Manhattan College    

Alternative (Private) Loan

 

Alternative (Private) Loan – Lender Options

Alternative loans have variable interest rates. Please review current LIBOR and Prime Rates before applying for this type of loan.

                                                         Lender

Lender
Code

Benefits/Fees

Apply Below

Wells Fargo “Collegiate” Loan
(800)-869-3557
https://www.wellsfargo.com/student/

807176

  • Prime Rate (3.25%) + “tier” depending on credit (tier range 1.00 – 7.99%).
  • 0.25% interest rate reduction for auto-debit.
  • 0.50% interest rate reduction upon graduation.
  • Co-signer release available after (24) consecutive, monthly on-time payments.
  • $120,000 aggregate loan limit.

Click Here to Apply

PNC “The Solution” Loan
(800)-762-1001
http://www.pnconcampus.com

809921

  • LIBOR + 4.00% to 10.75%
  • Origination fees 0% - 6%
  • 0.25% interest rate reduction for auto-debit.
  • Loan origination fees range from 0% to 6% of the total loan amount (requested loan amount plus the origination fee)
  • Co-signer release available after (48) consecutive, monthly on-time payments.
  • No aggregate loan limit.

Click Here to Apply

Citibank “CitiAssist” Loan
(800) 967-2400
studentloan.com/schools/mc

826878

  • 3-month LIBOR + 4.75% - 11.50%
  • Origination fees 0% – 6%
  • 0.25% interest rate reduction for auto-debit.
  • Co-signer release available after (24) consecutive, monthly on-time payments.
  • $120,000 aggregate loan limit.

Click Here to Apply

Sallie Mae “Smart Option” Loan
(888) 2-SALLIE
www.salliemae.com

900905

  • Interest-Only Payments are MANDATORY while student is enrolled.
  • LIBOR + 4.25% – 10.50%
  • Origination fees 0% – 3%
  • Additional 0.25% IRR is available if the borrower provides valid e-mail address and elects to receive online servicing communications.
  • Co-signer release available.

Click Here to Apply

Chase “Select” Loan
(866) 306-0870
http://www.chaseselectloans.com/

 

803000

  • LIBOR (0.62%) + 4.40% - 9.75%
  • No origination or repayment fees.
  • 0.25% interest rate reduction for auto-debit.
  • Co-signer release available after any (36) consecutive, monthly on-time payments.
  • $120,000 aggregate loan limit.
  • Credit-worthy students who apply without a co-signer will automatically be assigned to the higher rate of LIBOR (0.62%) + 9.00%

Click Here to Apply

 

 

 

This page was last updated on 10/27/2009.