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Author Topic: Some GradPLUS samples  (Read 702 times)

SanchoPanzo

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Some GradPLUS samples
« on: June 19, 2006, 09:18:35 PM »
Iíve compiled some GradPLUS loan info below. Keep in mind that some lenders have different incentives depending on your school and credit rating so these numbers can and will differ from some posted on this board and elsewhere.

If anyone has GradPLUS info for MyRichUncle (since it appears to be a hot lender) or other lenders let me know so I can add it.

Also, most of these rates may reflect good to great credit rating.

==========================================================================================
Lender

Direct

CitiBank

MEFA

Nellie MaeWells Fargo

Wachovia

MyRichUncle

T.H.E.

Orig/Loan Fee

4%

3%

3%

3% (?)

3%

3%

?

3% to 4%

Interest Rate (fixed)

7.9%

8.5%

8.5%

8.5%

8.0%

7.9%

?



Auto-debit incentive

0.25%

0.5%

0.25%

0.5%

0.25%



?



On-time Payment Incentive

1.5% after 12 mo. on-time





2.4% loan credit with Nellie Mae
PLUSback after 24 mo. on-time

1.5% after 36 mo. on-time

?1.3% annual IR reduction
(immediate at repayment)

Other Incentive



1.25% 11.0% 10.25% 2

0.75 1



3% 3

3% 4







NOTES:
1Interest Rate Reduction at Repayment
2Interest Rate Reduction at disbursement
3Loan Amount Rebate 6 months after disbursement
4Loan Amount Rebate within 6 months of final disbursement


http://www.law.harvard.edu/students/finaid/loans/suppcomp.php

http://www.nelliemae.com/gradplus/index.html

https://www.wellsfargo.com/student/loans/graduate/plusgrad

http://www.wachovia.com/personal/page/0,,325_496_9159,00.html

http://www.myrichuncle.com/Press.aspx?item=Press7

http://www.northstar.org/GradPlus/Student.aspx


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