Wednesday, 4 January 2012

ALERT: January Student Loan Rates

SimpleTuition helps you plan, pay less and pay back smarter on your college expenses.
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January Student Loan Rate Update

Each month SimpleTuition provides a comprehensive survey of private student loan rates offered by major lenders. Interest rates, fees and loan terms tend to change over time—the loan that was the best "deal" last year may no longer be the best choice, so be sure to always compare your options.

Customize these private student loan options

Private Student Loan Rates as of January 2012

Lender   Monthy Pmt. Total Cost APR # of Pmts.  
Charter One as low as: $56 $10,036 2.96% 180
APPLY
up to: $102 $18,312 9.70% 180
Chase as low as: $49 $11,836 3.81% 240
More Info
up to: $90 $21,566 9.57% 240
Citi as low as: $58 $10,402 3.34% 180
APPLY
up to: $98 $17,729 9.32% 180
Citizens Bank as low as: $56 $10,036 2.96% 180
APPLY
up to: $102 $18,312 9.70% 180
Discover as low as: $57 $10,283 3.22% 180
APPLY
up to: $98 $17,557 9.20% 180
PNC as low as: $58 $10,523 3.46% 180
More Info
up to: $111 $20,002 10.78% 180
Sallie Mae®* as low as: $111 $8,461 2.25% 72
More Info
up to: $136 $11,535 9.12% 72
SunTrust as low as: $135 $8,121 2.97% 60
APPLY
up to: $146 $8,758 5.87% 60
Union Federal as low as: $53 $9,616 3.29% 180
APPLY
up to: $71 $12,760 7.41% 180
U.S. Bank as low as: $58 $10,475 3.41% 180
More Info
up to: $109 $19,630 10.55% 180
Wells Fargo as low as: $58 $10,523 3.46% 180
More Info
up to: $101 $18,240 9.66% 180

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Remember to always shop around!

—The SimpleTuition Team

The calculations above are estimates and are intended for comparison purposes only and are based on current loan indices. SimpleTuition, Inc. has relied solely upon lender information and, to the extent applicable, information that you have provided regarding your interest in obtaining a loan. Lender information may change at any time. Although SimpleTuition has attempted to provide accurate information to you, it assumes no responsibility for typographical or other errors or omissions in the information provided. SimpleTuition is not a lender and makes no representations or warranties about your eligibility for a particular loan. All credit decisions, including loan approval and the rates, terms and other costs of the loan you are offered, are the sole responsibility of the lenders and may vary based upon the lender you select. We urge you to review carefully each lender's loan application and promissory note for final loan terms, including incentives or Borrower Rewards. Borrower Rewards may not be automatically available and you may not be eligible for certain Borrower Rewards. Above marks may or may not be registered trademarks of their respective owners.

The calculations are based on a search for a loan amount of $7,500 with 33 months in-school deferment. Some lenders may require in-school repayment and the borrower may choose alternative payment structure not shown here.

*The payment amount listed represents the estimated out-of-school payment. The loan requires in-school payments of $14 for a total of $462 for good credit borrowers.

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