Please select a lender from our list of recommended lenders below for your Private Education Loan. These lenders have been chosen because of their excellent customer service and money-saving benefits.
UNC Pembroke provides this list as a guide to you, and you are free to choose a lender not represented below. If you choose a lender not listed below, please inform us so that we may ensure that your loan is processed in a timely manner.
If you are considering a lender from our list, we encourage you to look at all the lender information provided. After you choose a lender, click on the "Apply Now" button to complete your Private Education Loan.
If certification is required, we can only certify up to the cost of attendance. If you have any questions, please contact Lori Graham, Loan Coordinator, Office of Financial Aid at 910-521-6255.
Must have a disbursement pending or an outstanding balance through the College Foundation Federal Education Loan Program and in good standing
Interest rate is Prime rate + 0%
No origination, guarantee or repayment fees
No payments required while you are enrolled
Once repayment starts, .25% interest rate reduction if you make monthly payments via automatic withdrawal and additional .50% interest rate reduction when you make 48 consecutive payments on-time during the first 60 months of repayment
No fee borrowing with rates as low as Prime minus 0.50%
0.50% interest rate reduction for borrowers who make their first 48 consecutive monthly payments on time
0.25% interest rate reduction with Citibank E-Z Pay for borrowers who have their CitiAssist Loan payments autmotically deducted and only receive their statements electronically
Payments can be deferred until 6 mths after graduation, separation from school or status goes to below half-time
ACH benefit may be requested
Forebearance option is available
Instant credit decisions online
Co-signer release available
1 A repayment finance charge may apply based on your or your cosigner's credit history.
2 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.
3 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 business day of each month and rounded up to the nearest 1/8th of one percent) to your margin. The current one-month LIBOR index was 2.500% on 6/1/08. 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 25 year repayment term with no repayment finance charge, and a 2.50% margin. Margins can range from 2% to 8% and repayment finance charges can range from 0% to 5.5% both depending upon your or your cosigner's credit history.
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.
Brochures containing additional information on lenders are available in the Student Financial Aid Office.
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 University of North Carolina - Pembroke and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.
