Signer not required, but recommended
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Discover
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Variable-Prime+ 0.05%- 4.75%
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None
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LTHT, HT, FT (No CE)
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Yes, up to 6 months past
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$1000- COA
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6 Months- after grad, or withdraw; Interest does Accrue
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0.25% Interest Reduction for Auto-Debit; 2% Reduction per loan at Graduation;
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Minimum Monthly payment $50; SAP Is Required; No Co-Signer Release; Co-Signer not require, but recommended.
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Sallie Mae
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Variable-LIBOR+ 4.0%- 10.50%
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0-3% Disbursment Fee
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HT, FT (No CE)
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Yes, up to 180 days past
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$1000- COA
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6 Months- after grad, or withdraw; Interest Payments required during school
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0.25% Interest Reduction for Auto-Debit; 0.25% Interest Reduction for receiving Electronic Communications (Email); Co-Signer Release option available; no definite guidelines
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Minimum Monthly payment $50 after grace period; Their Smart Loan does require interest only payments beginning 28-60 days after disbursment;although principal payments have a 6 month grace period; Co-Signer not require, but recommended.
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Chase
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Variable-LIBOR+ 3.65%- 10.25%
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None
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LTHT, HT, FT (CE OK)
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Yes, up to 365 days past
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$500- COA
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6 Months- after grad, or withdraw; Interest does Accrue
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0.25% Interest Reduction for Auto-Debit; Co-Signer release after 36 months on time payments
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Minimum Monthly payment $25; Co-signer not required but recommended.
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