School Lender List for Slippery Rock University

Slippery Rock University

Click on other tabs above for Stafford and PLUS Loans.

Before you apply for an Alternative loan, you should first consider all aid alternatives including grants, scholarships and federal loans (Stafford, PLUS, and Grad PLUS).

The lenders listed on this Web page are frequently used by our Alternative Loan students. These lenders provide multiple benefits and an efficient application process. Additionally, they disburse funds electronically to Slippery Rock University, which allows us to post funds directly to your account. We provide this list as a guide to you; however, you are free to choose another lender without penalty. If you choose another lender, please inform us as soon as possible. Prior to choosing a lender, we encourage you to review all possible options. If you decide to choose a lender from this list, simply click on the corresponding "Apply Now" button to complete your Alternative Loan Application.

	Lender		Loan Features		Select

	Student Funding Group 877.788.4773 www.stufund.com		Prime minus 0.50% up to Prime plus 4.75% Zero Fees 0.25% Auto-debit interest rate reduction 2% Graduation Reward on outstanding balance at graduation Flexible repayment options In-school deferment

	Wells Fargo Collegiate^ŽLoan 800.658.3567 www.wellsfargo.com/student		0.50% interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation BenefitSM Program 0.25% interest rate reduction at repayment when Wells Fargo automatically withdraws payments from a personal checking or savings account Cosigner release after first 24 consecutive monthtly payments are received on time

	Academic Answer^ŽLoan from SunTrust 800.552.3006 suntrusteducation.com/ academicanswer		No fees¹ Competitive interest rates starting as low as the 1-month LIBOR + 4.0%, currently 4.13% APR² Graduation Reward- $300 Principal Reduction per loan with proof of graduation 0.25% interest rate reduction for enrolling in automatic payments³ Cosigner release option after 48 on-time payments⁴ Flexible Repayment Options: Immediate, Interest-only, and Deferred repayment while in school Six-month grace period Satisfactory Academic Progress not required Generous repayment terms Forbearance options available

	Chase Select^sm 866.306.0868 www.ChaseSelectLoans.com		No origination or repayment fees. A 0.25% interest rate reduction for borrowers who have their monthly payments automatically deducted from a bank account. Interest rates that recognize good credit. Lower rates may be obtained by applying with a qualified cosigner. Cosigner release option available after 36 on-time consecutive payments. No payments required while in school.

	CitiAssist Loan 800.967.2400 www.studentloan.com		Competitive interest rates 0.25% interest rate reduction when you enroll in our auto-debit payment program May be enrolled less than half-time, half-time, or full-time No payments while in school or during grace period; subject to maximum limits 6-month grace period after graduation A generous repayment term Credit response in 3 minutes or less when you apply online Easy, secure online applications with e-signature capabilities

	Citizens Bank TruFit Student Loan 800.708.6684 citizensbank.com/trufitstudentloan		Rates as low as one-month LIBOR plus 3.00% No fees Choice of repayment (immediate, interest only or deferred) 0.50% interest rate reduction for automating payment from any eligible Citizens Bank account Borrow up to the cost of education less financial aid Students applying with a qualified co-signer may increase their chances of receiving a lower interest rate Co-signer release option available after 36 consecutive, on time payments No prepayment penalty Academic progress not required 24/7 online account management Easy, online application process Instant online credit decision

	Discover Private Education Loans 877.728.3030 www.discover.com		Graduation Reward: 2% of outstanding principal balance at graduation Automatic Debit Reward: 0.25% interest rate credit 0% Origination fee 0% Prepayment fee

	PNC Solution Loan 800.762.1001 pnconcampus.com		0 fees available Libor plus a margin ranging from 4.00% - 10.75% depending on creditworthiness of the borrower and the co-signer .25% interest rate reduction for auto debit from ANY bank Co-signer release available after making initial 48 payments on-time Combined billing with most federal loans Available for past due balances Satisfactory Academic Progress not required Easy online application E-signature available "Live" customer service representatives for each call PNC Bank reserves the right to modify the discount terms of this program at any time without notice

	Sallie Mae Smart Option Student Loan 888.272.5543 www.salliemae.com		Pricing that rewards good credit Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate The borrower may apply for cosigner release after successful completion of their education A 0.25 percentage point interest rate reduction is available when payments are made by automatic debit Pay a little now, save a lot later by making interest-only payments while in school. Students complete their education with less debt and avoid capitalized interest Unwavering commitment and stability for more than 35 yearswe have helped over 31 million students realize their dream of a higher education Easy online application and 24/7 online account management Available for U.S. citizens in study abroad programs and U.S. citizens studying at medical schools outside the U.S. You may be able to deduct the interest you pay on a qualified student loan. Consult your financial advisor for more information or visit http://www.irs.gov/pub/irs-pdf/p970.pdf. Join UpromiseŽ at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan LinkŽ Visit www.SallieMae.com/SmartTerms for important information about these benefits


	¹ Effective for applications received on or after 10/15/09. ² LIBOR stands for London Interbank Offered Rate. The one-month LIBOR is the Current Index, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the one-month LIBOR index changes. Your variable interest rate is calculated by adding the current one-month LIBOR index (captured on the 25th day of each month, or the next business day thereafter, of the month immediately preceding such calendar month and rounded up to the nearest 1/8th of one percent) to your margin. The current one-month LIBOR index was 0.25% on 3/1/10. This APR example assumes a $10,000 undergraduate, cosigned, loan disbursed over two transactions with a deferment period of 45 months upon initial disbursement and a six month grace period upon graduation, a 15 year repayment term, and a 4.00% margin. Margins can range from 3.50% to 11.25% (depending on whether you are an undergraduate or graduate student, if the loan is co-signed, and upon your or your cosigner's credit history). ³ The 0.25% rate reduction is available to borrowers who arrange with their servicer to automatically deduct monthly payments from their personal bank account. Savings programs are effective for all loans disbursed on or after October 13, 2006. ⁴ The cosigner can be released from liability after the first 48 initial, consecutive principal and interest payments are made on time. Borrowers must meet credit guidelines at the time the cosigner release is requested. Check with the lender for details and conditions regarding eligibility for special benefits or incentives. The information on this Web page was gathered on behalf of the Financial Aid Office at Slippery Rock University and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.