Non-Federal Private Education Loans

We urge you to research the terms offered before choosing a lender. We also encourage you to stay with the same lender for all of your non-federal loans. We have listed below a group of lenders which have been used by many of our students.

After you choose a lender, follow the steps at the bottom of this page to complete the loan process.

Lender Comparison Chart:

Campus Door
1-800-786-0002

 

Loan minimum is $500; Loan maximum is Cost of Attendance less all other aid
Interest rates as low as Prime minus 0.5%
0% to 9% loan fees depending on credit strength
Grace Period is 12 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee.
Must be enrolled at least half-time
Students not maintaining Satisfactory Academic Progress may be eligible

Wachovia
1-877-689-0763

 

Loan minimum is $500; Loan maximum is Cost of Attendance less all other aid
Interest rates as low as Prime minus 0.5%
0% loan fees for most borrowers
Grace Period is 6 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Students not maintaining Satisfactory Academic Progress may be eligible

SallieMae Signature Loan
1-800-695-3317

 

Loan minimum is $500; Loan maximum is Cost of Attendance less all other aid
Interest rates as low as Prime minus 1.0%
0% to 6% fees depending on credit and if the loan has a co-borrower
Grace Period is 6 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Students not maintaining Satisfactory Academic Progress may be eligible

Citibank CitiAssist Loan
1-800-967-2400

 

Loan minimum is $1; Loan maximum is Cost of Attendance less all other aid
Interest rates as low as Prime minus 0.5%
0% loan fees for most borrowers
Grace Period is 6 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Students not maintaining Satisfactory Academic Progress may be eligible

US Bank Gap Loan
1-800-242-1200

 

Loan minimum is $1000; Loan maximum is Cost of Attendance less all other aid
Interest rates as low as 91 day T-Bill + 3.5%
4% to 8% loan fees depending on credit strength
Grace Period is 6 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Must maintain Satisfactory Academic Progress

US Bank No Fee Loan
1-800-242-1200

Loan minimum is $1000; Loan maximum is Cost of Attendance less all other aid
Interest rates as low as Prime plus 0%
0% loan fees
Grace Period is 6 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Must maintain Satisfactory Academic Progress

Bank of America
1-800-344-8382

Loan minimum is $1; Loan maximum is Cost of attendance less all other aid
Interest rate during repayment is Libor + 3.55%
0% loan fees
Grace Period is 6 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Must maintain Satisfactory Academic Progress

Iowa Student Loan Liquidity Corporation
Partnership Loan

 

MUST be an Iowa resident
Loan minimum is $500; Loan maximum is Cost of Attendance less all other aid
Interest rate during repayment is 8.40% Fixed or 3-Month Libor+2.85% variable
0% to 9% loan fees
Grace Period is not offered
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Must maintain Satisfactory Academic Progress

Nelnet Academic Private Loan
1-866-866-7372

Loan minimum is $1000; Loan maximum is Cost of attendance less all other aid
Interest rate is Libor +2.25% to 6.75%
0% loan fees
Grace Period is 6 months after leaving school
A co-signer may be required and/or can increase your chance of approval and may qualify you for a lower rate and/or fee
Must be enrolled at least half-time
Must maintain Satisfactory Academic Progress

 

After you choose a lender, follow the steps below to complete the loan process:

  1. Log on to the appropriate website or call the appropriate toll free number and complete a pre-approval application. Be prepared with all information necessary to complete a loan application.
  2. You may be able to complete your application/promissory note on-line using the electronic signature process. The web site will direct you as to the application instructions. Be sure to print a copy of your application for your records.
  3. If you were not able to sign electronically, you will need to send us a signed and completed application/promissory note. You will also need to have your co-borrower (if applicable) sign the application/promissory note.
  4. MNU will certify your loan once we hear from your lender or we receive your completed paper application/promissory note.
  5. As soon as the lender receives your properly signed promissory note, AND the certification from MNU, they will release the funds to MNU according MNU's scheduled disbursement dates.

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