2002 guide to financial aid lenders. (Special section: the economy).67 COMPANIES YOU NEED TO KNOW NOW WHEN IT COMES TO PAYING FOR COLLEGE, students have more options available to them than ever before. Today, almost three-quarters Noun 1. three-quarters - three of four equal parts; "three-fourths of a pound" three-fourths common fraction, simple fraction - the quotient of two integers three-quarters npl → of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. financial aid comes from federal appropriations or loan guarantees, accounting for more than $74 billion in aid disbursed in 2000-2001 (7 percent more aid than the previous year). On the following pages, University Business presents our exclusive comparison chart of financial aid lenders. In addition to federal loans, many of the companies listed offer private or alternative loan solutions tailored to students' needs. If your college or university is seeking a lending partnership, now you can compare features, services, and vital statistics to find just the right fit.
Company Name and URL Stafford PLUS Consoli-
dation
A+Funds
www.aplusfunds.com X X
Access Group
www.accessgroup.com X X
ALL Student Loan Corp
www.allstudentloan.org X X X
American Education Services/PHEAA
www.aesSuccess.org X X X
AMS Educational Loan Trust
www.tuitionpay.com X X X
ASAP/Union Bank and Trust
www.asapubt.com X X X
Assoc. of American Medical Colleges
www.aamc.org/medloans X X
Bank One
www.studentloannet.com X X X
Bank of America
www.bofa.com/studentbanking X X X
Banknorth Student Loan Program
www.banknorth.com X X
Beneficial Savings Bank
www.beneficialsavings.com X X X
BorrowSmart-Trust
www.borrowsmart-trust.com X X X
Campus Door
www.campusdoor.com
Chase Manhattan Bank
www.chase.com/educationfirst X X X
Chela Financial
www.loans4students.com X X X
Citibank Student Loans
www.studentloan.com X X X
Citizens Bank
www.citizensbank.com X X
Class Credit
www.classcredit.com X X X
College Foundation Inc
www.cfnc.org X X X
Collegiate Funding Services
www.2cfs.com X
COSTEP
www.costep.org X X X
CSLF Student Loan Foundation
www.cslf.com X X X
edsouth X X X
www.edsouth.org
Educaid, a First Union Corp
www.educaid.com X X X
Educational Credit Management Corp
www.ecmc.org X X X
Educational Funding Services Inc
www.efsi.net X X X
First Tennessee Bank
www.firsttenessee.com X X X
First Virginia Bank
www.firstvirginia.com X X
Firststar Bank
www.firstarstudentfinance.com X X X
FLEET
www.fleet.com/education X X X
Hibernia National Bank
www.hibernia.com X X X
HSBC Bank USA
us.hsbc.com/personal/student X X X
IDAPP
www.idapp.com X X X
International Education Finance Corp
www.iefc.com X X
Iowa Student Loan Liquidity Corp
www.studentloan.org X X X
Key Education Resources
www.key.com X X X
Louisiana Educationloan Authority
www.lela.org X X X
Marquette Bank
www.loansforcollege.com X X X
Medsolutions
www.mymedsolutions.com X X
Mellon Bank
www.mellon.com/edu X X X
Michigan Higher Ed SLA
www.michigan.gov/mistudentaid X X X
Natianal City
www.studentlender.com X X X
National Education (Corus)
www.cotusslc.com X X X
National Education (IDAPP)
www.nationaleducation.com X X X
