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Lenders Used by Augustana Students

 

Lender

Loan

Phone

Website

Anheuser-Busch Employee Credit Union    
Credit Union Student Choice Loan    
1-800-325-9905    
http://www.abecu.org
AlaskAdvantage Program
Alaska Supplemental Education Loan
1-800-441-2962
http://akaadvantage.alaska.gov
United Southwest Bank
Brainbucks Alternative Loan
Website Only
http://www.frontiernet.net/~uswbank/student.html
Baxter Credit Union 
Baxter Credit Union Priv. Ed. Loan 
1-866-614-7815 
https://www.bcu.org
Boeing Employees Credit Union
BECU Private Student Loan 
1-800-233-2328 
http://www.becu.org
CEFCU
CEFCU Private Student Loan 
1-800-858-3400 
https://www.cefcu.com/loans/private-student-loan
Charter One
Tru Fit Student Loan
1-800-721-3969
http://charterone.com/trufitstudentloan
Chase
Chase Select Private Student Loan
1-866-306-0868
http://www.chaseselectloans.com
cuStudentLoans
cuScholar Private Student Loan 
1-888-549-9050 
http://www.cuStudentLoans.org 
Discover
Discover Student Loan
1-877-728-3030
http://www.discoverstudentloans.com
Fifth Third Bank
Smart Option Loan 
1-800-222-7192
http://web.53educationlending.com/smart-option.asp
IH Mississippi Valley Credit Union 
IH Mississippi Valley CU Private Ed 
1-877-344-6085
http://www.ihmvcu.studentchoice.org
International Harvester Employee CU
Intl Harvester ECU PELOC 
1-800-576-IHCU
http://ihecu.com
Iowa Student Loan
IA Partner Alternative Loan 
1-800-243-7552 
http://www.studentloan.org
Motorola Credit Union
Credit Union Student Choice Loan
1-877-270-6392
http://www.mecunet.org
National Education 
Smart Option Student Loan 
1-800-345-4325
http://www.NationalEd.net
Bank of North Dakota
BND Student Loan
1-800-472-2166
http://www.mystudentloanonline.nd.gov
Minnesota Office of Higher Education
Student Educ. Loan Fund Loan
1-651-265-7666
http://www.ohe.state.mn.us/self/self.cfm
Motorola Employees Credit Union 
Motorola Employees CU Priv. Ed. Ln. 
1-800-644-2067 
http://mecu.studentchoice.org
PNC Bank
PNC Solution Loan
1-888-762-2265
https://www.pnc.com
RBS Citizens Bank 
TruFit Student Loan 
1-800-708-6684 
http://www.citizensbank.com
Rock Valley Credit Union
Credit Union Student Choice Loan
1-877-639-7607
http://www.rvfcu.studentchoice.org
Sallie Mae
Smart Option Student Loan
1-800-472-5543
http://www.salliemae.com/augustana
Suntrust
Custom Choice Private Student Ln
1-866-763-6350
http://academicanswer.suntrusteducation.com
Union Federal Savings Bank
Union Federal Private Student Loan 
1-866-513-8445 
http://www.unionfederalstudentloans.com
Wells Fargo
Wells Fargo Collegiate Loan
1-877-437-3029
https://www.wellsfargo.com/student
Wright Patt Credit Union
Credit Union Student Choice Loan
1-800-762-0047
http://wpcu.coop

Augustana College does not promote, recommend, or endorse any lender noted above.  The college does not have a preferred lender list and has not entered into a preferred lender arrangement with any lender.  The chart above consists of a list of all lenders who have made private/alternative loans to Augustana students over the past three years.  Augustana College will process private/alternative loans through any lender of your choice; you are not limited to the lenders listed above.

Augustana College strongly encourages students to take advantage of all Federal Direct Stafford Loan options before pursuing a private/alternative loan due to the fixed interest rates and borrower benefits associated with Federal Stafford Loans.  Students deciding to obtain a private/alternative loan are encouraged to spend time researching the various options available.  Interest rates, terms, fees, benefits to borrowers and repayment schedules can vary greatly among private loans and often are determined by the students' credit rating and whether or not they have a co-signer.  Augustana will be notified of loan certification once the loan application is complete with the lender.

Here are a few items to consider when choosing a private/alternative loan:

     1)  What is the current interest rate of the loan, the highest potential interest rate and how often is the rate
          adjusted?
     2)  What fees are associated with the loan?
     3)  What is the repayment schedule for the loan and are there any penalties for paying the loan off early?

Although the interest rate is an important factor, we advise you to consider the entire list of borrower benefits when choosing a lender.