School Lender List for Waynesburg University

Waynesburg University

Before you apply for a Private 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 Private Loan students. These lenders provide multiple benefits and an efficient application process. Additionally, they disburse funds electronically to Waynesburg 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 Private Loan Application.

Lender	Loan Features	Select

Academic Answer^®by 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

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

PNC Solution Loan 800.762.1001 pnconcampus.com	Variable interest rate as low as LIBOR + 4.00% 0.25% interest rate reduction for automatic payments for as long as payments are automatically deducted Co-signer release option available after 48 consecutive, on-time payments and subject to credit approval Student and/or co-signers may apply online with an option to e-sign Borrow up to the cost of student’s education, less any financial aid received(Continuing Education borrowers may borrow up to $20,000 annually) Defer payments until six months after student graduates or leaves school Favorable repayment terms available, up to 25 years based on the amount borrowed Repayment options: Immediate, Interest-Only and Deferred Repayment Originated through eCourier, ELM NDN, Scholarnet, TG or AES Serviced at AES


	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 Waynesburg University and is believed to be correct as of this posting, but this information is not warranted and is subject to change without notice.