my COA was given to me, along with what i'll need to borrow (minus my EFC). both loans i've checked so far said they would "check" with my school to confirm the amount allowed.
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Messages - onepoint
« on: June 28, 2005, 12:24:09 AM »
i'm going to give citibank a call tomorrow and see what they have to say. i've held a citibank mastercard for years, maybe that will help me out a bit.
if things wind up the same, i will most likely go with access.
« on: June 28, 2005, 12:19:22 AM »
accessgroup: LIBOR + 3.75% (requested from experian)
sallie mae: PRIME + 1% w/ 3% repayment fee (requested from equifax)
i can't figure it out, unless it has something to do with the school i'm attending?
no, i'm not referring to the difference in scores.
i assumed with solid credit scores i'd be eligible for better rates. a poster in another thread just received PRIME -.25% from sallie mae. sallie mae requested my file from equifax, according to their report.
does this mean the previously mentioned poster scored between my 799 equifax-delivered score and the maximum 900? a 1.25% difference seems substantial.
wonderful, thanks for the response. i filled it out as one-year's worth, then started second guessing myself.
so far accessgroup gave me LIBOR + 3.75, and sallie mae has offered Prime + 1%. bleh. i'm going to check citi tomorrow. i'm going to have to pull my credit report again and see what's up, i thought i was doing pretty well.
i assume this is a year-by-year basis? in other words, i'm only requesting the private loan to fulfill my cost of attendance for one year?
edit: i guess a simpler way to phrase this is "will i have to re-apply for private loans next summer when i have to re-apply for my federal stafford loans?" i think that sums it up.
this was the first contact i've had with them since being notified that my file was complete, months ago. i guess the wheels are still grinding slowly.
they accepted me to their part-time day division, though i applied full-time. i declined.
some people will rise to the challenge, and some won't. be one of those that does, that's all.
at least you know going in that it's going to be a lot harder than what you've experienced to this point.
i have a brochure sitting right in front of me that's labeled "citiassist undergraduate and graduate loans," and states in bold lettering "absolutely no fees, competitive rates."
credit origination fee repayment fee interest w/ cosign interest w/o cosign
------ --------------- ------------- ------------------ -------------------
excellent none none prime +.05% prime +.05%
good none none prime +1% prime +2%
fair none none prime +3% prime +4%