Friday, December 18, 2015

We strongly recommend that students and family members only consider private alternative loans after all types of federal and Dartmouth financing have been exhausted. Please meet with a Dartmouth financial aid officer to discuss options that are in your best interest.

ABOUT TAKING ON PRIVATE LOANS

Your ability to obtain private funding is largely based on your credit-worthiness and current indebtedness. Students will be required to use a cosigner.
Scrutinize loan terms (interest rates, fees, payment obligations, etc.), as they vary widely. Most alternative loans do not offer deferment or forbearance options, so if you experience problems during repayment, contact your lender immediately.

DARTMOUTH COLLEGE PRIVATE ALTERNATIVE LOAN LENDER LIST

This is a comprehensive, three-year list of lenders used by our undergraduate families. Your family’s needs are unique and no lender is perfect for every family. Shop around to find the best loan to meet your needs.
Please note:
  • The list is NOT ranked in any way.
  • We do not have preferred arrangements with any of the lenders listed below.
  • Dartmouth's Financial Aid Office receives no benefit for listing these lenders.
  • We cannot legally recommend a lender to you.
  • Under federal law, you have the right to borrow through the lender of your choice regardless whether they appear on this list.
  • Some loans have citizenship, residency, or membership requirements

LENDER LIST

  • American Heritage Federal Credit Union
  • Associated Credit Union
  • Bank of Lake Mills
  • Citizens Bank Student Loan® *
  • Digital Federal Credit Union
  • Discover® Student Loans *
  • Everett Credit Union
  • Pentagon Federal Credit Union
  • PNC Solution Loan
  • Quorum Federal Credit Union
  • Regions Bank
  • Sallie Mae Smart Option Student Loan® *
  • SoFi
  • SunTrust Custom Choice Loan
  • Transportation Federal Credit Union
  • Wells Fargo Collegiate® Loan
* These loans will consider an application from an international student with a credit worthy citizen of  the United States as a co-signer.

LOANS WITH STATE RESIDENCY REQUIREMENTS

  • Alaska Supplemental Education Loan
  • Connecticut Higher Education Supplemental Loan Authority (CHESLA)
  • Maine Educational Loan Authority (MELA)
  • Massachusetts Educational Finance Authority (MEFA)
  • New Jersey Class Loan (NJCLASS)
  • Rhode Island Family Education Loan
  • Vermont Student Assistance Corporation (VSAC)

LOANS WITH MEMBERSHIP REQUIREMENTS

  • Affinity Plus Federal Credit Union
  • Chase Select PrivateSM Student Loan
  • NASA Federal Credit Union
  • Northwest Federal Credit Union
- See more at: http://admissions.dartmouth.edu/financial-aid/apply-aid/current-students/types-financial-aid/private-loans#sthash.7GCUEZiT.dpuf
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