| Apply now using the Sallie
Mae web site and to access Sallie Mae's Laureate®
loan processing system. Complete the online application and
get pre-approved in less than 5 minutes. Co-borrowers
can apply online, too! If you have any questions after completing
your pre-approval application, please call Sallie Mae at 800/695-3317.
You can apply for a Signature Student Loan if you are admitted
to FHSU as a degree seeking student, have at least a 2.0 cumulative
GPA, and will enroll at least half time. No income is required
for student borrowers. Those with established credit may be
eligible without a co-borrower. Most freshmen, all foreign
students, and those with low credit or no credit history will
need a co-borrower.
You can borrow up to the total cost of your education, minus
any other aid, as determined by the FHSU Financial Assistance
Office. Cost of attendance includes tuition, fees, room and
board, computer and other education-related expenses. (Lifetime
maximum is $100,000.)
As the charts below show, interest rates and fees for the
Signature Student Loan are low, and they reward borrowers
who have the best credit. In addition, for borrows who have
a creditworthy co-borrower, the Signature Student Loan offers
even lower rates and fees.
With a co-borrower
Credit |
Interest Rate |
Disbursement Fee |
Repayment Fee |
| Excellent |
Prime + 0% |
0% |
0% |
| Good |
Prime + 1% |
0% |
0% |
| Fair |
Prime + 3.50% |
6% |
0% |
Without a co-borrower
Credit |
Interest
Rate |
Disbursement
Fee |
Repayment
Fee |
| Excellent |
Prime + 0.50% |
0% |
3% |
| Good |
Prime + 1.25% |
3% |
3% |
| Fair |
Prime + 4% |
6% |
3% |
*This information is applicable for loans first disbursed between
June 1, 2003 and May 31, 2004. |
