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 Lender Code: 503000 Phone: 866.306.0868	$500 minimum amount, Maximum - cost less financial aid, lifetime aggregate $120,000 Variable interest rate – Prime plus 1.50% to + 8.5% for loans approved on or after November 15,2008 A 6-month payment-free grace period immediately following graduation or separation from school Co-signer recommended, co-signer release after 36 consecutive on-time payments Earn .25% interest rate deduction by choosing immediate repayment or interest only repayment after the loan has been fully disbursed
Citibank Lender Code: 826878 Phone: 800.967.2400	$500 minimum amount, Maximum - cost less financial aid Variable interest rate – Prime minus 0.50% to + 4.75% A 6-month payment-free grace period immediately following graduation or separation from school Co-signer recommended, co-signer release after 24 consecutive on-time payments 0.25% interest rate reduction for auto-debit and electronic statements 0.50% interest rate reduction after the first 48 consecutive on-time payments
Citizens Bank Lender Code: 833883 Phone: 800.708.6684	$1000 minimum amount; Maximum - cost less financial aid Variable interest rate as low as one month LIBOR plus 4.5% Zero Fees Co-signer recommended and may qualify for a co-signer release after the first 24 consecutive on-time payments 0.50% interest rate reduction with auto-debit payments A 6-month payment - free grace period immediately following graduation or separation from school
Edamerica Lender Code: 800800 Phone: 800.337.6884	$500 minimum amount, Maximum - cost less financial aid, lifetime aggregate $150,000 Variable interest rate – LIBOR plus 5.50% to + 7.25% Fees: tiered 4-7% A 6-month payment-free grace period immediately following graduation or separation from school Co-signer recommended
U.S. Bank Lender Code: 830694 Phone: 800.242.1200	$1000 minimum amount, Maximum - cost less financial aid, up to $12,000 for undergrads Variable interest rate – Prime plus 0.0% to + 3.95% A 6-month payment-free grace period immediately following graduation or separation from school Co-signer recommended, based on credit, may qualify for co-signer release after 48 consecutive on-time payments 0.50% interest rate reduction with auto debit payments
VSAC Lender Code: 830075 Phone: 800.798.8722	$200 minimum amount, Maximum - cost less financial aid Variable interest rate – LIBOR plus 2.25% to + 5.50% Fees: tiered 0-5% A 6-month payment-free grace period immediately following graduation or separation from school Co-signer recommended, based on credit, may qualify for co-signer release after 48 months of active repayment Possible interest rate reductions for Vermont residents only
Wells Fargo Lender Code: 807176 Phone: 800.378.5526	$1000 minimum amount, Maximum - cost less financial aid Variable interest rate – Prime plus 0.0% to + 7.99% A 6-month payment-free grace period immediately following graduation or separation from school Co-signer recommended, may qualify for co-signer release after 24 consecutive on-time payments 0.50% interest rate reduction after graduation - diploma 0.25% interest rate reduction for auto debit payments