Navy Federal Credit Union
www.navyfcu.org X X X
Nellie Mae
www.nelliemae.com X X X
Nelnet
www.nelnet.net X X X
New Hampshire HE Loan Corp
www.nhheaf.org X X X
NorthStar Total Higher Education
www.northstar.org X X X
NowLoan$
www.nowloans.org X
PLATO
www.plato.org X X X
PNC Bank
www.eduloans.pncbank.com X X X
Sallie Mae
www.salliemoe.com X X X
SLND-Bank of North Dakota
www.mystudentloanonline.com X X X
smartFUNDS
www.smartfunds.net X X
South Carolina Student Loan Corp
www.slc.sc.edu X X X
Southwest Student Loan Services
www.sssc.com X X X
Student Loan Funding Resources
www.studentloanfunding.com X X X
StaffordLoan.com
www.staffordLoan.com X X X
SunTrust Education Loans
www.suntrusteducation.com X X X
TCF Bank
www.tcfbank.com X X
The College Board
www.collegeboard.com X X X
US Education Finance Corporation
www.usefc.com X X X
U.S. Bank
www.usbank.com/studentloans X X X
Vermont Student Assistance Corp
www.vsac.org X X X
Washington Mutual
www.wamu.com X X
Wells Fargo
www.wellsfargo.com X X X
Company Name and URL Private/ Origination
Alternative Fee
A+Funds
www.aplusfunds.com X 2%
Access Group
www.accessgroup.com X 2%
ALL Student Loan Corp
www.olistudentloon.org X 3%
American Education Services/PHEAA
www.aesSuccess.org 0
AMS Educational Loan Trust
www.tuitionpay.com 3%
ASAP/Union Bank and Trust
www.asopubt.com X 3%
Assoc. of American Medical Colleges
www.aamc.org/medloans 3%
Bank One
www.studentloannet.com X 3%
Bank of America
www.bofa.com/studentbanking X 3%
Banknorth Student Loan Program
www.banknorth.com 3%
Beneficial Savings Bank
www.beneficialsavings.com 1%
BorrowSmart-Trust
www.borrowsmart-trust.com X 3%
Campus Door
www.campusdoor.com X N/A
Chase Manhattan Bank
www.chase.com/educationfirst 3%
Chela Financial
www.loans4students.com 3%
Citibank Student Loans
www.studentloan.com 3%
Citizens Bank
www.citizensbank.com 3%
Class Credit
www.classcredit.com 3%
College Foundation Inc
www.cfnc.org 3%
Collegiate Funding Services
www.2cfs.com 3%
COSTEP
www.costep.org 3%
CSLF Student Loan Foundation
www.cslf.com 3%
edsouth 2%
www.edsouth.org
Educaid, a First Union Corp
www.educaid.com X 3%
Educational Credit Management Corp
www.ecmc.org 3%
Educational Funding Services Inc
www.efsi.net X 3%
First Tennessee Bank
www.firsttenessee.com 3%
First Virginia Bank
www.firstvirginia.com 3%
Firststar Bank
www.firstarstudentfinance.com 0
FLEET
www.fleet.com/education X 3%
Hibernia National Bank
www.hibernia.com 3%
HSBC Bank USA
us.hsbc.com/personal/student 3%
IDAPP
www.idapp.com 3%
International Education Finance Corp
www.iefc.com 3%
Iowa Student Loan Liquidity Corp
www.studentloan.org X 0
Key Education Resources
www.key.com 3%
Louisiana Educationloan Authority
www.lela.org 0
Marquette Bank
www.loansforcollege.com X 1.95%
Medsolutions
www.mymedsolutions.com 0
Mellon Bank
www.mellon.com/edu 1%
Michigan Higher Ed SLA
wwwmichigan.gov/mistudentaid X 3%
Natianal City
www.studentlender.com 3%
National Education (Corus)
www.cotusslc.com X 3%
National Education (IDAPP)
www.nationaleducation.com X 3%
Navy Federal Credit Union
www.navyfcu.org 3%
Nellie Mae
www.nelliemae.com X 3%
Nelnet
www.nelnet.net 0
New Hampshire HE Loan Corp
