SUGGESTED LENDER LIST FOR PRIVATE LOAN OPTIONS AVAILABLE TO INTERNATIONAL GRADUATE STUDENTS

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1 The chart below otlines the lender contact information and the lender description of the fee strctre, interest rates, and borrower benefits associated with each lender s private loan prodct for loans disbrsed on or after Jly 1, 2014, except where otherwise noted. Contact the lender directly for any pdated information and for any additional disclosre information. Althogh the financial aid offices have attempted to provide accrate information, the accracy, cpleteness and reliability of the information is not garanteed by Colmbia University. Borrowers shold review and verify the exact terms, conditions, qalifications, and disclosres associated with any loan prodct with the lender. s listed here are merely sggested lenders. This is not an exhastive list of available lenders. Stds have the right and ability to select the edcation loan provider of their choice, are not reqired to se any of these sggested lenders and will sffer no penalty for choosing a lender that is not inclded here as a sggested lender. If yo find a better rate, please inform the financial aid office of yor school. Name Fee All s Borrower Reqirems Co-signer is Reqired by All s Annal Limit Ph: TrFit Std for Gradate Stds TrFit Std for Law Stds TrFit Std for MBA Stds TrFit Std for Medical and Dal Stds Docmation* Social Secrity Nmber reqired U.S. address not Reqired for application Ph: DiscoverStds.c Discover Health Professions Discover Residency Discover Law Discover Bar Exam Discover MBA s with GMAT Test-Taker Reward Discover Gradate Edcation Ph: EDvestinU Private Std Ph: ern ational Sallie Mae Smart Option Std Sallie Mae Residency and Relocation Sallie Mae Bar Stdy Ph: loa ns.c Union Federal Private Std 0% Application Fee, Origination Fee, & Repaym Fee Exceptions are: Sallie Mae Bar Stdy : 0% to 5%, depending on the borrower s and/or cosigner s creditworthiness Valid Social Secrity nmber Temporary U.S. address reqired for application Docmation* Social Secrity Nmber reqired Need to er U.S. address for initial application Docmation* Social Secrity Nmber reqired Need at least one U.S. address prior to loans disbrsem (i.e. on or off camps address) Docmation* Social Secrity Nmber reqired US address not Reqired (Need at least one U.S. address prior to loans disbrsem (i.e. on or off camps address)) Valid and Unexpired Immigration Service Docmation are idified as follows (please doble check with lender in regards to specific reqirems): U.S. Visa (If the std borrower is already in the United States and the expiration date on the std visa has occrred Crr USCIS Form I-94 (Arrival/Departre Record) Temporary Card I-688 Temporary Resid Card I-688A Employm Athorization Card I-688 B Temporary Resid Card (Work Restrictions and Conditions) I-20 School Form DS-2019 Form I-94 with an expiration date in the ftre will be reqired) Cost of edcation less any financial aid received Cost of attendance mins other aid, as determined dring school certification Co-Signer Mst Be: Creditworthy/Qalified a U.S. Citizen or Perman Resid Cost of attendance less other aid : Borrow p to 100% of yor school-certified cost Minimm: $1,000 Cost of attendance less other aid or $65,000 (whichever is Std, Last revised Page 1 of 7 Ph: Wells Fargo Gradate SM for Health Professionals Temporary or Perman Resid Alien Valid Social Secrity nmber Need crr U.S. address (i.e. on or off camps address) Cost of edcation mins other financial aid

