Wells Fargo Collegiate Loan

Servicer	Wells Fargo Education Financial Services
Phone	(800) 658-3567
Website	https://www.wellsfargo.com/student/undergrad/collegiate/
Borrower	Student with creditworthy cosigner
Loan Minimum	$1,000
Loan Maximum	Cost of attendance minus financial aid
Aggregate Limit	$120,000 - including all educational loan debt
Loan Fees	None
Current Interest Rate	6.00% to 12.99% beginning November 14, 2008
Interest Determination	Variable, set monthly at Prime + 2.0%, Prime + 3.49%, Prime + 5.49%, Prime +6.49%, Prime + 7.99% and Prime +8.99% based on co-signer credit history
Interest Capitalization	Once at repayment and again following any uninterrupted period of deferment or forbearance
Repayment Terms	15 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) Cosigner release option after 24 consecutive on-time payments and satisfactory credit history Instant credit decsions 0.25% interest rate reduction for automatic withdrawal of loan payments from a personal checking or savings account 0.50% interest rate reduction at repayment upon verification of graduation

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