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Suggested Alternative/Private Loans 09-10 for International Students

Carnegie Mellon University, Tepper School of Business 2009-2010 Suggested Private/Alternative Loan Lenders & Benefits

Each year you are required to reapply for the Private/Alternative loan as indicated below.

  • Information was provided by the lenders and the benefits are accurate as of 07/31/2009.

  • All information is subject to change at anytime.                                               

Chase Select

  • 0% Origination Fees
  • 0% Disbursement Fees
  • 0% Repayment Fees
  • 0.25% interest rate reduction for enrolling to make automatic payments
  • Co-signer release after 36 consecutive payments.
  • International students with a valid Social Security Number and a U.S. address must have a creditworthy co-signer who is a U.S. CItizen or Permanent Resident. We recommend applying via phone to ease the application process.
  • Variable rate based on Libor plus 3.95%-7.00% basis points based on your/your cosigner's credit history.
  • Apply Online
  • Lender Code: 503000

Citibank

  • Origination fees range from 0 to 6% based on the amount that you borrow.
  • 0% Disbursement Fee
  • 0% Repayment Fee
  • .25% interest rate reduction for auto debit
  • Co-signer release after 24 consecutive payments 
  • International students must have a creditworthy cosigner who is a U.S. Citizen or Permanent Resident.
  • Variable rate based on 3 month Libor plus 4.75% to 11.50%.
  • Apply Online  

Citizen's Bank- True Fit Student Loan

  •  0-5% Origination Fee
  • 0% Disbursement Fee
  • 0% Repayment Fee.
  • .50% Interest rate reduction for automatic payment from an eligible Citizen's bank account.
  • Co-signer release after 36 consecutive on-time payments.
  • International students must have a creditworthy cosigner who is a U.S. Citizen or Permanent Resident and must call to complete the paper loan application process.
  • Variable interest rates based on 1 month Libor rate plus a margin ranging from +3.00 to +12.00.
  • Apply Online
  • Lender Code:700700

Wells Fargo

  • 0% Origination Fee
  • 0% Disbursement Fee
  • 0% Repayment Fee
  • .25% interest rate reduction for auto debit
  • .50% interest rate reduction upon graduation
  • Co-signer release after the first 24 consecutive on-time monthly payments.
  • The interest rate is variable and equal to the Index plus a specific margin. - http://wfefs.wellsfargo.com/jump/rates.html#graduate
  •  International students with a valid Social Security Number and a U.S. address must have a creditworthy co-signer who is a U.S. CItizen. We recommend applying via phone to ease the application process.
  • Interest rate tiers are Prime + a margin ranging from +1.0 to +7.99.
  • Apply Online.
  • Lender Code: 807176

 

 

 

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