Loan Terms
|
| Medfunds Graduate Stafford Loan |
| Lender Code 834040 |
| Origination Fee |
0% |
| Guarantee Fee* |
0% |
Interest Rate
School, Grace, Deferment |
4.70%
(91 Day T-Bill + 1.7%) |
Interest Rate
Repayment |
5.30%
(91 Day T-Bill + 2.3%) |
| Interest Rate Capped at 8.25% |
| Annual Loan Limit |
Subsidized: $8,500
**Unsubsidized: $10,000 |
| Aggregate Loan Limit |
$138,500 |
| Grace Period |
6 months |
| Capitalization |
Once at Repayment |
| Repayment Incentive |
3.3% Principal Reduction after 33 on-time payments |
| Originator/Servicer |
Sallie Mae
PO Box 59012
Panama City, FL 32412-9012
Customer Service: (888)272-5543 |
| *Waived by most guarantors |
| **Additional Unsub available; see your financial aid officer |
|
|
| Medfunds Undergraduate Stafford Loan |
| Lender Code 833810 |
| Origination Fee |
2%* |
| Guarantee Fee* |
0% |
Interest Rate
School, Grace, Deferment |
4.70%
(91 Day T-Bill + 1.7%) |
Interest Rate
Repayment |
5.30%
(91 Day T-Bill + 2.3%) |
| Interest Rate Capped at 8.25% |
| Aggregate Loan Limit |
$46,000 |
| Grace Period |
6 months |
| Capitalization |
Once at Repayment |
| Repayment Incentive |
3.3% Principal Reduction after 33 on-time payments |
| Originator/Servicer |
Sallie Mae
PO Box 59012
Panama City, FL 32412-9012
Customer Service: (888)272-5543 |
| *Waived by most guarantors |
|
|
Medfunds Parent PLUS Loan
Academic Year 2006—2007 (Effective July 1, 2006) |
| Lender Code 833810 |
| Origination Fee |
3% |
| Guarantee Fee* |
1% |
| Interest Rate |
8.5% |
| Annual Loan Limit |
Cost of students education less other aid received |
| Grace Period |
60 days from disbursement |
| Capitalization |
Once at Repayment |
| Repayment Term |
10 Years |
| Originator/Servicer |
Sallie Mae
PO Box 59012
Panama City, FL 32412-9012
Customer Service: (888)272-5543 |
| Effective July 1, 2005 – June 30 2006 |
| Lender Code 833810 |
| Origination Fee |
3% |
| Guarantee Fee* |
0% |
| Interest Rate |
6.10%
(91 Day T-Bill + 3.1%) |
| Interest Rate Capped at 9.00% |
| Annual Loan Limit |
Cost of students education less other aid received |
| Grace Period |
60 days from disbursement |
| Capitalization |
Once at Repayment |
| Repayment Term |
10 Years |
| Originator/Servicer |
Sallie Mae
PO Box 59012
Panama City, FL 32412-9012
Customer Service: (888)272-5543 |
| *Waived by most guarantors |
|
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