Alternative Loan Lenders

Below is a list of lenders offering private educational loans that are commonly utilized by Southern New Hampshire University students. The University invites lenders to provide information about their educational loan products on a yearly basis. The College reviews the information and identified options as having competitive rates, customer service and borrower benefits. The list is not a comprehensive list of all the educational loans available to you and you are welcome to borrow from any lender of your choice without penalty whether or not that lender is listed here. Inclusion on this list is not an endorsement or recommendation by Southern New Hampshire University. Each lender's loan programs may have different requirements. Be sure to check with your lender regarding the loan programs you qualify for that best suit your needs. By using this information you acknowledge and understand the guidelines for selecting a lender of your choice.

Lender Information	Alternative Loan Benefits

Chase Bank Chase Select Phone: 866.306.0868	$1000 minimum amount, Maximum - cost less financial aid Variable interest rate – 3 month LIBOR +3.70% to 3 month LIBOR +8.25% Fees 0% or 3% 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 24 consecutive on-time payments 0.25% interest rate reduction for auto-debit payments Online account management


Citibank CitiAssist Loan Phone: 800.967.2400	$1000 minimum amount; maximum – cost less financial aid Variable interest rate as low as one month LIBOR plus 3.25% to 11.00% Fees 0.00% - 3.00% A 0.25% interest rate reduction for auto-debit payments Co-signer strongly recommended which may lower interest rate. Co-signers may be released after 24 consecutive on-time payments. Choice of repayment options (deferred, immediate, or interest only)


Citizens Bank TruFit Student Loan Phone: 800.708.6684	Fixed Rate $1000 minimum amount; Maximum-cost less financial aid Fixed rate as low as 6.75% Zero Fees-10 year repayment term Co-Signer recommended; Co-signer release option available after 36 on time payments. Choice of repayment (immediate, interest only or deferred 0.50% interest rate reduction for auto debit from any eligible Citizens Bank account or a 0.25% interest rate reduction for auto debit from any non-Citizens Bank account. In the unfortunate death or permanent disability of the student borrower, the loan will be forgiven. If the loan is co-signed the co-borrower will be released of all future obligations relating to the debt. http://www.citizensbank.com/pdf/CTZ_Fixed_App_Disc.pdf Citizens Bank TruFit Student Loan Variable Rate $1000 minimum amount; Maximum-cost less financial aid Variable rate as low as one month LIBOR + 3.00% to 9.75% Zero Fees-15 year repayment term Co-Signer recommended; Co-signer release option available after 36 on time payments. Choice of repayment (immediate, interest only or deferred) 0.50% interest rate reduction for auto debit from any eligible Citizens Bank account or a 0.25% interest rate reduction for auto debit from any non-Citizens Bank account. In the unfortunate death or permanent disability of the student borrower, the loan will be forgiven. If the loan is co-signed the co-borrower will be released of all future obligations relating to the debt. http://www.citizensbank.com/pdf/ctz_App_Disc.pdf


DiscoverStudentLoans Certified Private Loan Phone: 877.728.3030	$1000 minimum amount. Maximum – cost less financial aid Variable interest rate- Prime minus 1.00% to prime plus 7.75% Zero Fees Co-signer strongly 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: 800.337.1009	$500 minimum amount; maximum – cost less financial aid Variable interest rate: as low as one month LIBOR plus 6.00% if applying on own OR 5.5%with a credit worthy cosigner. Fees 5.00% if applying on own OR 4.00% with a credit worthy cosigner A six-month payment free grace period immediately following graduation, less than half-time enrollment or separation from school. Choice of flexible repayment options


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 +2%-9.875% 0 percent Fees Co-signer strongly recommended and may qualify for cosigner release after graduation Pay now or later - defer your payments until after graduation or choose an in-school repayment A 0.25% Interest rate reduction for automatic debit


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