Access Group
800.282.1550 / $11k / 20 yrs / 0% / 0%, 3%, or 6%*
6% w/cos / 3 mo. LIBOR + 2.55% or
3 mo. LIBOR + 3.75%**
(quarterly) / 9 mos. / * based on credit history
**.25% reduction for auto w/drawl
.50% reduction after 48 pymt
CitiAssist
800.745.5473 / $8k / 15 yrs / 0% / 0% / Prime +0.375%* / 6 mos. / *.25% reduction for auto w/drawl.50% reduction after 48 pymt
T.H.E. Bar Prep
888.843.3095 / $8k / 15 yrs / 0% / 0% / 3 mo. LIBOR + 3.5% w/cos
3 mo. LIBOR + 3.75% w/out
(quarterly) / 9 mos. / there is some indication that a borrower must have previously had another T.H.E. loan
Sallie Mae
800.984.0190 / $10k / 15 yrs / 6% w/cos
11.5% w/out / 0% / Prime + 2% (quarterly)* / *.25% reduction for auto w/drawl
Bar Partner
866.331.8124 / $10k / 20 yrs / 2% / 5% w/cos
8% w/out / Financial Commercial Paper Rate + 3.75% (quarterly)* / 9 mos / *.25% reduction for auto w/drawl
Nellie Mae
800.367.8848 / $8k / ? / 2% w/cos
6% w/out / ? / Prime +2% (monthly)
Prime +2.25% (annually)* / ? / * 2% deferral fee
.25% reduction for auto w/drawl
Bar Loan Stats*
Ø Current Prime rate is 4.00%
Ø Current LIBOR rate is 1.12%
F Both are currently at the lowest they’ve been in 15 years.
F According to historical data, the Prime rate has tended to move more sporadically and in larger increments than the LIBOR rate.
* This information is intended for use as approximate guide for comparison purposes only. The information contained in this document was gathered from publicly available sources and is believed to be correct at time of compilation (3/11/2004). To ensure fully informed borrowing, you should refer directly to each lender’s loan application and promissory note for exact information regarding terms, assumption, conditions, eligibility, definitions, and Annual Percentage Rate.