www.nhheaf.org X 3%
NorthStar Total Higher Education
www.northstar.org 0
NowLoan$
www.nowloans.org X 0
PLATO
www.plato.org X 0
PNC Bank
www.eduloans.pncbank.com 1%
Sallie Mae
www.salliemoe.com X 0
SLND-Bank of North Dakota
www.mystudentloanonline.com 3%
smartFUNDS
www.smartfunds.net 3%
South Carolina Student Loan Corp
www.slc.sc.edu 1%
Southwest Student Loan Services
www.sssc.com 2%
Student Loan Funding Resources
www.studentloanfunding.com X 3%
StaffordLoan.com
www.staffordLoan.com 3%
SunTrust Education Loans
www.suntrusteducation.com 3%
TCF Bank
www.tcfbank.com X 3%
The College Board
www.collegeboard.com 3%
US Education Finance Corporation Standard fed,
www.usefc.com X rates
U.S. Bank
www.usbank.com/studentloans 3%
Vermont Student Assistance Corp
www.vsac.org 3%
Washington Mutual
www.wamu.com X 3%
Wells Forgo
www.wellsfargo.com X 3%
Guarantee In-school
Company Name and URL Fee interest Interest
A+Funds
www.aplusfunds.com 0 5.39% 5.99%
Access Group
www.accessgroup.com 0 N/A N/A
ALL Student Loan Corp 4.79% 3.99%
www.olistudentloon.org 0 (CA) (ALL)
American Education Services/PHEAA
www.aesSuccess.org 0 5.39% 3.74%
AMS Educational Loan Trust
www.tuitionpay.com 0 5.39% 5.99%
ASAP/Union Bank and Trust
www.asopubt.com 0 5.39% 5.99%
Assoc. of American Medical Colleges
www.aamc.org/medloans 0 5.39% 5.99%
Bank One
www.studentloannet.com Varies 5.39% 5.99%
Bank of America
www.bofa.com/studentbanking 1% 5.39% 5.99%
Banknorth Student Loan Program
www.banknorth.com 0 5.39% 5.99%
Beneficial Savings Bank
www.beneficialsavings.com 0 5.39% 5.99%
BorrowSmart-Trust
www.borrowsmart-trust.com 0 5.39% 5.99%
Campus Door PRIME RATE
www.campusdoor.com N/A +1%
Chase Manhattan Bank
www.chase.com/educationfirst 0 5.39% 5.99%
Chela Financial
www.loans4students.com 0 5.39% 5.99%
Citibank Student Loans
www.studentloan.com 0 5.39% 5.99%
Citizens Bank
www.citizensbank.com 0 5.39% 5.99%
Class Credit
www.classcredit.com 0 5.39% 5.99%
College Foundation Inc
www.cfnc.org 0 5.39% 5.99%
Collegiate Funding Services
www.2cfs.com 0
COSTEP
www.costep.org 0 5.39% 5.99%
CSLF Student Loan Foundation
www.cslf.com 0 5.39% 5.99%
edsouth 1% 5.39% 5.99%
www.edsouth.org
Educaid, a First Union Corp
www.educaid.com 0 5.39% 5.9%
Educational Credit Management Corp
www.ecmc.org 0 5.39% 5.99%
Educational Funding Services Inc
www.efsi.net 0 5.39% 5.99%
First Tennessee Bank
www.firsttenessee.com 0 5.39% 5.99%
First Virginia Bank
www.firstvirginia.com 0 5.39% 5.99%
Firststar Bank
www.firstarstudentfinance.com 0 5.39% 5.99%
FLEET
www.fleet.com/education 1 5.39% 5.99%
Hibernia National Bank
www.hibernia.com 0 5.39% 5.99%
HSBC Bank USA
us.hsbc.com/personal/student 0 5.39% 5.99%
IDAPP
www.idapp.com 7.59% 8.19%
International Education Finance Corp
www.iefc.com 0 5.39% 5.99%
Iowa Student Loan Liquidity Corp
www.studentloan.org 0.5% 5.39% 5.99%
Key Education Resources
www.key.com 0 5.39% 5.99%
Louisiana Educationloan Authority
www.lela.org 0 5.39% 5.99%
Marquette Bank
www.loansforcollege.com 0 5.39% 5.99%
Medsolutions
www.mymedsolutions.com 0 5.39% 5.99%
Mellon Bank
www.mellon.com/edu 0 5.39% 5.99%
Michigan Higher Ed SLA
wwwmichigan.gov/mistudentaid 0 5.39% 5.99%
