National Education Preferred Alternative Loan

http://www.nationaleducation.com
1-800-353-3357

Interest Rate Calculation:
In school: 91 day T-bill plus 3.25%
In repayment: 91 day T-bill plus 3.4% (variable rate loan)

Cosigner Requirements:
No cosigner is required for creditworthy graduate students
Must meet minimum debt to income requirements

Loan Fees:
No upfront fees
Graduate Students: 5% at repayment

Minimum Loan:
$500

Maximum Loan:
Cost minus aid

Eligibility:
Creditworthy applicant may be less than half-time if employed full-time.
No credit scoring of borrower or applicant
No current adverse credit

Repayment Terms:
6-month grace period after graduation or leaving school
20-year repayment term

Special Features:
Capitalization once at repayment
No prepayment penalty