The following is a list of established lenders who have historically
provided competitive fees and interest rates, valuable borrower
benefits, and quality customer service. You are encouraged to visit
the lender websites or contact the lender(s) by phone for additional
details.
St. Cloud State University does not endorse any one lender.
Neither St. Cloud State University nor its employees receive benefits
or remuneration as a result of your choice of lender. You may choose
a lender other than those appearing on this list.
Some parents
may prefer to assist their son/daughter and serve as a co-signer on a Minnesota SELF loan or to borrow a federal PLUS loan. Additional information on all loan options is available at: www.stcloudstate.edu/financialaid/studentloans.
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Borrower Benefits
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Incentives and benefits referred to herein may vary. Please contact the lender(s) directly for updated information and/or visit the lender websites for additional rate and disclosure information, including Annual Percentage Rate (APR) examples. In addition to these lenders, there are many lenders from which you may be ale to obtain your educational financing. You may contact the Department of Education, visit similar websites such as finaid.org, or contact your local lender or financial institution directly.
Click on the lender name from the lender list on the left to see the details on interest rates, fees, special benefits/incentives, and how to apply.
College Loan Corporation
CLC Premier Loan
1-800-892-1588
- Interest Rate as low as Prime + 0%
- Fees as low as 0% (determined by credit criteria) - added to the principal amount upon disbursement
- 0.50% interest rate reduction for borrowers who choose to make interest payments while in school
- 0.25% interest rate reduction for enrolling in automatic payments
- Co-borrower release option after any 24 consecutive, on-time scheduled payments and borrower independently meets credit and eligibility criteria for the loan
- Loan can be used to pay previous balances within 12 months of the prior loan period end date
Apply for a loan with College Loan Corporation!
CITIBANK
CitiAssist Loan
1-800-967-2400
- Interest Rate: Prime minus 0.50% to Prime plus 4.75% based on credit rating and co-signer presence
- Fees: 0.00% to 5.00% based on credit.
- 0.25% interest rate reduction for auto debit (must enroll and only receive statements electronically)
- 0.50% interest rate reduction when you make your first 48 consecutive monthly payments on time
- $1000 minimum amount for first-time borrowers
- Co-signer release option available after the first 24 consecutive on-time monthly payments
- Loans can be certified for balances incurred within the last 12 months
Apply for a Loan with Citibank!
Sallie Mae
Signature Student Loan
(800) 695-3317
- Co-signer release available after the first 24 on-time payments of principal and interest
- Six month grace period
- Zero fees
- 0.50% interest rate reduction with auto-debit
Apply for a loan with SallieMae!
U.S. BANK
No Fee Education Loan
1-800-242-1200
- Interest Rate: Prime + 0.00 to 3.95%
- Zero fees
- 0.50% interest rate reduction for borrowers who have payments automatically deducted from a bank account
- Loans can be certified for balances incurred within the last 6 months
Apply for a Loan with US Bank!
WACHOVIA
Wachovia Education Loan
1-800-338-2243
WACHOVIA is no longer writing private/alternative loans.
WELLS FARGO
Collegiate Loan
1-800-658-3567
- Interest Rate: Prime plus 0.00% to Prime plus 5.99%
- Zero fees
- 0.25% interest rate reduction when automatic payment is withdrawn from the borrower's checking or savings account
- 0.50% interest rate reduction upon verification of graduation
- Co-signer release option available after the first 24 consecutive, on-time monthly payments
- Loans can be certified for balances incurred within the last 12 months
Apply for a Loan with Wells Fargo!
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The information is intended to be accurate, but the publisher does not assume liability for errors or omissions.
Please contact your lender for detailed information about borrower benefits.
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