Natianal City
www.studentlender.com 0 5.39% 5.99%
National Education (Corus)
www.cotusslc.com 0 5.39% 5.99%
National Education (IDAPP)
www.nationaleducation.com 0 5.39% 5.99%
Navy Federal Credit Union
www.navyfcu.org 1% 5.39% 5.99%
Nellie Mae
www.nelliemae.com 1% 5.39% 5.99%
Nelnet
www.nelnet.net 0 5.39% 5.99%
New Hampshire HE Loan Corp
www.nhheaf.org 0 5.39% 5.99%
NorthStar Total Higher Education
www.northstar.org 0 5.39% 5.99%
NowLoan$
www.nowloans.org 0 5.39% 5.99%
PLATO
www.plato.org 0 Flexible
PNC Bank
www.eduloans.pncbank.com 0 7.59% 8.19%
Sallie Mae
www.salliemoe.com 0 5.39% 5.99%
SLND-Bank of North Dakota
www.mystudentloanonline.com 0 5.39% 5.99%
smartFUNDS
www.smartfunds.net 0 5.39% 5.99%
South Carolina Student Loan Corp
www.slc.sc.edu 0 5.39% 5.99%
Southwest Student Loan Services
www.sssc.com 0 5.39% 5.99%
Student Loan Funding Resources
www.studentloanfunding.com 0 5.39% 5.99%
StaffordLoan.com
www.staffordLoan.com 0 5.39% 5.99%
SunTrust Education Loans
www.suntrusteducation.com 1% 5.39% 5.99%
TCF Bank
www.tcfbank.com 0 5.39% 5.99%
The College Board
www.collegeboard.com 1% 5.39% 5.99%
US Education Finance Corporation
www.usefc.com Standard fed, rates
U.S. Bank
www.usbank.com/studentloans 0 5.39% 5.99%
Vermont Student Assistance Corp
www.vsac.org 1% 5.39% 5.99%
Washington Mutual
www.wamu.com 0 5.39% 5.99%
Wells Forgo
www.wellsfargo.com 0 5.39% 5.99%
Phone/Web Web acct
Company Name and URL pre-approval access
A+Funds
www.aplusfunds.com X
Access Group
www.accessgroup.com X
ALL Student Loan Corp
www.olistudentloon.org X X
American Education Services/PHEAA
www.aesSuccess.org X X
AMS Educational Loan Trust
www.tuitionpay.com X X
ASAP/Union Bank and Trust
www.asopubt.com X
Assoc. of American Medical Colleges
www.aamc.org/medloans X
Bank One
www.studentloannet.com X X
Bank of America
www.bofa.com/studentbanking X X
Banknorth Student Loan Program
www.banknorth.com X X
Beneficial Savings Bank
www.beneficialsavings.com
BorrowSmart-Trust
www.borrowsmart-trust.com X X
Campus Door
www.campusdoor.com
Chase Manhattan Bank
www.chase.com/educationfirst
Chela Financial
www.loans4students.com X
Citibank Student Loans
www.studentloan.com X X
Citizens Bank
www.citizensbank.com X X
Class Credit
www.classcredit.com X X
College Foundation Inc
www.cfnc.org X X
Collegiate Funding Services
www.2cfs.com
COSTEP
www.costep.org X
CSLF Student Loan Foundation
www.cslf.com X X
edsouth X X
www.edsouth.org
Educaid, a First Union Corp
www.educaid.com X X
Educational Credit Management Corp
www.ecmc.org X X
Educational Funding Services Inc
www.efsi.net X X
First Tennessee Bank
www.firsttenessee.com X X
First Virginia Bank
www.firstvirginia.com X X
Firststar Bank
www.firstarstudentfinance.com
FLEET
www.fleet.com/education X X
Hibernia National Bank
www.hibernia.com
HSBC Bank USA
us.hsbc.com/personal/student X X
IDAPP
www.idapp.com
International Education Finance Corp
www.iefc.com X
Iowa Student Loan Liquidity Corp
www.studentloan.org X
Key Education Resources
www.key.com
Louisiana Educationloan Authority
www.lela.org
Marquette Bank
www.loansforcollege.com X X
Medsolutions
www.mymedsolutions.com X X
