Hi, guys,
i just want to share some great information with you.

I fund one of the best APR for both Stafford and GraPlus Loans ! Although they are both federal loans as you might already know, lender could change the APR/term to lower than the limit the Feds capps.

So, here it is. I just signed up with them through GraduateLeverage.com, funded by Harvard students, which negotiate with all the lenders/bankers out there. They will be the primary lender, although technically they are the one who pass on the deal to us (they are not "banker").

This is far better than EdInvest/Bank of NY! Immediate reduction in APR with NO ORIGINATION FEE FOR BOTH STAFFORD AND GRADPLUS !!!

In addition, the good thing about it, is that WE CAN GET THE LOAN THROUGH GREAT LAKES as the guranteer. That means, SGU can process this right away by electronic transaction. Tell them you want to use Graduate Leverage as the lender.

Lender code #: 834172

It is not too late to change your lender/MPN, as the initial disbursement has not been made until August 11th.

Hope this will help you and me in a long run !!!

Good luck !!
Yoman.
p.s. Follow the links at the bottom or go to graduateleverage.com for further consultation.

----------------------------------------------------------------------




Dear !@#%!@#,

Thank you for choosing Graduate Leverage to help you manage your student loan debt. Now that your consolidation is complete, we are following up to provide a new Graduate Leverage service for you. In response to over 30,000 graduate students who have asked us to compliment our services by providing advice for in-school lender selection, we have enhanced our Personalized Loan Assessment system. We are providing the following Stafford and Graduate PLUS Loan Recommendation to help guide you through your future in-school borrowing options.

Recent changes to Federal student loan regulations make it necessary to reconsider what student loan provider you will use to finance your education. This recommendation includes details regarding the newly revised Stafford and Graduate PLUS loan programs. We are also providing you with a ranking of the market-leading lenders by cost, and our recommendation for a lender to use based on the terms and conditions they offer. With a wide array of lender programs, terms, conditions and repayment incentives, choosing a lender can be complex and often times confusing.

For your review, we have assembled a list of the top Stafford and Graduate PLUS lenders according to their Annual Percentage Rates (APR), to help you see the financial implication involved with choosing one lender over another. APR is a measure of a loan’s true cost. It accounts for total cost including origination fees, capitalizing interest, payment timing, qualification rate of borrower benefits, and other repayment incentives. Because of the inherent variability of lenders’ programs and because not all borrowers qualify for all repayment incentives offered by lenders, making a comparison based on APR will provide the most accurate estimation of cost.

Stafford Lender Selection:

As recent regulatory changes have made future consolidation of educational debt less attractive, your initial Stafford lender selection will now have a larger impact on your ability to minimize your debt costs. For effective debt management, understanding the program differences is essential. In general, any new Stafford loan borrowed after July 1, 2006 will have a fixed 6.80% interest rate, which differs from previous Stafford loans that had an annually adjusted variable rate. The new Stafford is subject to an Origination Fee of 2.0% of the principal amount borrowed, plus a Federal Default Fee of up to 1.0%. Often lenders will offer discounts or waivers of the statutory interest rate or fees to attract borrowers. We have assessed leading lenders based on their loan terms to help you compare programs.

In the table below we have compiled a list of the top Stafford loan lenders by best APR, and have included what interest rate you will be charged while you are in school, total interest you will pay based on a standard repayment term, as well as an example of the APR if you should choose to consolidate:

Stafford Lender Ranking:


Meritas Educational Funding

Total Higher Education (THE)

MOHELA

Wachovia

Citibank Student Loans

Key Bank

Sallie Mae

Bank of America

The Access Group

Direct Loans

NelNet

Please refer to the general assumptions at the bottom of this communication.


* Consolidation assumed to occur 6 months following in-school period.











Based on our assessment, Graduate Leverage recommends using Meritas Educational Funding for yourStafford Loans. We suggest this lender because of the superior terms and conditions they are offering, including an immediately reduced interest rate of 5.8%, a waiver of Origination and Default fees, and a resulting APR of only 5.07%. In order to obtain these terms through Meritas Educational Funding for your Stafford loan, please apply through Graduate Leverage, at the link we have provided below.

