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TruFit Student Loan®
See the TruFit Student Loan page
for important disclosure information
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A smart and affordable way to cover your remaining college expenses
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Up to total cost of attendance minus financial aid
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Up to 6 months after graduation
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15 years
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Fixed Option: As low as
5.75%1
Variable Option: As low as 1-month LIBOR plus 2.50%1
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Federal Direct Stafford
Loan
(subsidized2)
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Guaranteed loans based on financial need
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$3,500 - $8,500/yr depending on yr in school
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Up to 6 months after graduation
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10 years
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3.40%3
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Federal Direct Stafford
Loan
(unsubsidized)
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Guaranteed loans open to all students regardless of financial need
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$5,500 - $20,500/yr depending on yr in school
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Up to 6 months after graduation
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10 years
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6.80%3
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Federal Direct PLUS Loan
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Loans for parents and graduate students based solely on your good credit
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Up to total cost of attendance minus financial aid
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60 days after full disbursement
Parents may defer payments while the student is enrolled at least half-time
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10 years
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7.90%4
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1 Interest rates as low as one-month
plus 2.00% if borrowers take advantage of the 0.50% interest
rate reduction benefit for automating payment from any eligible Citizens Bank account
while in repayment. Borrowers must reside in the following states in order to open
an eligible account: CT, DE, MA, NH, NJ, NY, OH, IL, MI, PA, RI, VT. Variable rate,
based on the one-month London Interbank Offered Rate (“LIBOR”) published in The
Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding
calendar month. As of May 1, 2013, the one-month LIBOR rate is 0.20%.
Variable interest rates range from 2.70% - 9.45% (2.70% - 9.21% APR) and will fluctuate over
the term of your loan with changes in the LIBOR rate and may vary based on applicable terms
and presence of a cosigner. Fixed interest rates range from 5.75% - 11.75% (5.75% - 11.51% APR)
based on applicable terms and presence of a cosigner. Subject to additional terms and
conditions and rates subject to change at any time. Citizens Bank reserves the right to modify
interest rates and loan margins at any time without notice. Such changes will only apply to
applications taken after the effective date of change. Please note: Due to federal regulations,
Citizens Bank is required to provide every potential borrower with disclosure information before
they apply for the private student loan. You will be presented with an Application Disclosure within
the application process before you accept the terms and conditions of your loan.
2Subsidized Stafford Loans are offered to students with a demonstrated
financial need.
3Beginning July 1, 2011 the fixed rate for subsidized
Direct Stafford Loans for undergraduate students will be 3.40%. Unsubsidized Direct
Stafford Loans will remain at 6.80%.
4Effective July 1, 2006, the fixed rate, set by the federal government,
is 7.90%.
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