Alternative Loan Suggested Lenders

Key Alternative Loan

Interest Rate and Fees:

• 0 Fees
• Cosigned Rates as low as 3 month LIBOR +2.99%
• Non-cosigned Rates as low as 3 Month LIBOR +3.99%

Borrower Eligibility:

• Student must be enrolled at least half-time (6 hours)
• Loan is made in student's name
• In many cases, a credit worthy co-signer will be required for undergraduates
• Both U.S. Citizens and Permanent Residents are eligible to apply. At least one applicant must be a U.S. citizen
• Student does not have to maintain Satisfactory Academic Progress

Loan Limits:

• The minimum loan is $500
• The maximum loan is cost of attendance minus Financial Aid

Application Process:

• Applicants only need to do paperwork once, after that use Key's easy renewal on-line to secure future education financing.

Repayment:

• Principal and interest are deferred until 6 months after student is no longer enrolled at least half time.
• Interest is capitalized once at repayment.
• Repayment is 10, 15, or 20 years depending upon amount owed
• No pre-payment penalty
• Co-signer release option available after 48 on-time payments

Key Alternative Loans are serviced by Key Bank

To start the applicaiton process visit: http://www.key.com/cortland or call 1.800-539-5363

CitiAssist Alternative Loan

Interest Rate and Fees:

• CitiAssist has flexible credit evaluation and your interest rate could be as low as Prime minus 0.50%. The actual interest rate on this variable rate loan will be determined at the time of approval
• Fees as low as 0.00% (as of June 1, 2008)

Borrower Eligibility:

• Borrower must meet credit and income requirements or provide a credit worthy co-signer
• Borrower may be enrolled as a full-time, half-time or less than half-time student
• CitiAssist can also be used to pay balance incurred within the last twelve months
• Student can be non-matricualted
• Student does not need to be making Satisfactory Academic Progress

Loan Limits:

• There is no minimum loan amount
• The loan maximum is cost of attendance minus Financial Aid

Application Process:

• Receive a credit response in 3 minutes or less when you apply and sign on-line
• The on-line CitiAssist Master Promissory Note makes it easy to re-apply for your loan each year

Repayment:

• Sign up for CitiBank E-Z Pay and receive 0.25% intrest rate reduction
• Make your first 48 consecutive monthly payments on-time and automatically receive 0.50% interest rate reduction for remaining term of loan
• The CitiAssist loan is deferred while student is enrolled in school
• Co-signer release optionis available
• CitiAssist offers a 20 year repayment term
• Combined billing with Federal Stafford loans serviced by Citibank
• Citibank also offers the Citibank Private Consolidation Loan

CitiAssist Loans are serviced by Citibank

To start the application process visit: studentloan.com/schools/suny/cortland

Signature Alternative Loan

Interest Rate and Fees:

• Competitive Pricing that rewards creditworthiness: With two eligible borrowers: LIBOR + 2% to LIBOR + 6%. With one eligible borrower: LIBOR + 2% to LIBOR = 7.5%
• Zero fees

Borrower Eligibility:

• Student enrolled full-time, half-time or less than half-time
• Student can borrow based on their own credit history however, a co-signer may be necesssary. Student must be matriculated. No income requirement.

Loan Limits:

• The minimum loan amount is $500
• The maximum loan amount is cost of attendance minus Financial Aid Aggregate Limit: $100,000

Application Process:

• An online application can be completed at: https://opennet.salliemae.com/private/
• A credit check will be run and the borrower will know right away whether credit was approved, what the interest rate will be and an eligible co-borrower is needed.

Repayment:

• Interest rate reduction of 0.50% for auto debit
• Co-Signer release option after first 24 scheduled monthly payments
• No payments are required as long as the student is attending at least half-time (6 hours)
• Repayment begins 6 months after degree completion or when student drops to less than half-time enrollment
• Up to 15 years to repay
• Students can choose to make interest payments while in school
• UPromise LoanLink helps borrowers repay their Sallie Mae Serviced loans using savings accumulated in the borrower's UPromise rewards account
• Sallie Mae's Manage Your Loans allows students to view their loan history detail, make a payment, check the status of account, view payment history, change contact information, and reduce, postpone, or change an existing payment plan.

