If you choose to apply for a private loan, you will still have to select a lender. Often times, borrowers look to their college to provide information or recommendations on the many lenders offering educational loan products. Manhattan College does not benefit from lender choice in any way. All college employees subscribe to a Student Loan Code of Conduct. You are also encouraged to read the Federal Trade Commission's recommendations on how to avoid deceptive loan offers.
Students and families should research the varying rates and benefits offered by each lender carefully before selecting a private loan. We compiled a Private Loan Lender List to assist you in learning more about private lenders and their loan application guidelines, interest rates, maximum borrowing limits, and repayment plans. However, you are not limited to our suggestions and may choose any lender you wish; SFS will work with any lender.
Our office collects lender information through proactive requests for information (RFI). Lenders listed are selected by SFS on the basis of the following:
We are available to answer your questions and help you understand your rights and responsibilities in regard to financial aid and borrowing educational loans.
All loan policies, procedures, and the lender list are reviewed regularly by representatives of Student Financial Services of Manhattan College.