School Lender List for Hampton University

Hampton University

Before you apply for a private loan, you should first consider all aid alternatives including grants, scholarships and federal loans (Stafford, PLUS, and Grad PLUS).

The lenders listed on this Web page are frequently used by our Private Loan students. These lenders provide multiple benefits and an efficient application process. Additionally, they disburse funds electronically to Hampton University, which allows us to post funds directly to your account. We provide this list as a guide to you; however, you are free to choose another lender without penalty. If you choose another lender, please inform us as soon as possible. Prior to choosing a lender, we encourage you to review all possible options. If you decide to choose a lender from this list, simply click on the corresponding "Apply Now" button to complete your Private Loan Application.

	Lender		Loan Features		Select

	Chase Select^sm 866.306.0868 www.ChaseSelectLoans.com		Zero origination and repayment fees Interest rates as low as 3-month LIBOR + 4.15% Interest Rate Reduction for enrolling to have monthly payments automatic ally debited from a bank account Combined billing for education loans serviced by Chase Cosigner release option available after 36 months

	Sallie Mae Smart Option Student Loan 888.272.5543 www.salliemae.com		Pricing that rewards good credit Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate The borrower may apply for cosigner release after successful completion of their education A 0.25 percentage point interest rate reduction is available when payments are made by automatic debit Pay a little now, save a lot later by making interest-only payments while in school. Students complete their education with less debt and avoid capitalized interest Visit www.SallieMae.com/SmartTerms for important information about these benefits

	CitiAssist Loan 800.967.2400 www.studentloan.com		CitiAssist Loans have no origination, guarantee or repayment fees - students receive 100% of the money they borrow Students receive an interest rate of Prime minus 0.50% to Prime plus 6.00% based on credit review and presence of co-signer 0.25% Interest Rate Reduction – for students who have their loan payments withdrawn electronically from their bank accounts through Citibank’s E-Z Pay service Additional 0.50% Interest Rate Reduction - for students who make their first 48 consecutive required monthly payments on time On an annual basis, students can borrow up to the cost of education less any financial aid they have received The aggregate limit is $75,000 for undergraduate students and $110,000 for graduate students

	Wells Fargo Collegiate^®Loan 800.658.3567 www.wellsfargo.com/student		No origination, disbursement, or repayment fees 0.50% interest rate reduction at repayment upon verification of graduation 0.25% interest rate reduction at repayment when Wells Fargo automatically withdraws payments from a personal checking or savings account Loan can be used for less than half time attendance Cosigner release after the first 24 consecutive on-time monthly payments Defer all payments until 6 months after leaving school or pay interest only while in school, it's your option Interest Rate Spread: Index + 1.00% - Index + 7.99% (Index is equal to the Prime Rate)

	Academic Answer^®Loan from SunTrust 800.552.3006 suntrusteducation.com/ academicanswer		No fees¹ Competitive interest rates starting as low as the 1-month LIBOR + 3.50%, currently 4.16% APR² Graduation Reward- $300 Principal Reduction per loan with proof of graduation 0.25% interest rate reduction for enrolling in automatic payments³ Cosigner release option after 48 on-time payments⁴ Flexible Repayment Options: Immediate, Interest-only, and Deferred repayment while in school Six-month grace period Satisfactory Academic Progress not required Generous repayment terms Immediate credit decisions online Forbearance options available


	Check with the lender for details and conditions regarding eligibility for special benefits or incentives. ¹ Effective for applications received on or after 10/15/09. ² LIBOR stands for London Interbank Offered Rate. The one-month LIBOR is the Current Index, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the one-month LIBOR index changes. Your variable interest rate is calculated by adding the current one-month LIBOR index (captured on the 25th day of each month, or the next business day thereafter, of the month immediately preceding such calendar month and rounded up to the nearest 1/8th of one percent) to your margin. The current one-month LIBOR index was 0.25% on 2/1/10. This APR example assumes a $10,000 undergraduate, cosigned, loan disbursed over two transactions with a deferment period of 45 months upon initial disbursement and a six month grace period upon graduation, a 25 year repayment term, and a 4.00% margin. Margins can range from 3.50% to 11.25% (depending on whether you are an undergraduate or graduate student, if the loan is co-signed, and upon your or your cosigner's credit history). ³ The 0.25% rate reduction is available to borrowers who arrange with their servicer to automatically deduct monthly payments from their personal bank account. Savings programs are effective for all loans disbursed on or after October 13, 2006. ⁴ The cosigner can be released from liability after the first 48 initial, consecutive principal and interest payments are made on time. Borrowers must meet credit guidelines at the time the cosigner release is requested. The information on this Web page was gathered on behalf of the Financial Aid Office at Hampton University and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.