Signature Loans are serviced by Sallie Mae.

To start the application process please visit:

https://opennet.salliemae.com/apploansummary/?school_id=00284300&InstLndrID=900905&loanprogram=SIGNATURE

Chase Select

Interest Rate and Fees:

• Interest rate as low as Prime minus 0.50%
• You may receive a 0.50% interest rate reduction if approved with a qualified cosigner
• No origination or repayment fees

Borrower Eligibility:

• Can be enrolled full time, half time or less than half time
• Must be a U.S. citizen or permanent resident

Loan Limits:

• Minimum loan amount is $500
• The annual loan maximum is cost of attendance minus other Financial Aid

Application Process:

• E-Signature available
• Apply by phone or online - conditional approval is available, usually within minutes

Repayment:

• 0.25% interest rate reduction for having monthly payments automatically deducted from your bank account (ACH) by Chase
• Repayment begins 6 months after graduation or once borrower ceases to be enrolled
• Cosigner release available

Chase Select loans are serviced by Chase

CLC Premier Loan

Interest Rate and Fees:

• As low as prime - 0.50% for borrowers who apply with a qualified co-borrower
• As low as prime - 1.25% in repayment for borrowers who apply with a qualified co-borrower (includes all available borrower benefits).
• Rates ad fees are determined by a credit evaluation. Applicants are encouraged to utilize a qualified co-borrower to receive the most favorable terms.
• Zero application fee.
• Origination fee as low as 0% (determined by credit criteria) - added to the principal amount upon disbursement
• No repayment (bank end) fees.

Borrower Eligibility:

• At least 18 years of age or age of majority in the student's state of residence
• Enrolled at least half-time in a degree or certificate program
  • Can be used for students in short semester programs (e.g., summer and mid-semester breaks) if enrolled at least half-time during the academic year
• U.S. Citizen or eligible non-citizen with a CIS (formerly INS) 151 or I-551 card
• Must meet credit criteria
• Must maintain Satisfactory Academic Progress
• International students need an eligible U.S. citizen or permanent resident co-borrower

Loan Limits:

• Minimum loan amount is $1000
• Annual maximum:: up to the total cost of attendance, minus other aid received.
• Aggregate limit: up to $160,000 (not including federal loans)

Application Process:

• Fast and easy applications via phone or Internet
• Instant credit decisions via phone or Internet
• Paper applications are available at our website

Repayment:

• 0.50% interest rate reduction for borowers who choose to make interest payments while in school
  • Borrowers who pay all interest payments during enrollment willahve this benefit locked in for the life of the loan!
• 0.25% interest rate reduction for enrolling in automatic payments
• Interest capitalization upon repayment
• Repayment begins six months after graduation, leaving school or dropping below half-time enrollment
• Co-borrower release option after ANY 24 consecutive, on-time payments
• No payments for six-months after graduation, leaving school or dropping below half-time enrollment
• Minimum monthly payment of $50
• Interest is billed quarterly while in school, but payment is not required
• Interest that accrues during school and in grace will be capitalized only at repayment to reduce cost of interest
• Up to 25 years to repay. Repayment period is based on loan balance.

College Loan Corporation Premier loans are serviced by College Loan Corporation

Xtra Credit Alternative Loan

Interest Rate and Fees:

• Interest rate may be as low as Prime rate
• May be as low as Zero fees

Borrower Eligibility:

• Student must be enrolled at least half-time (6 hours)
• Must be credit approved
• A co-signer may be recommended to maximize the approval for the lowest interest rate possible.
• Student does not have to maintain Satsifactory Academic Progress

Loan Limits:

• Minimum loan amount is $500
• The annual loan maximum is cost of attendance minus Financial Aid

Application Process:

• Pre-approval and application is fast and easy either online or by phone
• The online application walks you through the application process and will let you know within minutes if you are eligible

Repayment:

• Automatic principal and interest deferment while in school
• Six month grace period following graduation or separation from school
• No prepayment penalty
• Combined billings with Edamerica Federal Stafford loans.

X-tra Credit loans are serviced by Edfinancial for the life of the loan.

https://loans.edamerica.net/

Loans/AltLoan/L505500/F002843/ApplyNow.aspx