Mellon Bank
www.mellon.com/edu
Michigan Higher Ed SLA
wwwmichigan.gov/mistudentaid X X
Natianal City
www.studentlender.com X X
National Education (Corus)
www.cotusslc.com
National Education (IDAPP)
www.nationaleducation.com
Navy Federal Credit Union
www.navyfcu.org X
Nellie Mae
www.nelliemae.com X X
Nelnet
www.nelnet.net X X
New Hampshire HE Loan Corp
www.nhheaf.org X X
NorthStar Total Higher Education
www.northstar.org X X
NowLoan$
www.nowloans.org X X
PLATO
www.plato.org
PNC Bank
www.eduloans.pncbank.com
Sallie Mae
www.salliemoe.com X X
SLND-Bank of North Dakota
www.mystudentloanonline.com X X
smartFUNDS
www.smartfunds.net X X
South Carolina Student Loan Corp
www.slc.sc.edu X X
Southwest Student Loan Services
www.sssc.com X X
Student Loan Funding Resources
www.studentloanfunding.com X
StaffordLoan.com
www.staffordLoan.com X X
SunTrust Education Loans
www.suntrusteducation.com X X
TCF Bank
www.tcfbank.com X X
The College Board
www.collegeboard.com
US Education Finance Corporation
www.usefc.com X X
U.S. Bank
www.usbank.com/studentloans X X
Vermont Student Assistance Corp
www.vsac.org X X
Washington Mutual
www.wamu.com X X
Wells Forgo
www.wellsfargo.com
E- OTP OTP
Company Name and URL payment Deduction Rebate
A+Funds
www.aplusfunds.com X X
Access Group
www.accessgroup.com X X
ALL Student Loan Corp
www.olistudentloon.org X X
American Education Services/PHEAA
www.aesSuccess.org X X
AMS Educational Loan Trust
www.tuitionpay.com X X X
ASAP/Union Bank and Trust
www.asopubt.com X
Assoc. of American Medical Colleges
www.aamc.org/medloans X X X
Bank One
www.studentloannet.com X X
Bank of America
www.bofa.com/studentbanking X X
Banknorth Student Loan Program
www.banknorth.com X
Beneficial Savings Bank
www.beneficialsavings.com X X
BorrowSmart-Trust
www.borrowsmart-trust.com X X
Campus Door
www.campusdoor.com
Chase Manhattan Bank
www.chase.com/educationfirst
Chela Financial
www.loans4students.com X X
Citibank Student Loans
www.studentloan.com X X
Citizens Bank
www.citizensbank.com X X
Class Credit
www.classcredit.com X X
College Foundation Inc
www.cfnc.org X X X
Collegiate Funding Services
www.2cfs.com
COSTEP
www.costep.org X X
CSLF Student Loan Foundation
www.cslf.com X X
edsouth X
www.edsouth.org
Educaid, a First Union Corp
www.educaid.com X X X
Educational Credit Management Corp
www.ecmc.org X X X
Educational Funding Services Inc
www.efsi.net X X
First Tennessee Bank
www.firsttenessee.com X X
First Virginia Bank
www.firstvirginia.com X X
Firststar Bank
www.firstarstudentfinance.com X X
FLEET
www.fleet.com/education X X
Hibernia National Bank
www.hibernia.com X X
HSBC Bank USA
us.hsbc.com/personal/student X X
IDAPP
www.idapp.com X
International Education Finance Corp
www.iefc.com X X
Iowa Student Loan Liquidity Corp
www.studentloan.org X
Key Education Resources
www.key.com X X
Louisiana Educationloan Authority
www.lela.org X X
Marquette Bank
www.loansforcollege.com X X
Medsolutions
www.mymedsolutions.com X X
Mellon Bank
www.mellon.com/edu X X
Michigan Higher Ed SLA
wwwmichigan.gov/mistudentaid X X
Natianal City
www.studentlender.com X X
National Education (Corus)
www.cotusslc.com X
National Education (IDAPP)