Graduate PLUS Loan Program:
After exhausting your annual Stafford Loan limits, graduate students have traditionally been offered private loans to supplement their borrowing. As of July 1, 2006 Graduate students will be able to borrow the new federally-backed Graduate PLUS loan to help meet educational costs. The Graduate PLUS loan offers a fixed interest rate that will likely be lower than private loan rates available to most borrowers. Choosing between a Private and PLUS will depend upon a number of factors involving your individual situation. Historically interest rates for PLUS loans have been substantially lower than Private loan rates for more than 80% of borrowers.

Graduate PLUS Lender Ranking:

Meritas Educational Funding
Total Higher Education (THE)
Direct Loans
Wachovia
Wells Fargo
MOHELA
Sallie Mae
Citibank Student Loans
The Access Group
Key Bank



Based on our assessment, we recommend using Meritas Educational Funding because it offers the lowest cost Graduate PLUS loan program. Meritas Educational Funding is offering a best-in-class program, with an immediate interest rate reduction and other terms that result in an Effective APR of only 7.34%. If you select our recommended lender, Graduate Leverage will work with your school’s financial aid office to ensure timely processing and delivery of your loan proceeds.

In order to obtain the program terms recommended above, please proceed to the application(s) through the link below. When you are ready to apply, your personal information will automatically populate the application(s), so you will only need to review the information for accuracy and e-sign each application/promissory note.

Link to Stafford Loan: https://www.graduateleverage.com/mystudentloanapp/authentication.aspx?ProductType=4&BorrowerID=44067
Link to PLUS Loan: https://www.graduateleverage.com/mystudentloanapp/authentication.aspx?ProductType=3&BorrowerID=44067

(Please copy these links to your browser’s address line)

If you have any questions on our analysis or would like us to calculate a comparison between Graduate PLUS and Private loans, or for other lenders not listed above, please feel free to call us at 877-552-9903 weekdays between 10 AM and 8 PM and weekends between 10 AM and 6 PM (all times Eastern Time).

Best regards,

The Graduate Leverage Team

Graduate Leverage is an independent company, not associated with your college or university. The advice provided in this recommendation is based on a thorough analysis by Graduate Leverage, but does not claim to be endorsed by or representative of your school’s preferred processes or policies. While we believe selecting a lender to borrow educational loans from is a personal decision, often schools will suggest you borrow from a lender with whom the school has developed a business relationship. It is your right to select a lender or lenders with whom you have determined to provide the best programs and features.

General assumptions on loan program calculations:

• Loan terms and conditions were gathered from lenders’ web sites, product announcements and press releases in 2006. Graduate Leverage maintains current and accurate information about lender programs, but is not responsible for any changes to lender programs, custom offerings, errors or omissions. Lenders change program terms and features without notice. This information is for planning purposes only.
• PLUS borrowing $20,000 per year, Stafford borrowing $18,500 for two years for general graduate and MBA students, three years for Law students and four years for Medical students. Loan proceeds are disbursed in two, substantially similar disbursements over each enrollment year. Subsidized portion of the Stafford loan is $8,500.
• Borrower defers payment of interest during in-school period in favor of capitalizing interest (annually) through in-school period. In-school period is assumed to be 30 months for general graduate and MBA students, 42 months for law students and 78 months for medical students.
• 3% Origination Fee for PLUS is charged to borrowers and credited to a loan’s principal balance six months after full disbursement for “zero-fee” loans.No Origination Fee for Stafford is charged to borrowers.
• 1% Federal Default Fee is not charged to the borrower.
• Borrower repays loan over a ten year period using the standard repayment term for Graduate PLUS loans and for a seven year term using CPR (Conditional Prepayment Rate) for Stafford loans.
• For repayment incentives that offer principal reductions, loans are re-amortized after the reduction occurs.
• See lender websites for specific terms and conditions.

BMedical38930