St. Cloud State University

Your Spring 2010 Course Registration

Student Loan Changes for 2009-2010

Your Feedback is Appreciated - Customer Service Survey

Types of Financial Aid - Federal

Private Loan - Lender List

The following is a selected list of established lenders who have provided competitive fees and interest rates, valuable borrower benefits, quality customer service, and who have the ability to exchange data electronically with St. Cloud State University. 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. See our Student Loan Code of Conduct for additional information.

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.

[+]Borrower Benefits / How to Apply

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 able 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.

[+]Citibank

CITIBANK
CitiAssist Loan
1-800-967-2400

Interest Rate: 3-month LIBOR Index + 4.75% to 3-month LIBOR Index + 11.50% based on credit rating and co-signer presence
Fees: 0.00% to 6.00% based on credit.
0.25% interest rate reduction for auto debit (must enroll and only receive statements electronically)
$1000 minimum amount for first-time borrowers
Co-signer release option available after the first 24 consecutive on-time monthly payments

Apply for a Loan with Citibank

[+]Sallie Mae

Sallie Mae
Smart Option Student Loan
(800) 695-3317

Interest Rate: 4% to 12.5%, variable based on one-month LIBOR Index
Fees: 0% to 3% disbursement fee
Applying with a creditworthy cosigner may help borrower qualify and/or receive a lower interest rate
Co-signer release available after successful completion of borrower's education*
$1,000 minimum loan amount
Loans can be certified for balances incurred within the last 6 months if the student is currently enrolled at least half-time
0.25% interest rate reduction with auto-debit*

Apply for a loan with SallieMae

*Visit www.SallieMae.com/SmartTerms for information about these benefits.

[+]U.S. Bank

U.S. BANK
No Fee Education Loan
1-800-242-1200

Interest Rate: Prime + 1.95% to Prime + 8.95%
Zero fees
$1,000 minimum loan amount
Students must be making Satisfactory Academic Progress in accordance with, or as defined by, your school's policy.
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

[+]Wells Fargo

WELLS FARGO
Collegiate Loan
1-800-658-3567

Interest Rate: Prime plus 1.00% to Prime plus 7.99%, subject to a contractual minimum of 3.25%
Zero fees
$1,000 minimum loan amount for first-time borrowers
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 if student is currently enrolled

Apply for a Loan with Wells Fargo