www.nationaleducation.com X X
Navy Federal Credit Union
www.navyfcu.org X X
Nellie Mae
www.nelliemae.com X X
Nelnet
www.nelnet.net X X
New Hampshire HE Loan Corp
www.nhheaf.org X X
NorthStar Total Higher Education
www.northstar.org
NowLoan$
www.nowloans.org X X X
PLATO
www.plato.org
PNC Bank
www.eduloans.pncbank.com X X
Sallie Mae
www.salliemoe.com X X
SLND-Bank of North Dakota
www.mystudentloanonline.com
smartFUNDS
www.smartfunds.net X X
South Carolina Student Loan Corp
www.slc.sc.edu X X
Southwest Student Loan Services
www.sssc.com X X
Student Loan Funding Resources
www.studentloanfunding.com X X
StaffordLoan.com
www.staffordLoan.com X X
SunTrust Education Loans
www.suntrusteducation.com X X X
TCF Bank
www.tcfbank.com X X
The College Board
www.collegeboard.com X X
US Education Finance Corporation
www.usefc.com X X X
U.S. Bank
www.usbank.com/studentloans X X X
Vermont Student Assistance Corp
www.vsac.org X X
Washington Mutual
www.wamu.com X X
Wells Forgo
www.wellsfargo.com X X X
Years in
Company Name and URL business
A+Funds
www.aplusfunds.com 13
Access Group
www.accessgroup.com 9
ALL Student Loan Corp
www.olistudentloon.org 22
American Education Services/PHEAA
www.aesSuccess.org 34
AMS Educational Loan Trust
www.tuitionpay.com 30
ASAP/Union Bank and Trust
www.asopubt.com 24
Assoc. of American Medical Colleges
www.aamc.org/medloans N/A
Bank One
www.studentloannet.com 37
Bank of America
www.bofa.com/studentbanking 37
Banknorth Student Loan Program
www.banknorth.com N/A
Beneficial Savings Bank
www.beneficialsavings.com 149
BorrowSmart-Trust
www.borrowsmart-trust.com 3
Campus Door
www.campusdoor.com 2
Chase Manhattan Bank
www.chase.com/educationfirst N/A
Chela Financial
www.loans4students.com 23
Citibank Student Loans
www.studentloan.com 3
Citizens Bank
www.citizensbank.com N/A
Class Credit
www.classcredit.com 12
College Foundation Inc
www.cfnc.org 47
Collegiate Funding Services
www.2cfs.com 4
COSTEP
www.costep.org 30
CSLF Student Loan Foundation
www.cslf.com 30
edsouth 14
www.edsouth.org
Educaid, a First Union Corp
www.educaid.com 18
Educational Credit Management Corp
www.ecmc.org 8
Educational Funding Services Inc
www.efsi.net 16
First Tennessee Bank
www.firsttenessee.com N/A
First Virginia Bank
www.firstvirginia.com N/A
Firststar Bank
www.firstarstudentfinance.com N/A
FLEET
www.fleet.com/education 37
Hibernia National Bank
www.hibernia.com N/A
HSBC Bank USA
us.hsbc.com/personal/student N/A
IDAPP
www.idapp.com N/A
International Education Finance Corp
www.iefc.com N/A
Iowa Student Loan Liquidity Corp
www.studentloan.org 20
Key Education Resources
www.key.com 40
Louisiana Educationloan Authority
www.lela.org 18
Marquette Bank
www.loansforcollege.com 26
Medsolutions
www.mymedsolutions.com N/A
Mellon Bank
www.mellon.com/edu N/A
Michigan Higher Ed SLA
wwwmichigan.gov/mistudentaid N/A
Natianal City
www.studentlender.com 35
National Education (Corus)
www.cotusslc.com 30
National Education (IDAPP)
www.nationaleducation.com 14
Navy Federal Credit Union
www.navyfcu.org 62
Nellie Mae
www.nelliemae.com 20
Nelnet
www.nelnet.net 30
New Hampshire HE Loan Corp
www.nhheaf.org 9
