Lenders

Welcome to the lenders page for alternative (private) education loans.

Alternative (or private) loans are offered by private lending institutions and are not guaranteed by the federal government. These funds are available to students who may not be eligible for federal financial aid or who may need to bridge the gap between the total cost of attendance and their federal financial aid. The lender will interpret credit history and other deciding factors to determine if the student is eligible.

Most lenders require a cosigner for undergraduate students. A cosigner assumes responsibility for a loan should the borrower fail to repay. Having a cosigner on the loan often results in a lower interest rate and reduced fees. Please see our information on the Qualities of a Good Cosigner to help you choose a cosigner prior to applying for a loan.

You should exhaust your federal loan opportunities first. Federal loan (Title IV) program provisions may be more favorable than those of private loans. But if you need additional loan funds, this list describes alternative education loans offered by private lending institutions. Ranges of interest rates offered are found in the Application and Solicitation Disclosure for each lender. When you have decided on a lender, click on the lender name to proceed to the next step. If you choose to work with a lender not listed here, please contact the Student Financial Services office for more information.

Chase Select Private Student Loan
Lender Code: 503000
Application and Solicitation Disclosure

No origination or repayment fees.
Minimum loan amountis $1,001.
Interest rate reduction of 0.25% for auto debit from a Chase account.
Cosigner release option available after 36 on-time consecutive payments.*
No payments required while in school 24-hour online access to loan status information.
*Borrower must meet credit criteria at the time of the cosigner release.

CitiAssist® Private Student Loans
Lender Code: 826878
Application and Solicitation Disclosure

Available to students enrolled full-time, half-time or less; degree or non-degree seeking students.
Cannot be used to pay previous outstanding tuition balances.
No origination or repayment fees.
0.25% repayment interest rate reduction for auto-debit payments.
Available to international students who apply with an eligible U.S. co-signer.
Discover Certified Private Loan
Lender Code: 831312
Application and Solicitation Disclosure		 No origination or pre-ayment fees.
2% Graduation Reward: 2% cash reward on outstanding principal balance at graduation.
0.25% interest rate reduction during repayment when payments are set up for automatic debit from a bank account.
Must be a U.S. citizen to apply.
Available for past due balances incurred within the last six months after the end of a loan period.
First National Bank Student Loan

Application and Solicitation Disclosure

No origination fees.
Interest capitalized once at repayment.
Lower payments by 0.25% when borrowers have payments auto-deducted from their personal bank account.
Up to $25,000 per year and up to a lifetime aggregate of $75,000.
PNC Solution Loan for Undergraduate Students
Lender Code: 809402
Application and Solicitation Disclosure		 No origination fees.
Interest rate reduction of 0.50% for auto debit from ANY bank account.*
Cosigner release available after making initial 48 payments on-time.
Available for past due balances.
Satisfactory Academic Progress not required.
Easy on-line application/E-signature available.
Life of loan servicing.
* PNC Bank reserves the right to modify the discount terms of this program at any time without notice.
Repayment terms of 15 years for all Solution Loan applications made on or after June 1, 2010.
Sallie Mae Smart Option Student Loan
Lender Code: 900905
Application and Solicitation Disclosure 		Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate.
You may apply for cosigner release after you graduate and make 12 consecutive on-time principal and interest payments.*(1)
Earn a 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.*(2)
Pay now or later - defer your payments until after graduation or choose an in-school repayment option that fits your needs.*(4)
Get a 2% Smart Reward® in your Upromise® account when you make scheduled monthly payments on time while in school (not available with the Deferred Repayment Option).(3)
* 1,2,3,4 Visit https://www.salliemae.com/student-loans/smart-option-student-loan/ for important information about these benefits.
SunTrust Custom Choice Loan
Lender Code: 911304
Application and Solicitation
Disclosure		 Personalize your private student loan: choice of fixed or variable interest rate; choice of repayment terms; and choice of repayment plans.
0.25% interest rate reduction when you have your payments automatically deducted from a personal bank account and an additional 0.25% interest rate reduction when your payments are automatically deducted from a SunTrust Bank deposit account.
Graduation Reward: 1% principal balance reduction on every Custom Choice Loan upon graduation.*
Choice of repayment plans and term options to help you save money.
Cosigner release options available.**
*Proof of Graduation (certified copy of diploma) must be submitted within 90 days of graduation. 1% principal reduction is based on the fully disbursed loan amount.
**Cosigners can request to be released after the first 48 consecutive, on-time payments of principal and interest are made and other requirements (as disclosed in the Credit Agreement) are met.
Wells Fargo Collegiate Loan
Lender Code: 807176
Application and Solicitation Disclosure		 Easy online application with quick credit decision.
No payments while in school.
Applying with cosigner helps insure lowest interest rate and fastest approval process.
Choose fixed or variable interest rate.
No application, origination, or early repayment fees.
For more information, visit https://www.wellsfargo.com/studentloandisclosures