Welcome to the Private Loan page for The College of William & Mary.
Please read and follow all instructions.
The following are preferred lenders for The College of William & Mary. Student borrowers should carefully compare borrower benefits offered by each lender before making a selection. Choose your lender based on the benefits that are the best fit for you, even if you do not have an existing relationship with that lender.
When you have decided on a lender, click on the lender name to proceed to the next step.
| Access Group |
- No fees
- Interest Rate:
- 3 month LIBOR + 2.75% (for those with best credit)
- 3 month LIBOR + 3.95% (for most borrowers)
- 3 month LIBOR + 6.45% (for marginal credit or cosigned loans)
- Easy online application with instant credit decision
- 0.50% interest rate reduction when the first 48 monthly payments are on time
- 0.25% interest rate reduction for auto debit
- Loans available for international, part time and continuing education students
- Cosigner release option
- Nine month grace period; Up to 20 years to repay
- In-house servicing for new borrowers after July 1, 2004
- Convenient combined billing with other Access Group loans
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| Sallie Mae |
- New price ranges with competitive pricing that rewards creditworthiness
- One eligible individual: LIBOR +2% to LIBOR + 7.5%
- Two eligible individuals: LIBOR + 2% to LIBOR + 6%
- Zero Fees
- A .50 percentage point interest rate reduction with auto-debit
Advantages for Students & Families
- No income requirement
- Cosigner release available after the first 24 on-time payments of principal and interest
- Six month grace period
- 24/7 on-line account management with Manage Your Loans(SM)
- Sallie Mae's Upromise Loan Link(SM) service can help students and families pay down student loans
- Combined billing for borrowers with multiple Sallie Mae loans
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| Wachovia |
- Wachovia Private Loans for Graduate and Professiional Students
- Zero origination, guarantee, repayment, disbursement, and co-signer fees
- Interest rate as low as the Prime Rate minus– 0.50% to Prime + 4%
- Interest rate reduction of -0.50% available with auto debit payments
- No income documentation required for most borrowers
- No minimum credit hours, no SAP required, and can use for Non-Degree students
- Borrow up to Cost of Attendance – other aid ($15,000 for Bar and Residency)
- Finance current or past-due balances up to 3 years old (no current enrollment required)
- Students may apply alone or with a co-borrower (co-borrower release available after 36 months)
- International students are eligible with a U.S. co-signer
- Online application for faster funds (can apply up to 180 days before first disbursement)
- Flexible repayment with ability to suspend or reduce payments during times of financial difficulty (up to 24 months for hardship forbearance) and up to 25 years to repay
- Make NO Payments with in school deferment up to 10 years
- Interest capitalizes 6 months after graduation or 6 months after student leaves school
- 6 month grace period (9 months for Law, Bar, Medical and Residency loans)
- Minimum loan amount $500
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| CitiAssist |
- CitiAssist is available to borrowers attending less than half-time.
- Interest rate as low as 4.50%
- Fees as low as 0%
- Co-borrower can apply for a co-signer release after 24 on-time payments.
- In-school forbearance and deferment options are available.
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