<

RESOURCES
Examples of Private Educational Loans
Hope College Expense Planner
Questions to ask about private educational loans
Student Loan Borrower Resource Guide
Current Prime and LIBOR Interest Rates

EXAMPLES of LOAN PROGRAMS

• FEDERAL DIRECT PLUS LOAN (parent/stepparent only)
• CAMPUS DOOR ALTERNATIVE EDUCATION LOAN(in particular, student borrowers with no credit unable to obtain a cosigner should contact lender for details)
• CHASE SELECT (in particular, student borrowers unable to obtain a cosigner should contact lender for details)
• CITIASSIST LOAN
• KEY ALTERNATIVE LOAN
• MI-LOAN - The State of Michigan has suspended this loan program as of February 12, 2008. No applications are currently being accepted.
• WELLS FARGO COLLEGIATE (in particular, student borrowers with minimal credit unable to obtain a cosigner should contact lender for details)

It is always recommended that students apply for need-based financial aid through the FAFSA for grants and lower cost loans before resorting to a private loan.

Be sure to understand the loan terms and benefits of each loan you may be considering. Most information is readily availalbe on the lender website, but if you have further questions, contact the lender directly. It is extremely important that you are aware of all possible rates, fees, grace periods, repayment terms, and borrower benefits each lender offer may offer before you make a decision about borrowering.

Private Loan Dates

Private loan applications require a requested loan period. Use the following dates, always applying for the full year unless the student is attending only one semester.

• Summer 2008: 05/05/2008 to 07/31/2008.
• Fall 2008 - Spring 2009: 08/01/2008 to 05/09/2009.
• Fall ONLY 2008: 08/01/2008 to 12/12/2008.
• Spring ONLY 2009: 12/15/2008 to 05/09/2009.