2 DiscoverStds.c Edcation Aggregate Limit May inclde all other edcational debt for all other disciplines Credit Criteria Interest Rates Gradate: $150,000 Law & MBA: $175,000 Medical & Dal: $225,000* Residency : p to $18,000 (Distry, Allopathy, Osteopathy, Optetry, Podiatry, Pharmacy, Veterinary programs) Residency : p to $5,000 (Nrsing, Physical Therapy, Occpational Therapy, Physician Assistant programs) Bar Exam : p to $16,000 Discover Health Professions & Residency *: $275,000- Distry, Allopathy, Osteopathy, Optetry, Podiatry, Pharmacy, Veterinary programs Discover Law, Bar Exam, MBA & Health Professions * (Nrsing, Physical Therapy, Occpational Therapy, Physician Assistant programs): $180,000 Discover Gradate of attendance (minimm $1,000) : Up to $20,000 Bar Stdy : Up to $15,000 $200,000 : $200, 000 Residency & Relocation : $20,000 Bar Stdy : $15,000 less) The annal loan limit for temporary resid aliens is $35,000 $150,000 Wells Fargo Gradate SM *: $180,000 for law and bsiness $120,000 for other fields of stdy, for Health Professionals*: $250,000-allopathic (MD) or osteopathic (DO) medicine and distry $180,000- all other disciplines *: $150,000 tilize proprietary nderwriting criteria that consider credit history and other factors inclding Minimm credit score based on cst lender credit approval process. Interest rates and fees are based on the creditworthiness of both the borrower and cosigner; applying with a creditworthy cosigner may help yo qalify. Variable Rate: The variable interest rates are eqal to the Prime Index pls Margin. The Margin ranges are based on credit evalation and are set at the time of loan origination. Fixed Rate: The fixed interest rates are based on credit criteria evalation and are set at the time of loan origination for the life of the loan. LIBOR rate is eqal to the average of the 1-month LIBOR rates as pblished in the Money Rates section of the Wall Street Jornal on the first bsiness day of each of the 3 calendar months immediately preceding each qarterly adjstm date. Std, Last revised Page 2 of 7

3 DiscoverStds.c Edcation Fixed Interest Rates Gradate Stds: s 5.25% to 11.25% MBA & Law 4.75% to 10.75% Medical and Dal 4.50% to 10.50% & MBA: 5.99% to 9.49% Residency, Bar & Gradate 5.99% to 10.99% t Applicable Only 5.75% to 8.875% (: 5.74% to 8.56%) t Applicable Effective Jne 13 th, 2014: 4.75% to 11.25% (: 4.751% to %) Wells Fargo Gradate SM for Health Professionals 6.74% to 9.74% Variable Interest Rates (Index = Prime) Gradate 1-month LIBOR* % to 8.75%. MBA & Law 1-month LIBOR* % to 8.50% Medical and Dal 1-month LIBOR % to 8.25% Effective Jne 1 st, 2014: & MBA: 5.99% to 9.74% Residency: 5.99% to 9.99% Bar: 5.99% to 11.24% Gradate: 5.99% to 10.74% & MBA Prime Index % to Prime Index % Residency, Bar & Gradate Residency Prime Index % to Prime Index % Effective Jne 1 st, 2014: & MBA: 3-Month LIBOR % to 3-Month LIBOR % Residency: 3-Month LIBOR % to 3- Month LIBOR % Bar Exam: 3-Month LIBOR % to 3- Month LIBOR % Gradate: 3-Month LIBOR % to 3- Month LIBOR % With Co-signer 1ML + (3.0% - 9.0%) 1-month LIBOR + 2% to LIBOR % (s: 2.25% to 7.27%) 1-month LIBOR % to 9.75% (: 3.21% to 9.62%) Bar Stdy 1-month LIBOR + 3.5% to 11.75% (: 3.74% to 12.74%) LIBOR % to LIBOR % (: 2.771% to 6.916%) Effective Jne 13 th, 2014: 1-Month LIBOR % to 1-Month LIBOR % (: 3.241% to 8.672%) Wells Fargo Gradate SM for Health Professionals Index % p to Index % Std, Last revised Page 3 of 7

