Education Loan Comparison
Enter the competitive information for various student loans in the spread sheet below. Use the View and Print button at the bottom of the page to see the full comparison. You may compare up to 2 loans at a time.

	PLUS Loan	Enter Loan Name	Enter Loan Name
Basic Loan Terms and Conditions
What is the current interest rate?	4.17%
Is this a variable or fixed interest rate loan?	Variable
If variable, how often does it change?	Every year on July 1
How is the interest rate calculated?	T-bill + 3.1%
Is there a "cap" on the interest rate?	9%
What is the minimum loan amount?	Contact financial aid
What is the maximum loan amount?	Cost of education, less financial aid received
What are the aggregate loan limits?	None
What are the enrollment requirements to receive a loan?	Student enrolled at least half-time
Who is the borrower?	Parent
What is the average length of time to process a loan  from the time the application is received to the time the funds are ready to be disbursed?	Contact lender
When and to whom are the loan funds disbursed?	Contact lender
If any, what fees are attached to the loan?	Up to 4% origination fees
Is there an application fee?	No
Is this a credit-based loan?	Yes
Is a cosigner optional or required?	No option for cosigner
If yes, when is a cosigner required?	n/a
Is there an option to release a co-signer?	n/a
If yes, how does a co-signer get released?	n/a
If I am denied for the loan, what can I do to qualify?	Student may be awarded additional Unsubsidized Stafford Loan
Are pre-approvals available?	Yes, check with financial aid office
How long does it take for a pre-approval?	Contact financial aid office
Repayment Evaluation Questions
When does the loan enter repayment?	60 days after final disbursement
What is the grace period on the loan?	60 days after final disbursement
What is the standard repayment period of the loan?	10 years
Are deferment options available?	Yes
Are forbearance options available?	Yes
Is there a penalty for early repayment?	No
What is the minimum payment amount?	$50
What is the estimated monthly loan payment? * Use the loan repayment calculator
What is the estimated total cost of the loan?(principal & interest)
Is the interest on the loan tax deductible?	Yes
Borrower Benefit Evaluation Questions
Do you offer any borrower benefit programs? If so, how do I qualify?	Check with lender
What is an estimate on savings from qualifying for the borrower benefits?	Check with lender
What is the percentage of borrowers who qualify for each of your borrower benefit programs?	Check with lender
Loan Servicing Evaluation Questions
Will this loan be sold to another entity? If so, who will be the servicer?	Check with lender
What is the contact information for the servicer?	Check with lender
Will the servicer provide combined billing for Federal and Private Education loans?	Check with lender
Does the servicer offer Federal Consolidation Loans?	Check with lender
Does the servicer offer Consolidation for Private Education loans?	Check with lender