| Enter Total Loan
Amount |
|
|
| |
| |
Standard Loan
|
Lender A*
|
Lender B*
|
College Foundation, Inc.
|
| Insurance
Premium |
1%
|
1%
|
0%
|
0%
|
| Origination Fee |
3%
|
3%
|
3%
|
3%
|
| Credit for
Origination Fee |
0%
|
0%
|
0%
|
(3%)
|
| Interest Rate Max |
9.00%
|
9.00%
|
9.00%
|
9.00%
|
| Automatic
Payment Reductions |
| Payment by
Automatic Debit |
none
|
0.25%
|
0.25%
|
0.25%
|
| 24 month on-time reduction |
none
|
none
|
none
|
0.50%
|
| 36
month on-time reduction |
none
|
none
|
none
|
1%
|
| 48 month on-time reduction or
last 6 payments forgiven |
none
|
none
|
none
|
**
|
| Total
Savings Up To |
zero
|
$224
|
$324
|
$1,965
|
| * Note: While actual
lender names are not used in this comparison, "Lender A" and "Lender
B" do represent real national lenders. |
| ** Note: College
Foundation offers the choice of a 2% interest rate reduction or the
forgiveness of the last 6 payments. This example reflects savings
based upon the forgiveness of the last 6 payments. |
