Signature Student Loan

Servicer	Sallie Mae
Phone	(888) 272-5543
Website	www.salliemae.com
Borrower	Student with creditworthy cosigner
Loan Minimum	$500
Loan Maximum	Cost of attendance minus financial aid
Aggregate Limit	$100,000
Loan Fees	0%-3% for 2008-09 academic year loans
Current Interest Rate	7.375% to 17.375% for 2008-09 academic year loans
Interest Determination	Variable, One month LIBOR + 4% to one month LIBOR + 14% depending on creditworthiness and number of eligible borrowers for 2008-09 academic year loans
Interest Capitalization	At repayment
Repayment Terms	Standard Term = 15 years Extended Term = up to 30 years
Borrower Benefits	No payments required while the student is enrolled in school. (Luther recommends making a minimum of interest-only payments while the student is enrolled) Possible release of cosigner after 24 months of on-time payments 0.5% interest rate reduction with auto-debit No prepayment penalty May be able to pay down this loan with Upromise® Rewards Easy application with online credit decision and signatures Online account access 24/7
Consolidation	Offers private loan consolidation for borrowers who have educational loans from more than one private loan

Contact Information