Private Student Loan Program

Posted on July 27, 2008 by SLCN.
Categories: Private student loan.

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Benefits
  • Borrow up to $60,000 per year for educational expenses such as transportation, books and supplies
  • Funds disbursed in as little as 5 days after final approval
  • No federal financial aid (FAFSA) forms to complete
  • No financial need requirements
  • No application fees
  • Low monthly payments with a 20-year repayment plan
  • A 0.25% rate reduction for auto-debit payments


Private Loan Options
  • Undergraduate Loan - Undergraduate students seeking a degree or certificate may borrow up to $45,000 per year and $180,000 in total over four years.
  • Degreed Undergraduate Loan - College graduates seeking a second degree or a teaching credential may borrow up to $45,000 per year and $180,000 in total over four years.
  • Health Professional Loan - Both undergraduates and graduates seeking a degree, certificate or advanced degree in a health profession may borrow up to $60,000 per year and $240,000 in total over four years. Special deferment options are available during residences or internships following graduation.
  • Graduate Loan - Graduates seeking an advance degree or certificate may borrow up to $60,000 per year and $180,000 in total over three years.
  • Continuing Education Loan - Adults seeking self-improvement through continuing education classes may borrow up to $15,000 per year and $30,000 in total over two years.
  • Elementary and Secondary Loan - For parents of children attending elementary through secondary private school. Up to $20,000 per year, per child.
  • Private Consolidation Loan - Consolidate your private loans into one easy-to-manage loan with significantly lower monthly payments. Our low introductory interest rate combined with our interest-only payment option can lower your monthly payment amount by as much as 45% in the first year (please click here to see an example).