4 DiscoverStds.c Edcation Grace Period Deferm/ Forbearance Options* Repaym Terms Interest Rate Determined by Credit History: For crr interest rate information, please see the lender s disclosre as reqired by the Trth in Lending Act (link provided at bott) 6 months after gradation, discontinances enrollm, or no longer enrolled at least halftime In-School Period (p to 8 years) Residency or Internship Program Participation: (p to 48 months) Military Deferm (dring active-dty) Hardship Forbearance: (approvable in 2 month increms, p to 1 year dring life of loan), MBA, Gradate: 9 months after gradation Residency and Bar Exam: 9 months after gradation 6 months after gradation, discontinances enrollm, or no longer enrolled at least half-time : 6 months after gradation, discontinances enrollm, or no longer enrolled at least half-time & Bar Stdy : 9 months after gradation, discontinances enrollm, or no longer enrolled at least half-time 6 months after gradation, discontinances enrollm, or no longer enrolled at least half-time Please te: Deferring payms while in school will increase the overall loan costs. If not paid, the accmlated interest will be added to the principal amont of yor loan pon ering repaym, which will increase the cost of yor loan. In-School Deferm In-School Deferm In-School Deferm (Fll (Atatic) Econic Hardship Deferm) Active Military Dty Deferm (approvable in In-School Deferm Re-enrollm Deferm Deferm (p to 3 years) 3 month increms, p to Military Active Dty Armed Forces Deferm Residency Deferm (p 1 year) Deferred Forbearance to 5 years) Administrative Residency or Internship Pblic Service Deferm Forbearance (approvable program Deferred (p to (p to 3 years) in 3 month increms, p 48 months) Hardship Forbearance: to 1 year) Retrn to School period discretionary (pon Military Deferm for Deferred (p to 48 reqest) p to 12 months service members deployed months) de to temporary overseas in connection to a Hardship Forbearance hardships: war or military Residency and nemploym, econic engagem Relocation hardship, excessive Deferm (pon reqest) std loan brden, or p to 48 months after medical disability their standard 36 month grace period Please note: Se repaym terms and monthly paym amonts determine interest rates, please discss with lender or school for frther details. 5, 10 or 15 years Up to 20 years 7-20 years based on aggregate loan balance : Up to 15 years Std, Last revised Page 4 of 7 Wells Fargo Gradate SM & Wells Fargo for Health Professionals (other disciplines): 6 months after gradation, discontinances enrollm, or no longer enrolled at least half-time Wells Fargo MedCAP Alternative for Health Professionals: 36 months after gradation for allopathic (MD) or osteopathic (DO) borrowers In-School or Fellowship Forbearance Hardship Forbearance Military Deferm 7, 10 or 15 years Wells Fargo Gradate SM & Health Professionals (all other disciplines): 15 years

5 DiscoverStds.c Edcation Repaym Options which the Borrower may be reqired to select at the time of loan application Borrower Benefits * Specific (Terms and/or Conditions Apply) Consolidation/ Refinance Immediate In-School Interest Only Early Decision Discont* Loyalty Benefit* (Std and/or Cosigner) ACH Benefit Forgiveness* Grace Extension Redced Paym Paym Extension Ato Debit Reward GMAT Test-Taker Reward Forgiveness* 1% Cash Reward for Good Grades starting May 1st, 2014 for Health Professions, Law, MBA and Gradate s* Interest Only (while enrolled in school at least half-time) Ato Debit Savings Access to monthly financial literacy programming and career planning resorces. : Up to 20 years Bar Stdy : Up to 15 years : Interest Only Fixed Residency & Relocation & Bar Stdy : t Applicable : Ato Debit Savings Smart Reward Tition Insrance Benefit* Gradated Repaym Period* forgiveness* : Defer payms for p to 36 months after gradating so they can focs on their internships Ato Debit Savings Bar Stdy : Ato Debit Savings Immediate In-School Interest Only Partial Interest (Std Starter) ACH Benefit* On-time Benefit* forgiveness* Gradation Redction* Satisfactory academic progress is not reqired SnTrst Relationship Discont* (Std and/or Cosigner) (On or after Jne 13 th, 2014) Yes Yes for Health Professionals: 20-years for allopathic medicine (MD), distry, optetry, osteopathic medicine (DO), podiatry, or veterinary medicine disciplines Wells Fargo Relationship Discont (Std and/or Cosigner) Atatic paym benefit Cosigner Release option Forgiveness* Std, Last revised Page 5 of 7

