School Lender List for Austin Peay State University

Austin Peay State University

The lenders listed on this site are frequently used by our Private Loan borrowers. These lenders provide excellent benefits and an efficient online process. Additionally, they disburse funds electronically to Austin Peay State University, which allows us to post funds directly to your account.

Austin Peay State University provides this list as a guide to you, and you are free to choose a lender not represented below. If you choose a lender not listed below, please inform us so that we may insure that your loan is processed in a timely manner.

If you are considering a lender from our list, we encourage you to look at all the lender information below, including the "Borrower Benefits". After you choose a lender, click on the "Sign Now" button to complete your Private Loan Application.

	Lender		Loan Features		Select

	CitiAssist from Citibank 800.967.2400		Fees as low as 0% Interest rates as low as 3-month LIBOR + 4.75% Interest rate reduction of 0.25% for auto-debit payment Co-signer release option available May be enrolled less than half-time 6 month grace period

	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

	Academic Answer^Ž from SunTrust 800.552.3006		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

	Chase Select^sm 866.306.0868 www.ChaseSelectLoans.com		0% origination and repayment fees! Rates as low as 3-month LIBOR plus 4.15% 0.25% interest rate reduction for automatically debited payments Can be used to cover past due balances Online pre-approval and application, including e-signature Loans are originated and serviced internally by Chase All Chase-serviced loans, including private loans, are combined into a single bill Choice of repayment options Cosigner release option Loans are not sold Extended customer service hours Saturday from 8 a.m. to 5 p.m. ET during peak season 40 years of experience in the student loan industry See Web site or call for important terms and information.

	US Bank No Fee Loan 800.242.1200 www.usbank.com/nofeeapp		US Bank No Fee Loan Hi-lights: For students enrolled part-time or more in eligible 4-5 year colleges, universities, and graduate schools. Can borrow every year up to the cost of attendance, less financial aid. Minimum annual loan amount is $1,000. Interest rates are Prime + 1.95%, Prime + 4.95% or Prime + 8.95%, depending upon the credit history of the borrower. All rates are variable over the life of the loan. Six-month Grace Period (where no payment of principal or interest is required). Loan repayment term is up to 15 years. There are no reserve, origination or guarantee fees. No requirement to pay principal during enrollment. Interest can be paid monthly, or accrued and capitalized when the Repayment Period begins. Interest rate reduction benefits of up to 0.50% if you have your monthly payments automatically deducted from your checking account.


	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. Brochures containing additional information on lenders are available in the Student Financial Aid Office. You have the right to select any lender that participates in the Federal Family Education Loan Program (FFELP). Check with the lender for details and conditions regarding eligibility for special benefits or incentives. The information on this Web page was gathered on behalf of the Financial Aid Office at Austin Peay State University and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.