School Lender List for University of North Carolina - Pembroke

University of North Carolina - Pembroke

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.

	Lender		Loan Features		Select

	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 for automatic debit A 0.25 percentage point interest rate reduction is available if the borrower provides a valid e-mail address and elects to receive all servicing communications via e-mail Combined billing is available for Sallie Mae-serviced student loans Pay a little now, save a lot later--students graduate with less debt with the Sallie Mae Smart Option Student Loan which features interest-only payments while the borrower is in school to avoid capitalized interest Visit www.SallieMae.com/SmartTerms for important information about these benefits

	CFI-Extra 866.866.CFNC CFNC.org		No origination or default fees Interest rate reduction of .50% if you make monthly payments by automatic draft and elect to receive electronic statements No payments required while enrolled at least half-time Six month grace period Interest rate is 3-month LIBOR plus 3% adjusted quarterly

	Chase Preferred Select (Certified Loan) 866.306.0870 chaseselectloans.com		No origination or repayment fees! Interest rates as low as LIBOR + 3.65% No payments required while in school Loans from $500 up to your cost of attendance (minus other aid) each year Online pre-approval and application, including e-signature Can be used to cover past due balances 0.25% interest rate reduction for borrowers who elect to have their monthly payments automatically deducted from a bank account Cosigner release option after 36 consecutive on-time monthly payments of principal and interest Choice of repayment options

	Academic Answer^ŽLoan from SunTrust 800.552.3006 suntrusteducation.com/ academicanswer		No upfront fees¹ Competitive interest rates starting as low as the 1-month LIBOR + 3.50%, currently 3.80% 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 Immediate credit decisions online Forbearance options available

	Chase Education One (Non-Certified Loan) 866.661.7573 chaseEd1.com/7573		Interest rate as low as Libor + 3.5 - 7.75 Payments can be deferred while in school and during 6 month grace period Apply online for a quick credit decision 0.25% interest rate reduction for ACH payments 0.25% interest rate reduction for making 36 consecutive on-time payments

	CitiAssist from Citibank 800.967.2400 studentloan.com		Competitive interest rates Loan fees as low as 0.00% 0.25% interest rate reduction when you enroll in 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 Generous repayment term Credit response in 3 minutes or less when you apply online Easy, secure online applications with e-signature


	¹ A repayment finance charge may apply based on your or your cosigner's credit history. 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 0.375% on 7/1/09. 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 3.50% margin. Margins can range from 3.00% to 10.75% (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) and repayment finance charges can range from 0% to 6% (depending 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. 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.