Bank of America GATE Student Loan

Interest Rate Calculation:
1-Month LIBOR plus 4.00% (variable rate loan)

Cosigner Requirements:
No cosigner required

Loan Fees:
5% origination fee

Minimum Loan:
None

Eligibility:
International students need a creditworthy U.S. cosigner
Students must be half-time

Repayment Terms:
6-month grace period after graduation or leaving school
5 years interest only option
13 year repayment term

Special Features:
One time capitalization
No prepayment penalty
No credit test; negative credit review