Private Loan Comparison Chart

The Office of Student Financial Services is committed to securing and sharing with our students and their families accurate information about the best available rates, benefits and service.  Our research indicates that the lenders listed below offer our students excellent customer service, competitive interest rates and borrower benefits. Georgetown students are not, however, required to select a lender from this loan comparison chart; students are free to select any eligible lender for their loans.  If you encounter a loan program that you would like us to review for potential inclusion here, please provide the information to the Office of Student Financial Services.  Please see the text below for information about loan processing.*

Signature Student Loan^® Lenders:

Sallie Mae Education Trust**

SunTrust**

• Interest rates: As low as Prime minus 1% with 0% fees.
• Disbursement Fee: 0%
• Repayment Fee: 0% when cosigner and borrower are credit approved or 3% if only one is approved.
• Borrower Benefit: 0.50 percentage point interest rate reduction for auto debit.
• Loan Limits: $500 up to cost of attendance minus other financial aid.
• In-school deferment: Students are not required to make payments while they remain enrolled in school at least half-time.
• Upromise Loan Link^SM to help pay down student loan balance.
• No income requirements for student borrowers. No payment required while in school.
• Six-month grace period
• Affordable 15-year repayment term.
• Cosigner release option. After 24 consecutive on-time payments of principal and interest, US citizen or permanent resident borrowers may request a co-signer release.  Borrowers must meet applicable credit requirements at that time.

Terms and conditions apply

Undergraduate Students

Graduate Students

CitiAssist Private Loan

Citibank

• Interest rates: As low as Prime minus .50% with 0% fees.
• Disbursement Fee: 0%
• Repayment Fee: 0%
• Borrower Benefit: 0.25 Interest rate reduction for students who have their loan payments withdrawn electronically from their bank account through Citibank's E-Z Pay service.
• Borrower Benefit: 0.50 Interest rate reduction for students who make their first 48 consecutive required 48 monthly on time payments.
• Loan Limits:$120,000 undergraduate aggregate borrowing level ($150,000 for graduate)
• In-school deferment: Up to 6 years with option to pay accruing interest while they remain enrolled in school at least half-time.
• Six-month grace period
• Affordable 20-year repayment term.
• Cosigner release option. After 48 consecutive on-time payments of principal and interest, US citizen or permanent resident borrowers may request a co-signer release.  Borrowers must meet applicable credit requirements at that time.

Other Lender

• Please consult these lenders for the specific details pertaining to their current rates and benefits. Please read the text below for processing instructions.

*The Office of Student Financial Services is committed to providing the students and parents of Georgetown University the best customer service, regardless of your choice of lender.  Students who choose to utilize a lender specifically named on the loan comparison chart will be able to complete all of their loan processes on-line.  Students who choose to utilize a lender not in any way referenced on the comparison chart will need to contact the lender directly to complete an application with them.
 
The Office of Student Financial Services has recently increased the number of lenders from which it can receive funds in the form of an electronic transfer.  If you select your lender from the “Other Lender” section, you will be directed to Sallie Mae’s Opennet website.  On this site, you will be able to complete an electronic master promissory note with your designated lender.  Sallie Mae is merely acting as an electronic disbursing agent for your funds and does not have any involvement with the terms and conditions of your loan.  Sallie Mae’s relationship with these lenders has been established solely to facilitate the on-line processing of your master promissory note and the electronic transfer of your funds.

If your lender is not listed on our loan comparison chart or referenced in the "Other Lender" section, we are unable to process any aspect of your loan electronically.  You will need to complete your application directly with the lender. The lender will send us a paper certification request and your funds will disburse in the form of a paper check that is mailed to the Office of Student Financial Services. The paper process does not remove the estimated financial aid from the student account, but it can delay the deposit of actual funds into the account.  We will process your loan as expeditiously as possible.

**SunTrust and Independence Federal Savings Banks are partners in Sallie Mae's Signature Student Loan Program and sell Signature Student Loans to an affiliate of Sallie Mae.

***Students and parents who join Upromise^® can link their eligible Sallie Mae-serviced loan account to their Upromise account and designate all or a percentage of the rewards earned through Upromise to help pay down their student loan balances.