Alternative Loan Programs

Frequently Asked Questions

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  Chase Select Loan CitiAssist Loan Sallie Mae Signature Loan Wells Fargo Collegiate Loan
Loan Servicer Chase Citibank Sallie Mae Wells Fargo
Phone Number (866) 306-0868 (800) 967-2400 (800) 695-3317 (800) 658-3567
Applications and Information Apply and sign online at chaseselectloans.com Apply and sign online at citiassist.com Apply and sign online at
salliemae.com/signature
Apply and sign online at
wellsfargo.com/student
Borrower Student, usually with a creditworthy co-signer Student, usually with a creditworthy co-signer Student, usually with a creditworthy co-signer Student, usually with a creditworthy co-signer
Eligibility of Borrower/
Co-signer
- U.S. citizen or permanent resident
- At least 18 years of age
- Positive credit history
- International students may apply with an eligible U.S. citizen or permanent resident co-signer
- Enrolled part-time, half-time or full-time
- U.S. Citizen or permanent resident
- At least 18 years of age
- Positive credit history
- International students may apply with an eligible U.S. citizen or permanent resident co-signer
- Enrolled part-time, half-time or full-time
- U.S. citizen or permanent resident
- At least 18 years of age
- Positive credit history
- International students
may apply with an eligible U.S. citizen or permanent resident co-signer
- Enrolled at least half-time
- U.S. citizen or permanent resident
- At least 18 years of age
- Positive credit history
- International students may apply with an eligible U.S. citizen or permanent resident co-signer
- Enrolled part-time, half-time, or full-time
Annual Limits: Maximum
Minimum
Cost of Attendance less financial aid
$500
Cost of Attendance less financial aid
None
Cost of Attendance less financial aid
$500
Cost of Attendance less financial aid
$1,000
Aggregate Limit Undergraduate: $120,000
Graduate: $180,000
Undergraduate: $120,000
Graduate: $150,000
Undergraduate: $100,000
Graduate: $150,000
Undergraduate: $120,000
Graduate: $120,000
Interest Rates (variable unless stated otherwise) Interest rates range from Prime minus 1.00% to Prime plus 6.00%, depending on credit of borrower and/or co-signer. Interest rates range from Prime minus 0.50% to Prime plus 5.00%, depending on credit of borrower and/or co-signer. Interest rates range from LIBOR plus 2.50% to LIBOR plus 8.00%, depending on credit of borrower and/or co-signer. Interest rates range from Prime plus 0.00% to Prime plus 5.99%, depending on credit of borrower and/or co-signer.
Loan Fees None None None None
Grace Period 6 months after graduation or leaving school 6 months after graduation or leaving school 6 months after graduation or leaving school 6 months after graduation or leaving school
Repayment Period 20 to 25 years, based on amount borrowed Up to 20 years, based on amount borrowed 15 to 30 years, based on amount borrowed 15 years
Borrower Benefits - Instant credit decision
- 0.25% rate reduction with automatic payments from a bank account
- 0.25% rate reduction if immediate or interest-only repayment option chosen while attending school
- Co-signer release available after first 36 on-time payments
- Deferment available for graduate school
- Up to 12 months of forbearance available
- Loans available for past due balances incurred within the last 12 months
- Instant credit decision
- 0.25% rate reduction with automatic payments from a bank account
- 0.50% rate reduction if first 48 payments are on time
- Co-signer release available after first 24 on-time payments
- Deferment available for graduate school
- Up to 24 months of forbearance available
- Loans available for past due balances incurred within the last 12 months
- Instant credit decision
- 0.50% rate reduction with automatic payments from a bank account
- Co-signer release available after first 24 on-time payments
- Deferment available for graduate school
- Up to 24 months of forbearance available
-Loans available for past due balances incurred within the last 12 months if currently enrolled
- Upromise Loan Link - pay down Signature loan through Upromise account
- Instant credit decision
- 0.25% rate reduction with automatic payments from a bank account
- 0.50% rate reduction upon verification of graduation
- Co-signer release available after first 24 on-time payments
- Deferment available for graduate school
- Up to 12 months of forbearance available
-Loans available for past due balances incurred within the last 12 months

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