Additional Finance Options

Alternative Loan Information

A number of private lenders have developed educational loans as an alternative loan option for students who have exhausted all other sources of financial assistance.  Alternative loans enable the student to borrow the difference between their cost of attendance and the financial aid they receive. Alternative loans are also available for those who do not qualify for federal loan programs. Please contact the lender of your choice to discuss Alternative loan options, rates, fees and requirements.

Point and "click" lender for more information.

Chase

Citibank

Citizens

Salliemae

Wells Fargo

Wells Fargo Graduate

Chase Alt Name   Chase Select Private Student Loan           Grade Level   Undergraduates       Graduates           Academic Load   Full-time       Half-time       Less than half-time           Matriculation   Required           SAP   Not Required           Minimum Amt   $500           Cosigner   Optional for U.S. Citizen or permanent resident           Fees   No Origination       No Disbursement       No Repayment           Payment   No payment in school       Immediate repayment: repayment of principal       and interest begins 15 to 45 days after the last       disbursement date.  The borrower may change       to deferred principal and interest payments       upon request.               Deferred Principal and Interest:  Principal and       interest repayment begins 6 months after       graduation or when the student is no longer       enrolled.               Interest Only:  Interest payments begin 15 to 45       days after the last disbursement date, and       payments of principal and interest begin 6       months after graduation or when the student       is no longer enrolled.  The borrower may change       to deferred principal and interest payments       upon request.           Interest Rates   Based on LIBOR       Tiers for Cosigned Loans       LIBOR + 3.65%       LIBOR + 6.10%       LIBOR + 8.50%       LIBOR + 10.25%       Tier for non-cosigned loans       LIBOR + 9.00%           Incentives   0.25% interest rate deduction during repayment       Cosigner release after 36 consecutive on-time       payments           Lender   www.ChaseSelectLoans.com   Information   1-866-306-0868

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Citibank Alt Name   CitiAssist           Grade Level   Undergraduates       Graduates           Academic Load   Full-time       Half-time       Less than half-time           Matriculation   Not required           SAP   Not required           Minimum Amt   $1,000 first time       No minimum thereafter           Cosigner   International students may apply with U.S. Citizen or       permanent resident cosigner       Optional for U.S. Citizen or permanent resident           Fees   Fees as low as 0.00%           Payment   No payments in school       6 months after graduation or separation date           Interest Rates   Based on three month LIBOR       3mo LIBOR + 4.75% to 3mo LIBOR + 11.50%           Incentives   0.25% interest rate deduction with auto-debit       Cosigner release after 24 consecutive on-time       payments           Lender   www.studentloan.com/schools/suny/albany   Information   1-800-967-2400

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Citizens Alt Name   The Citizens Bank TruFit Student Loan Bank     (available July 1, 2009)           Grade Level   Undergraduates       Graduates           Academic Load   Full-time       Half-time           Matriculation   Required           SAP   Not required           Minimum Amt   $1,000           Cosigner   A U.S. citizen cosigner is required for international students, permanent residents or U.S. citizens.           Fees   Fees range from       0.00% to 5.00%           Payment   Choice of Repayment:       Immediate       Interest Only       Deferred for 6 months after graduation or       separation date.           Interest Rates   Based on one month LIBOR       LIBOR + 3.00% to LIBOR + 12.50%           Incentives   0.50% interest rate reduction for automating       payment from any Citizens Bank account.       Cosigner release option available after initial 36       consecutive, on time payments.            Lender   www.citizensbank.com/trufitstudentloan   Information   1-888-333-0169

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Sallie Mae Alt Name   Sallie Mae Smart Option Student Loan           Grade Level   Undergraduates       Graduates           Academic Load   Full-time       Half-time       Less than half-time           Matriculation   Required           SAP   Not required           Minimum Amt   $1,000           Cosigner   Student borrowers may apply for the loan without a       cosigner, if credit denied, may continue application       with a cosigner who is a U.S. citizen or non-citizen permanent resident..               Choosing a cosigner may possibly lower interest rate.       International students may apply by meeting certain       requirements, but should contact Sallie Mae directly for these inquiries.            Fees   Origination varies       0.00% to 3.00%           Payment   Interest-only payments:       While the student is in school.       While the student is in the grace period.       When the student borrower returns to school, on       at least a half-time basis.       While the student borrower is in an eligible       residency or internship program.           Interest Rates   Based on one month LIBOR       LIBOR + 5.75% to LIBOR + 11.5%           Incentives   Upromise Loan Link ® eligibility.       Student borrowers may apply for cosigner release       after successful completion of their education,       discretion is determined by Sallie Mae and student       borrower history of principal and interest payments.       0.25% interest rate deduction with auto-debit       0.25% interest rate deduction is available if the       borrower provides a valid email address and elects       to receive all servicing communications via email (ends 10/26/09).           Lender   http://schools.salliemae.com/?L=802218&S=00283500   Information   1-888-272-5543

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Wells Alt Name   Wells Fargo Collegiate Loan Fargo         Grade Level   Undergraduate       Graduate           Academic   Full-time   Load    Half-time       Less than half-time           Matriculation   Required           SAP   Not Required           Minimum Amt   $1,000           Cosigner   U.S. citizen required for permanent and temporary residents       Optional for U.S. Citizen           Fees   No Origination       No Disbursement       No Repayment           Payment   No payment in school       6 months after graduation or separation date           Interest Rates   Variable       Based on Prime Rate       Minimum Variable Floor Rate 4.75%       Prime + 1.00%       Prime + 2.49%       Prime + 4.49%       Prime + 5.49%       Prime + 6.99%       Prime + 7.99%           Incentives   0.75% interest rate deduction during repayment           Lender   www.wellsfargo.com/jump/regional/studentloan   Information    1-866-380-1727

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Wells Alt Name   Wells Fargo Graduate Loan Fargo         Grade Level   Graduates           Academic   Full-time   Load   Half-time       Less than half-time           Matriculation   Required           SAP   Not Required           Minimum Amt   $1,000           Cosigner   Optional           Fees   No Origination       No Disbursement       No Repayment           Payment   No payment in school       6 months after graduation or separation date           Interest Rates   Variable       Based on Prime Rate       Minimum Variable Floor Rate 4.75%       Tiers for non-cosigned loans       Prime + 1.50%       Prime + 3.00%       Prime + 5.00%       Tier for cosigned loan       Prime + 4.00%           Incentives   0.75% interest rate deduction during repayment           Lender   www.wellsfargo.com/jump/regional/studentloan   Information   1-866-380-1727

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