6 DiscoverStds.c Edcation Prior Term Balance Residency and Relocation s and Bar Stdy s: t Eligible Less than ½ time Certificate Program Eligibility nmatriclated Eligibility The first of three reqired disclosres for all private loan borrowers nder the Trth in Lending Act Yes bt crrly enrolled at least half time, working toward his/her degree, or has recly gradated. Applications received p to 180 days after the end of the enrollm period, provided Yes bt mst be enrolled. Yes, the Smart Option Std, if yo have a balance to pay off before registering for the new semester. Only applicable if 265 days have passed or will pass fr the Enrollm Period end date to the first disbrsem of the loan. ; nless taking smmer classes or are in their final semester before gradation, they will be considered flltime or half time according to their reglar stats dring the academic year. Yes, only Yes, available for past de balances for p to 90 days after the academic period end date. Yes, only t-trfit-disclosre tdloans/help/downloadstd-loan-forms.html /sites/edvestinu/disclosres /ASD.pdf c/cwa/asd?link_id=st UFPSL1 Yes. If crrly enrolled and applying for the crr term to inclde costs fr a previos semester in their total reqested amont; there is no time limit for covering a past de balance. If no longer enrolled, they have ntil 30 days of the loan period end date. Yes terms/appdisclosrefilter Std, Last revised Page 6 of 7

7 Disclosre Concerning Selection The sggested lenders for the academic year were selected as a reslt of a Reqest for Proposal ( RFP ) process condcted in Two separate RFPs were issed, one for private loan prodcts for destic stds ( Private RFP ) and one for private loan prodcts for int stds with a creditworthy US cosigner or perman resid co-borrower ( Int RFP ). Led by the University Financial Aid Office, two separate cmittees were created for each RFP to review the corresponding lender responses and select which lenders wold be inclded on the University s sggested lender list for each loan type. The University issed each of the RFPs to 11 lenders. To develop the list of lenders that wold be s the RFPs, the University conformed to the following steps: 1. Inclded lenders that received the previos RFP and are still in the std lending bsiness. 2. Inclded lenders that reached ot to the University abot a possible sbmission. 3. Inclded lenders listed in finaid.org and are still in the std lending bsiness. 4. Exclded credit nions given the University s high loan volme. 5. Exclded state-specific lenders given the diversity of the University s stds in terms of residency. Most of the lenders that were s an RFP fit into more than one of the first three categories listed above. s that were listed in finaid.org were only exclded if they fit categories 4 or 5 above. t all lenders that offer the relevant loan prodcts received an RFP and not all lenders that received an RFP responded. The University considered the responding lenders proposals with respect to a variety of factors inclding: rates; terms; fees; capitalization policies; aggregate borrowing limits; eligibility and approval rates; cster service (for example, call response time, experience of call cer represatives, availability of toll free cster service nmbers); reptation; experience; managem practices; application, certification, and fnd disbrsem processes; loan proceed retrn and cancellation policies; repaym policies (for example, option to prepay withot penalty, maximm term offered, and grace period); repaym incives and options; deferm and forbearance policies; cosigner release policies; availability of idified service represatives to assist with isse resoltion; defalt aversion policies; and reporting capabilities. For both the Private RFP and Int RFP, cost and eligibility were given the same weight as cster service factors inclding process flexibility, data reporting, and cprehensiveness. After reviewing all lender sbmissions received prior to the RFP deadline and the final tallies for those sbmissions, the Private RFP cmittee decided to list 6 of the 9 lenders that sbmitted a timely response. The Int RFP cmittee decided to list all 6 of the lenders that presed a timely sbmission on the University s sggested lender list for private loans available to int stds. By so doing, the RFP cmittees soght to provide mltiple lenders for consideration on the University s sggested lender lists. The lists do not contain affiliates as only one affiliate for each par cpany was considered by each cmittee. As the University considered qalitative as well as qantitative factors, the interest rate, fees, or loan cost offered by any of the sggested lenders may not be the lowest available. In addition, a lender may change the rates, terms, fees and other information fr that which was offered in their original RFP proposal(s). The lists of sggested lenders, inclding those for the academic year, ndergo an annal review process by the established cmittees. Stds and pars have the right and ability to select the lender of their choice, are not reqired to se any of the lenders on the sggested lender list, and will sffer no penalty for choosing a lender that is not a sggested lender. Stds are encoraged to shop arond to find the lender offering the rates, terms, and service that are right for them. Std, Last revised Page 7 of 7