Private Education Loans Recommended Lender List

Below is a neutral list of lenders that have provided loans to CCRI students within the last five or more years. This list is meant to be utilized as a guide or starting point for analysis. Students are under no obligation to borrow from one of these lenders and are free to choose another lender who is not listed below. The College will certify a loan with any lender a student chooses.

Private Lenders
Lender Loan Limits Rates Origination Fees Term

Sallie Mae

For student enrolled in an eligible program. All applicants must be a US citizen or permanent resident or an international student with a US citizen or permanent resident cosigner.

 

 

 

 

Undergraduate Smart Option Student Loan 

 

 

 

 

 

 

 

 

 

 

 

COA-Aid

($1,000minimum) 

 

Repayment Options

 

Variable interest rates:2.87% APR - 9.91% APR

 


 

Fixed

Interest rates:

5.74% APR –

11.85% APR

 

 

 

 

 

 

 

0% 

Repayment:

 

5-15 years based on loan balance and year in school

 

Undergraduate Parent Loan

COA-Aid

($1,000 minimum)

Repayment Options

Variable interest rates:

4.62% APR-11.00% APR

Fixed interest rates:

5.74% APR-12.87% APR

0%

Repayment

10 years

Wells Fargo

For students enrolled in a degree or certificate program. All applicants must be a US citizen or permanent resident or an international student with a US citizen or permanent resident cosigner.

Wells Fargo Student Loan for Career and Community Colleges

COA-Aid

$100,000 cumulative maximum

Variable interest rates:5.46% APR – 11.24% APR

 


 

Fixed

Interest rates:

7.45% APR –

12.65% APR

 

Repayment begins 6 months after graduation/leave school, not to exceed 48 months if student attended a 2-year school.

 

 0% 

Repayment

  15 years 

This page developed and maintained by Financial Aid. Send comments and suggestions to ccrifafaq@ccri.edu .


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Last Updated: 8/15/17