Alternative Loan Recommended Lender List


 sallie mae SallieMae Smart Option Loan
as serviced by SallieMae 
Lender Code

Contact Information
Phone: 1.888.2.SALLIE or 1.888.272.5543

Lender Comparison Information

  • Interest Rate
    • Variable Rates: 2.25% APR to 9.37% APR
    • Fixed Rates: 5.74% APR to 11.85% APR
  • Loan Fees: No origination fees and no prepayment penalty
  • Repayment Options: Pay now or later—defer your payments until after school or choose an in-school repayment option that fits your needs.
    • Pay monthly interest
    • Pay $25 per month
    • Defer payments
  • Repayment Term: 5-15 years.
    • Repayment term will vary based on loan amount and year in school.
  • Special Features/Benefits
    • Auto Debit Savings — 0.25 percentage point interest rate reduction for automatic debit enrollment.
    • Smart Reward® — 2% cash back on scheduled payments made on time while in school with the Interest or Fixed Repayment Options.
    • Graduated Repayment Period — Budget flexibility for graduating students.
    • Tuition Insurance Benefit—Covers up to $5,000 of tuition lost due to a covered medical withdrawal. Available at no cost to you with loans that first disburse July 1 through October 31, 2013. Can be used if you have a balance to pay off before registering for the new semester.
    • Death and Disability loan forgiveness.
  • Loan Limit: Borrow up to 100% of your school-certified education costs (minimum $1,000).
  • Cosigner Requirement: Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate. You can apply to release your cosigner after you graduate and make 12 consecutive on-time principal and interest payments. Releasing the cosigner will not adversely impact the rate on your loan.
  • Eligibility: Available to students enrolled full-time, half-time, and less than half-time.
  • Application Process: - Student or cosigner can initiate the application process at It only takes about 15 minutes to apply online and get a credit result.


wells fargo Wells Fargo Collegiate Private Loan
as serviced by Wells Fargo Education Financial Services 
Lender Code

Contact Information
Phone: 1.800.658.3567

Loan Comparison Information

  • Choose your rate type — Choose from a competitive fixed or variable interest rate.
  • Eligibility Requirements: Enrolled full-time, half-time, or less than half-time as an undergraduate or graduate student in an approved program.
  • Co-signer Requirements: Adult who meets citizenship requirements and has established good credit history and steady income.
  • Co-signer Release: After the first 24 consecutive monthly payments are on time and borrower meets credit requirements.
  • Fees: No application, origination, or early repayment fees.
  • Borrower Benefits:
    • Customer Discount: 0.25% rate reduction for a previous Wells Fargo student loan or qualifying account.
    • Automatic payment discount: 0.25%
    • Graduation discount: 0.25% - Up to 0.50% total reduction
    • Other Benefits: In the event of the student borrower's death or total, permanent disability the cosigner won't be responsible for repayment.
    • Pay later — Make no payments until 6 months after leaving school
  • Index Rate: 3.25%
  • Number of years in student loan business: Wells Fargo has been in the student loan industry since 1968
  • Disclosures -


SunTrust Custom Choice Loan
as serviced by American Education Services (AES)


Lender Code


Contact Information
Phone: 1.866.232.3889

Loan Comparison Information

  • Choice of Fixed or Variable interest rates as low as 3.75% 
  • Choose your Repayment Type:
    • Pay nothing while in school
    • Pay Interest only
    • Pay Partial Interest
    • Start paying now
  • Generous Borrower Benefits
    • 1% Principal Reduction per loan at graduation
    • Up to .50% Interest Rate Reduction for ACH
  • No Origination or Repayment Fees
  • Co-signer Release available
  • SunTrust Private Student Loan Consolidation available
    • Consolidate one or multiple private student loan(s) from any lender
    • Aggregate Limit: $150,000 with bachelor's degree or $250,000 with graduate degree
  • SunTrust Custom Choice Disclosure


 Union Federal Union Federal Private Student Loan
as serviced by American Education Services (AES)

Contact Information
Phone: 1.866.513.8445

Lender Comparison Information

  • Competitive rates starting as low as 2.87%
  • No Origination or Repayment fees
  • Choice of multiple repayment terms
  • 0.25% interest rate reduction for ACH payments
  • 0.25% interest rate reduction for on-time payments
  • Cosigner release option after 36 months of on-time payments
  • International students must apply with an eligible U.S. cosigner
  • Can be used to cover past due balances
 Charter One


Charter One TruFit Student Loan
as serviced by Charter One


Lender Code

  Contact Information
Phone: 1.866.721.3969 

Loan Comparison Information

In addition to undergraduate students, we've expanded our product suite and now offer the TruFit Student Loan for graduate, law, MBA, medical and dental students.

  • No origination, application or disbursement fees
  • Fixed rate as low 5.75%
  • Variable rate as low as one-month LIBOR + 2.50% - 
  • 0.25% interest rate reduction for automating payment from any eligible bank account
  • Choice of repayment options — borrowers may defer payments, pay interest only or begin making payments while in school
  • Up to .75% interest rate discounts!
    • Employee Pricing for ALL – 0.25% interest rate discount for all approved borrowers who apply between June 1, 2013 and August 31, 2013 
    • Loyalty Benefit - Automatic 0.25% interest rate discount for Citizens banking customers and TruFit Student Loan borrowers on their new TruFit Student Loan.
    • Automated Repayment Savings - 0.25% interest rate discount with authorized ACH monthly TruFit Student Loan payments
  • Loan forgiveness in the unfortunate event of the death or total and permanent disability of the student. If the loan is cosigned, the cosigner will be released from future obligations related to the loan debt as well
  • Co-signor release after 36 on-time principal and interest payments after leaving school
  • Satisfactory academic progress not required
  • Eligible for past due balance up to 180 days after the date of last attendance
  • Charter One TruFit Student Loan disclosures
  • Charter One has 25 years experience with student lending


discover Discover Private Student Loan
as serviced by Discover Student Loans
Lender Code

Contact Information
Phone: 1.877.728.3030


Lender Comparison Information

  • Choose from fixed or variable interest rate:
    • Fixed rates as low as 5.49% APR
    • Variable rates as low as Prime Index + 0.00% (currently 3.25% APR)
  • Zero fees
  • Borrower Benefits
    • 0.25% Auto Debit Reward
    • Cash reward equal to 2% of the students outstanding principal balance at the end of the month of graduation (only available for variable rate loans)
    • No payments required while in school at least half-time
  • Borrower Eligibility
    • Enrolled at least half-time
    • Seeking a degree
    • Making satisfactory academic progress
    • US citizen, permanent resident or international student (International students require a Social Security number and a cosigner)
    • 16 years are older at the time you apply
    • Pass a credit check
  • Cosigner Eligibility
    • At least 18 years old
    • US citizen or permanent resident
    • Must pass a credit check
  • Simple Process: Apply online or over the phone in just a few minutes
    • Consider adding a cosigner; by choosing to add a cosigner, you may receive a lower interest rate
    • Our knowledgeable Student Loan Specialists are ready to help you 24 hours a day, 7 days a week.
  • Discover is a leading direct bank with over 25 years of experience
  • Disclosures