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Private Alternative Lender List

The following is our suggested Lender List for the Alternative Student Loan program. We provide the list to assist you in choosing the benefit that best meets your needs. We have chosen these lenders because of their customer service and outstanding savings. We suggest you use one of the choices shown but we will certify a loan for another lender of your choice if you prefer.

*You will also be required to complete a self-certification form in order to receive alternative loan funds.

* ~ * Be advised - Borrower benefits listed are subject to change and are based on either guaranteed date or disbursement date as determined by the lender; not based on the MPN signed date. * ~ *

Lender List Rationale

The University of Saint Francis Office of Financial Aid selected the suggested lenders through an official Request for Information (RFI) process. The RFI concentrated on selecting lenders based on stability, customer service and benefits for borrowers.  The areas that were evaluated were benefits offered to the borrower and customer service to student and school. Preference was given to benefits that had the greatest savings and offered variety of choice to the borrower.

Lender Information Interest Rates

Fees

Borrower Benefits Select
Wells Fargo
Collegiate		 Prime + 1.00% to Prime + 7.99% 0%

0.25 interest rate reduction with auto debit

0.50 interest rate reduction at repayment upon verification of graduation

 Select
Wells Fargo
MedCap		 Prime + 1.50% to Prime + 4.00% 0% 0.25 interest rate reduction with auto debit

0.50 interest rate reduction at repayment upon verification of graduation		 Select
Discover
 Discover Student Loan		Prime + 0.50% to Prime + 7.75% 0% 0.25% Interest Rate Reduction with Auto-Debit and agreeing to receive E-statements only Select
Citibank
 CitiAssist Loan		3mth Libor + 3.25% to 3mth Libor + 11.00% 0%-3% 0.25% Interest Rate Reduction with Auto-Debit Select
Sallie Mae
Smart Option Student Loan		1mth Libor + 2.5% to 1mth Libor + 9.875%0% 0.25% Interest Rate Reduction with Auto-Debit

0.25% Interest Rate Reduction for providing a valid email address and receiving all servicing communications via email

 Select
Chase
Select Loan		 3mth Libor + 3.80% to 3mth Libor + 9.25% 0% 0.25% Interest Rate Reduction with Auto-Debit Select
U.S. Bank
U.S. Bank No Fee Education Loan		Prime + 0.95% to Prime + 8.95%0% 0.50% Interest Rate Reduction with Auto-Debit  Select
PNC
Solution Loan		 1mth Libor + 4.00% to 1mth Libor + 10.75% 0%-6% 0.50% Interest Rate Reduction with Auto-Debit Select
Other Lenders
    You may use other lenders not appearing on this list  
Charter One
TruFit Student Loan		 1 month LIBOR + 3% - 1 month LIBOR + 13%0% 0.50% Interest Rate Reduction with Auto-Debit from any Charter One account Select