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Home >
Office of Financial Resource Management
> Lender Comparison Chart |
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Seton Hall Law 2008-2009 Lender Comparison Chart
Data current as
of Sept. 26, 2008. Subject to change.
(click on Lender Name to access their website)
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Additional
Loan Information
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Federal Stafford Loans |
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Lender Name: |
Access Group |
Chase |
Citibank |
Key Bank |
Sallie Mae |
Wachovia |
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Phone: |
1-800-282-1550 |
1-877-968-7331 |
1-800-967-2400 |
1-800-539-5363 |
1-888-272-5543 |
1-800-338-2243 |
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Lender Code: |
808851 |
803000 |
826878 |
813760 |
802218 |
830005 |
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Fees: |
1% |
1% |
1% |
1% |
1% |
1% |
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Interest rate: |
6.8% fixed |
6.8% fixed |
6.8% fixed |
6.8% fixed |
6.8% fixed |
6.8% fixed |
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Grace Period: |
6 months |
6 months |
6 months |
6 months |
6 months |
6 months |
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Repayment Incentives: |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
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Federal Graduate
PLUS Loans |
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Lender Name: |
Access Group |
Chase |
Citibank |
Key Bank |
Sallie Mae |
Wachovia |
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Phone: |
1-800-282-1550 |
1-877-968-7331 |
1-800-967-2400 |
1-800-539-5363 |
1-888-272-5543 |
1-800-338-2243 |
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Lender Code: |
808851 |
803000 |
826878 |
813760 |
802218 |
830005 |
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Fees: |
3% |
3% |
3% |
3% |
3% |
3% |
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Interest rate: |
8.5% fixed |
8.5% fixed |
8.5% fixed |
8.5% fixed |
8.5% fixed |
8.5% fixed |
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Grace Period: |
none |
none |
none |
none |
none |
none |
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Repayment Incentives: |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
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Private
Loans |
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Lender Name: |
HESAA NJCLASS |
Chase Select |
CitiAssist Law Loan |
Key Bank - Law Achiever |
Sallie Mae LAWLOANS |
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Phone: |
1-800-792-8670 |
1-877-968-7331 |
1-800-967-2400 |
1-800-539-5363 |
1-888-272-5543 |
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Fees: |
2% |
0% |
0% |
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0% |
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Interest rate: |
Fixed |
variable |
variable |
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variable |
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8.02 %
for deferred repayment (option 3) |
Prime minus .1% to Prime + 6% |
Prime minus .5% to Prime + 4.75% |
Effective 10/31/08, Key Bank is no longer offering
Private Student Loans |
LIBOR + 2.5% to LIBOR + 8% |
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Grace Period: |
None |
6 months |
9 months |
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9 months |
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Aggregate Loan Limit |
None |
$180,000
(all loan debt) |
$180,000 |
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$150,000
(without co-borrower) |
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Repayment Incentives: |
.50% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit |
.25% interest rate
reduction for auto-debit, .50% interest rate
reduction after 48 consecutive on-time payments |
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.50% interest rate
reduction for auto-debit |
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1/2 time enrollment requirement? |
Yes |
No |
Yes |
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Yes |
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Length of Repayment |
25 years |
20 years < $30,000 balance,
25 years if greater |
20 years |
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15-25 years |
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Co-borrower release? |
N/A, no co-signer needed |
Yes, after 36 months |
Yes, after 24 months |
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Yes |
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Bar Study Loan? |
No |
No |
Yes |
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Yes |
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Additional information may be obtained from the
Office of Financial Resource Management
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