Please be aware that most of these loans have variable interest rates and have no cap; these interest rates may change monthly or quarterly depending on the bank/lender. Interest does accrue on private/alternative loans, and may be deferred while in school, or depending on the lender must be paid while in school. We recommend, when possible, to pay any accrued interest while in school and during the six-month grace period. Please see the individual borrower benefits for each bank/lender listed below.
Messiah College does not accept any revenue sharing funds from any lender.
Please don't hesitate to contact the Financial Aid office at (717) 691-6007, Monday through Friday, 8:00 a.m. to 5:00 p.m. if you have any questions.
LOAN NAME |
COMPANY/CONTACT INFO |
INTEREST RATE
& FEES |
DISCOUNTS
& BENEFITS |
MISC. INFO |
APPLY NOW
LINKS |
Academic Answer by SunTrust |
SunTrust Education Loans
1001 Semmes Avenue
Richmond, VA 23224
1-866-763-6350 |
Interest Rate:
* 1 month LIBOR + 4% to LIBOR + 10.25%
* Rate adjusted monthly
Fees:
Zero fees
|
* $300 principal reduction (per loan) at graduation
* 0.25% rate reduction for auto-debit |
* Must be at least 17 yrs old w/co-signer
* 6 month grace period
* Co-borrower released available after 48th on-time consecutive payment |
Apply Now |
Chase Select Loan |
Chase Education Finance
IN1-9610
1 East Ohio Street, 14th Floor
Indianapolis, IN 46277
1-866-306-0868 |
Interest Rate:
*Three month LIBOR + 3.65% to LIBOR + 10.25%
* Rate adjusted quarterly
* Interest capitalized once at repayment
Fees:
Zero fees |
* 0.25% interest rate reduction for auto debit
|
* $500 Minimum loan
* 6 month grace
* Co-borrower released after 36th on-time payment |
Apply Now |
Citibank CitiAssist Loan
|
The Student Loan Corporation
P.O. Box 6074
Sioux Falls, SD 57117-6074
1-800-967-2400 |
Interest Rate:
* Three month LIBOR + 4.75% to LIBOR + 11.50%
* Interest Rate adjusted quarterly
Fees:
0% to 6% fees |
* 0.25% rate reduction for auto debit |
* $1000 minimum
* 6 month grace
* Co-borrower released after 24th on-time consecutive payment
*Interest capitalized once at repayment
|
Apply Now |
Citizens Bank TruFit Student Loan |
Citizens Bank
Education Finance
725 Canton Street
Norwood, MA 02062
1-800-708-6684 |
Interest Rate:
* 1 month LIBOR + 3% to LIBOR + 12.50%
* Rate adjusted monthly
Fees:
0%-5% |
* 0.50% rate reduction for auto debit
from any eligible Citizens Bank account |
* $1,000 minimum
*Must be at least 17 yrs. with co-signer
* Up to 15 year repayment
|
Apply Now |
Discover Certified Private Loan
|
Discover Student Loans
P.O. Box30947
Salt Lake City, UT 84130-0947
1-877-728-3030 |
Interest Rate:
* Prime + 1% to Prime + 7.75%
Fees:
Zero fees
|
*2% principal reduction at graduation
* 0.25% interest rate reduction for auto debit
|
* 15 year repayment |
|
Addison H. Gibson Foundation |
Addison H. Gibson Foundation
One PPG Place, Suite 2230
Pittsburgh, PA 15222
1-412-261-1611 |
Interest Rate:
* 2% per year until one yr after graduation, 5% from then on.
|
|
* For residents of western PA only (specific counties only)
* $12.000 maximum
* 2.8 GPA required
* Interview required |
Apply Now |
NJ CLASS |
NJCLASS
PO Box 540
Trenton, NJ 08625
1-800-792-8670
|
FIXED Interest Rate:
* 7.92% for deferred principal & interest
* 7.62% for monthly repayment of principal & interest
OR quarterly interest payment while in school
* Interest increases 0.75% after the 48th payment
* Interest capitalizes annually
Fees:
2% origination fee |
* 0.50% rate reduction for auto debit |
* For NJ State residents only
* Fixed interest rate loan, but interest rate increases by 0.75% in 49th month of repayment |
Apply Now |
PNC
Solution Loan for Under-graduates |
The PNC Solution Loan for Undergraduates
2600 Liberty Avenue, Suite 200
Pittsburgh, PA 15222
1-800-762-1001 |
Interest Rate:
3 month LIBOR + 4.00% to LIBOR + 10.75%
Fees:
0% to 6% |
* 0.25% rate reduction for auto debit |
* Must be at least 17 yrs old w/co-signer
* 6 month grace
* Co-borrower released after 48th on-time consecutive payment |
Apply Now |
Sallie Mae
Smart Option Student Loan |
Sallie Mae Inc.
12061 Bluemont Way
Reston, VA 20190
1-888-272-5543 |
Interest Rate:
* 1 month LIBOR + 4% to LIBOR + 12.5%
* Rate adjusted monthly
Fees:
* 0% to 3% disbursement fee
|
* Interest only payments are required monthly
*0.25% rate reduction for auto debit
* 0.25% rate reduction to receive all correspondence through email.
|
* $1000 minimum
* Must be at least 17 yrs old w/co-signer
* 6 month grace period of principal only
* Repayment term 5-15 years
* UPromise Loan Link |
Apply Now |
StuFund |
Student Funding Group, LLC.
106 Allen Road
Liberty Corner, NJ 07938
1-877-788-4773 |
Interest Rate:
* Prime + 1.00% to Prime + 7.75%
Fees:
Zero fees |
* 2% graduation reward on outstanding principal balance.
* 0.25% rate reduction for auto debit |
* Co-borrower is required for all undergraduate loans
* 15 yr repayment |
Apply Now |
Wells Fargo Collegiate Loan |
Wells Fargo Education Financial Services
301 East 58th Street North
P.O. Box 5185
Sioux Falls, SD 57117-5185
1-800-658-3567 |
Interest Rate:
* Prime + 1% to 7.99%
(Subject to a contractual minimum of 3.25% if Prime is lower than 3.25% + margin listed above.)
* Rate adjusts monthly
Fees:
Zero fees |
* 0.25% rate reduction for auto debit
* 0.50% rate reduction at repayment upon verification of graduation
|
* $1000 Minimum loan
* 6 month grace
* 15 yr repayment
* Co-borrower released after 24th on-time consecutive payment
|
Apply Now |
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