School Lender List for Oglethorpe University

Oglethorpe 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 Oglethorpe 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

	Academic Answer^ŽLoan 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

	EdAmerica 800.337.6884 www.edamerica.net		Tuition Solution Private Graduate Loan Tuition Solution is a credit-based loan program and may be used to pay for education-related expenses - including a personal computer - for graduate students enrolled at least half-time in a degree or certificate program at an approved school. Tuition Solution Private Continuing Education Loan Tuition Solution is a credit-based loan program and may be used to pay for education-related expenses - including a personal computer - for students enrolled in a degree program less than half-time or students in a certificate or technical training program at an approved school. Tuition Solution Private Undergraduate Loan Tuition Solution is a credit-based loan program and may be used to pay for education-related expenses - including a personal computer - for undergraduate students enrolled at least half-time in a degree or certificate program at an approved school. Edamerica XtraCredit Alternative Loan XtraCredit Alternative Loan is an alternative student loan designed exclusively for undergraduate and graduate students at least 18 years of age. You must be enrolled or accepted for enrollment on at least a half-time basis at an eligible college or university. If you are a U.S. citizen, meet specific credit requirements and have a satisfactory credit history, you may borrow up to $100,000 to underwrite your education. XtraCredit features low competitive interest rates with NO FEES for eligible borrowers.

	Wells Fargo Collegiate^ŽLoan 800.658.3567 www.wellsfargo.com/student		Interest Rate Spread: Index + 1.00% to Index + 7.99% No origination, disbursement or repayment fees No payments are required while a student is in school (up to seven years) and for up to six months after graduation or leaving school Wells Fargo Student Graduation Benefit Program interest rate reduction of 0.50% 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 Undergraduate and Graduate students can apply Cosigner release after 24 consecutive on-time monthly payments - minimum credit guidelines must be met at the time of the request Before you borrow, learn more about private student loans. This online guide can help you get started.


	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. 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 Oglethorpe University and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.