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Stafford Loan Preferred Lenders

Remember to apply online directly to your lender of choice

Alternative Loan Preferred Lenders

Grad-Plus Loan Preferred Lenders

Stafford Lender List MEDLOANS North Star
(T.H.E.)		 University of Chicago * Chase Medical
Servicer/
Guarantor		 Sallie Mae/USA Funds Great Lakes IDAPP/ISAC Great Lakes
Loan Information MEDLOANS T.H.E. IDAPP CHASE
Apply Online MEDLOANS T.H.E. IDAPP CHASE
Interest rate † 6.8% fixed for life of the loan
Repayment Rate † 6.8% fixed for life of the loan
Aggregate Loan Limit $189,125
Origination
Fee		 0% 0% 0% 0%
Repayment Benefits
  • .30% rate reduction on unsubsidized loans, awarded at 1st disbursement.
  • 1% reduction after 1st on-time payment. *
  • .75% reduction for Direct Debit.
  • "Back on Track" policy available.
*Eligibility based on meeting specific terms.
  • During repayment, an immediate monthly credit currently equal to 1.3% annual savings.*
* More than 95% of T.H.E. borrowers recieve the repayment benefit described.
  • 1% rate reduction after 24 consecutive on-time payments, plus another 1% reduction after an additional 24 consectuive, on-time payments.
  • .25% reduction for payments made through Direct Debit Program.
  • .60% rate reduction for Direct Debit.
  • 1% reduction for making 12 initial on-time payments.
  • 1% additional reduction after making 36 on-time payments.
Guarantee
Fee		 0%
 0% 0% 0%
Capitalization Once at repayment

* After you graduate or leave the U of C, your UC Stafford loans will be sold to IDAPP. You will not experience any interruption of service due to the sale and you will retain all borrower benefits.

† Interest rates are based on 7/01/06 data.