Alternative Loan Lenders

These lenders have been chosen by SNHU because of superior customer service and outstanding savings. However, you may use any lender.

Important things to consider when choosing a lender:

Repayment benefits	Co-signer options
Services available	Interest rates
Credit criteria	Fee amounts

Lender Information	Alternative Loan Benefits
Chase Bank Chase Select Phone: 866.306.0868	$500 minimum amount, Maximum - cost less financial aid Variable interest rate – LIBOR +3.95% to + 10.25% No Fees A six month payment-free grace period immediately following graduation or separation from school Co-signer strongly recommended and may qualify for a co-signer release after 36 consecutive on-time payments 0.25% interest rate reduction for auto-debit payments
Citibank CitiAssist Loan Phone: 800.967.2400	$1000 minimum amount. Maximum - cost less financial aid Variable interest rate – Prime minus 0.50% to + 4.75% Fees 0% - 6 % A six-month payment-free grace period immediately following graduation, less than half-time enrollment or separation from school Co-signer strongly recommended and may qualify for a co-signer release after the first 24 consecutive on-time payments 0.25% interest rate reduction for auto-debit Online account management
Citizens Bank TruFit Student Loan Phone: 800.708.6684	$1000 minimum amount; Maximum - cost less financial aid Variable interest rate as low as one month LIBOR plus 2.5% - 12.0% Fees: 0% - 5% Co-signer strongly recommended and may qualify for cosigner release initial 36 consecutive, on time payments Choice of repayment (immediate, interest only or deferred) A 0.50% Interest rate reduction for automatic debit with any Citizens Bank account
DiscoverStudentLoans Certified Private Loan Phone: 877.728.3030	$1000 minimum amount. Maximum – cost less financial aid Variable interest rate- Prime minus 0.50% to prime plus 4.75% Zero Fees Co-signer required A six-month payment-free grace period immediately following graduation, less than half-time enrollment or separation from school 0.25% Interest rate reduction for auto-debit payments 2.0% Graduation Reward on outstanding principal balance
Edamerica Phone:
Sallie Mae Education Trust Smart Option Phone: 888.272.5543	$1000 minimum amount; Maximum - cost less financial aid Variable interest rate as low as one month LIBOR plus 4.5% - 14.0% Fees: 0% - 5% Co-signer strongly recommended and may qualify for cosigner release after graduation Monthly interest-only payments are required during the in school period and during the six-month seperation period A 0.25% Interest rate reduction for automatic debit
VSAC Advantage Loan Phone: 800.798.8722	Must be a resident of Vermont to apply $200 minimum amount, Maximum - cost less financial aid Variable interest rate – LIBOR plus 2.25% to + 5.50% Fees: 0-5% A six month payment-free grace period immediately following graduation, less than half-time enrollment or separation from school Co-signer strongly recommended. May qualify for co-signer release after 48 months of active repayment Online Account Management
Wells Fargo Collegiate Loan Phone: 800.378.5526	$1000 minimum amount, Maximum - cost less financial aid Variable interest rate – Prime plus 0.0% to + 7.99% Zero Fees A six month payment-free grace period immediately following graduation or separation from school Co-signer strongly recommended, may qualify for co-signer release after the first 24 consecutive on-time payments 0.50% interest rate reduction after graduation - diploma 0.25% interest rate reduction for auto debit payments