NorthStar Total Higher Education
www.northstar.org N/A
NowLoan$
www.nowloans.org 15
PLATO
www.plato.org 12
PNC Bank
www.eduloans.pncbank.com N/A
Sallie Mae
www.salliemoe.com 30
SLND-Bank of North Dakota
www.mystudentloanonline.com 35
smartFUNDS
www.smartfunds.net N/A
South Carolina Student Loan Corp
www.slc.sc.edu 28
Southwest Student Loan Services
www.sssc.com 20
Student Loan Funding Resources
www.studentloanfunding.com 21
StaffordLoan.com
www.staffordLoan.com 2
SunTrust Education Loans
www.suntrusteducation.com N/A
TCF Bank
www.tcfbank.com N/A
The College Board
www.collegeboard.com N/A
US Education Finance Corporation
www.usefc.com N/A
U.S. Bank
www.usbank.com/studentloans N/A
Vermont Student Assistance Corp
www.vsac.org N/A
Washington Mutual
www.wamu.com 30
Wells Forgo
www.wellsfargo.com 30
Company Name and URL Sample clients
A+Funds
www.aplusfunds.com Did not disclose
Access Group Graduate and
www.accessgroup.com professional schools
ALL Student Loan Corp Cal Poly, Pomona;
www.olistudentloon.org U. San Diego; USC
American Education Services/PHEAA
www.aesSuccess.org Did not disclose
AMS Educational Loan Trust Yale, Carnegie Mellon,
www.tuitionpay.com U. Michigan
ASAP/Union Bank and Trust Pepperdine, Stanford,
www.asopubt.com Mt. St. Marys College
Assoc. of American Medical Colleges Medical schools,
www.aamc.org/medloans teaching hospitals
Bank One
www.studentloannet.com Did not disclose
Bank of America Business schools,
www.bofa.com/studentbanking law schools, med schools
Banknorth Student Loan Program
www.banknorth.com New England schools
Beneficial Savings Bank
www.beneficialsavings.com Pennsylvania schools
BorrowSmart-Trust
www.borrowsmart-trust.com Did not disclose
Campus Door Private Loans to students at
www.campusdoor.com 1,600 colleges
Chase Manhattan Bank
www.chase.com/educationfirst N/A
Chela Financial
www.loans4students.com 800,000 students
Citibank Student Loans
www.studentloan.com Did not disclose
Citizens Bank
www.citizensbank.com N/A
Class Credit
www.classcredit.com Did not disclose
College Foundation Inc U. North Carolina and
www.cfnc.org NC community colleges
Collegiate Funding Services
www.2cfs.com 16,000 students
COSTEP U. Texas, Pan America;
www.costep.org Texas A&M U., Kingsville
CSLF Student Loan Foundation
www.cslf.com Connecticut schools
edsouth 450,000 students
www.edsouth.org in 18 states
Educaid, a First Union Corp
www.educaid.com 4,000 schools in 50 states
Educational Credit Management Corp
www.ecmc.org Virginia schools
Educational Funding Services Inc California Baptist U.; Chap-
www.efsi.net man U.; Devry Inst of Tech
First Tennessee Bank
www.firsttenessee.com Tennesee schools
First Virginia Bank
www.firstvirginia.com Virginia schools
Firststar Bank
www.firstarstudentfinance.com N/A
FLEET St. John's U.; Northeastern
www.fleet.com/education U (MA); Georgetown U (DC)
Hibernia National Bank
www.hibernia.com N/A
HSBC Bank USA
us.hsbc.com/personal/student Schools nationwide
IDAPP
www.idapp.com N/A
International Education Finance Corp
www.iefc.com N/A
Iowa Student Loan Liquidity Corp
www.studentloan.org Iowa Colleges
Key Education Resources
www.key.com Schools nationwide
