University of Phoenix - Private Loans

Please note the student may choose any eligible lender and the University will process the student's request. The University Preferred Lenders list is reviewed quarterly, to include lenders that offer additional borrower benefits, have exceptional operating standards, possess technology wherewithal, and are committed to providing outstanding service and expedited processing by meeting or exceeding established performance standards. For additional information on method and criteria for selecting a preferred lender, please click here.

Lender:	Bank of America (888) 875-0024 Lender Code: 831495	Citibank (800) 967-2400 Lender Code: 826878	Fifth Third Bank (888) 777-9959 Lender Code: 808780	Sallie Mae® Education Trust (888) 777-9959 Lender Code: 802218	Wachovia (800) 338-2243 Lender Code: 830005	Wells Fargo (800) 658-3567 Lender Code: 807176
Guarantor:	EdFund	Educational Credit Management Corporation	USA Funds	USA Funds	Texas Guaranteed Student Loan Corporation	EdFund
Servicer:	ACS	Citibank	Sallie Mae®	Sallie Mae®	ACS	Wells Fargo
Federal Default Fee	0%	0%	1.00%	1.00%	0%	0%
Origination Fee	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%
Total Fee Savings if Amount Borrowed is $10,000:	$100	$100	$0	$0	$100	$100
Immediate Upon Repayment	0.25% interest rate reduction for Bank of America checking or savings account customers Bank of America checking or savings account must be open for at least 60 days between student's loan disbursement and first scheduled payment. Theinterest rate will be reduced shortly after the first scheduled on-time payment is received. Once earned, the benefit applies for the life of the loan.
ACH		0.25% interest rate reduction for payments automatically deducted from a bank account	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for ACH automatic payment	0.25% interest rate reduction for auto-debit payment
Electronic Statements Required	No	Yes	No	No	No
On-time Payment Requirement	Payment on-time if made within 15 days from payment date to achieve and maintain the benefits
The lender reserves the right to modify, extend, or discontinue these benefits at any time without notice. Borrower benefits may be terminated in the event of a default or failure to meet qualification criteria.