These lenders were chosen for their good service to our students and their great repayment benefits. We will, however, process any loan application from any lender the student chooses; students and parents are ALWAYS allowed to choose their own lender.
PHARMACOLOGY ALTERNATIVE LOANS:
| Terms / Condition | |||
| Interest Rate | LIBOR +4.75% up to 9.0% (depending on credit history) | Variable based on Index | LIBOR +2.25% to 8.0% |
| Annual Max: | Cost of education less aid | Cost of education less aid | up to cost of education minus financial aid, up to $65,000 annually |
| Aggregate Max: | $275,000 | $180,000 | $225,000 |
| Enrollment: | Full-time, half-time, or less than half-time | Full-time, half-time, or less than half-time | Full-time, half-time |
| Origination Fee: | Zero to 3.5% | Zero | Zero to 6.0% |
| Repayment Begins: | 9 months after graduation/separation | 6 months after graduation/separation | Payments may begin immediately or can be deferred while enrolled at least half-time |
| Fees at Repayment: | None | None | |
| Repayment Period: | Up to 25 years | 15 years | Up to 25 years (depending on amount borrowed) |
| Interest Capitalization: | At repayment | At repayment | At repayment |
| Co-signer Required: | Not required in most cases | Most students will require a co-signer | Most students will require a co-signer |
DENTAL ALTERNATIVE LOANS:
| Terms / Condition | |||
| Interest Rate: | LIBOR +4.75% up to 9.0% (depending on credit history) | Variable based on Index | LIBOR +2.25% to 8.0% |
| Annual Max: | Cost of education less aid | Cost of education less aid | up to cost of education minus financial aid, up to $65,000 annually |
| Aggregate Max: | $275,000 | $250,000 | $225,000 |
| Enrollment: | Full-time, half-time, or less than half-time | Full-time, half-time, or less than half-time | Full-time, half-time |
| Origination Fee: | Zero to 3.5% | Zero | Zero to 6.0% |
| Repayment Begins: | 9 months after graduation/separation | 6 months after graduation/separation | Payments may begin immediately or can be deferred while enrolled at least half-time |
| Fees at Repayment: | None | None | |
| Repayment Period: | Up to 25 years | 20 years | Up to 25 years (depending on amount borrowed) |
| Interest Capitalization: | At repayment | At repayment | At repayment |
| Co-signer Required: | Not required in most cases | Most students will require a co-signer | Most students will require a co-signer |
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