Louisiana Educationloan Authority
www.lela.org Louisiana schools
Marquette Bank
www.loansforcollege.com Did not disclose
Medsolutions
www.mymedsolutions.com Medical schools
Mellon Bank
www.mellon.com/edu N/A
Michigan Higher Ed SLA
wwwmichigan.gov/mistudentaid Michigan schools
Natianal City
www.studentlender.com Schools nationwide
National Education (Corus)
www.cotusslc.com Did not disclose
National Education (IDAPP)
www.nationaleducation.com Did not disclose
Navy Federal Credit Union
www.navyfcu.org Military personnel
Nellie Mae
www.nelliemae.com Schools nationwide
Nelnet
www.nelnet.net Schools nationwide
New Hampshire HE Loan Corp New Hampshire
www.nhheaf.org schools
NorthStar Total Higher Education
www.northstar.org N/A
NowLoan$
www.nowloans.org Did not disclose
PLATO
www.plato.org Did not disclose
PNC Bank
www.eduloans.pncbank.com N/A
Sallie Mae
www.salliemoe.com EDMC; UCLA; USC
SLND-Bank of North Dakota U. North Dakota, Grand
www.mystudentloanonline.com Forks; North Dakota State U.
smartFUNDS
www.smartfunds.net N/A
South Carolina Student Loan Corp
www.slc.sc.edu S. Carolina students
Southwest Student Loan Services
www.sssc.com Arizona schools
Student Loan Funding Resources
www.studentloanfunding.com Ohio schools
StaffordLoan.com
www.staffordLoan.com Students nationwide
SunTrust Education Loans
www.suntrusteducation.com N/A
TCF Bank Serves clients in MN, IL,
www.tcfbank.com WI, MI, CO and IN
The College Board
www.collegeboard.com Students nationwide
US Education Finance Corporation
www.usefc.com N/A
U.S. Bank
www.usbank.com/studentloans N/A
Vermont Student Assistance Corp
www.vsac.org Vermont schools
Washington Mutual Washington State U.; Gon-
www.wamu.com zaga U.; Pacific Lutheran U.
Wells Forgo
www.wellsfargo.com N/A
NOTE: Interest rates are set by Congress and vary annually based on 91-day Treasury Bills, plus 1.7 percent during school. All lenders offer the same rate for the Stafford Loan A Stafford Loan is a student loan offered to eligible students enrolled in American institutions of higher education to help finance their education. The terms of the loans are described in Title IV of the Higher Education Act of 1965 (with subsequent amendments), which guarantees , although some give discounts for on-time and electronic payment of the loan after graduation Graduation is the action of receiving or conferring an academic degree or the associated ceremony. The date of event is often called degree day. The event itself is also called commencement, convocation or invocation. . Stafford loans disbursed between July July: see month. 1, 2001, and June June: see month. 30, 2002, receive an in-school interest rate of 5.39 percent (3.69 percent plus 1.7 percent), as well as in grace and deferment periods Deferment Period The period after the issue of callable security during which it cannot be called by the issuer. Notes: Different types of securities will have a call option allowing the issuer to buy them back at a predetermined price. . During all other periods, the interest rate is 5.99 percent (3.69 percent plus 2.3 percent). |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion