Private Loan Program
You may apply for these loans to help cover the educational costs you will incur during one term or one academic year. Generally, these are not need-based loans, but rather loans based on such factors as credit-worthiness and stability of income, residence, or employment. Many of the loan programs offer deferment options while you are in school. You will be able to apply for pre-approval by phone, fax, or mail. Some programs will require certification of your enrollment status and/or educational costs by the Excelsior College Financial Aid Office. Remember, you must repay these funds to the lender. If the loan program you have chosen requires verification of admission or enrollment status, please contact the Financial Aid Office.
Wells Fargo Collegiate Loan
Provided by Wells Fargo Education Financial Services
The Wells Fargo Collegiate Loan is an ideal solution for students at Excelsior College. The loan is designed for students who want additional training to change careers, or who are working and want to enhance their current careers. Students may borrow up to the cost of the program or the minimum amount of $1,000. The interest rate is as low as the Prime Rate + 0 percent, and there are no origination, disbursement, or repayment fees.
The Wells Fargo Collegiate Loan's affordable rates and flexible repayment options make paying for your education easier than ever.
Offering you a 0.50% combined savings on your interest rate is our way of congratulating you for your hard work while helping you get started on your life after college.
You'll also get:
To apply, call Wells Fargo at 1-877-401-6974 or go online at https://apply.wellsfargo.com/student_datacollection. If you apply with a co-signer, both of you should have the following information ready beforehand. If your co-signer is not present with you when you sign on, you will need his or her information and permission to apply. (A co-signer may improve the likelihood of an approved application.)
After you submit your application, it will be evaluated for pre-approval status. You will receive a response online within a few minutes. Be sure to record your application number for your reference.
Sallie Mae Smart Option Student Loan
Provided by Sallie Mae
Provided by Citibank
Interest Rate: Prime – 0.50% to + 4.50% (based on credit and presence of a co-signer)
Minimum Loan Amount: None
Citibank is pleased to offer Excelsior College students the CitiAssist Loan. When the money you have for school doesn’t add up to the money you need, choose the CitiAssist Loan. Each year, with the CitiAssist Loan, you can borrow up to the cost of education less any financial aid you receive. There is no annual or minimum loan amount. You may be enrolled as a full-time, half-time or less than half-time student. CitiAssist can also be used to pay balances incurred within the last twelve months. International students are able to apply with a credit worthy U.S. citizen or permanent resident co-signer.
CitiAssist gives you 100% of the amount you ask for. There are no origination, guarantee or repayment fees. CitiAssist offers flexible credit guidelines designed to accommodate a wide range of credit histories. Your interest rate could be as low as Prime minus 0.50%. Actual interest rate will be determined at the time of approval.
Unlike other loans, CitiAssist offers money savings repayment incentives.
The CitiAssist Loan is deferred while the student is enrolled in school so no payments are required. Repayment doesn’t begin until 6 months after the student graduates or leaves school, and the borrower can have up to 20 years to repay. CitiAssist is a fast and easy application. When you apply online at www.studentloan.com students and co-signers can apply and sign online and receive a credit response in three minutes or less. CitiAssist offers a variety of repayment options to help students manage their finances including interest-only and forbearance options. CitiAssist borrowers can have combined billing with their Citibank Stafford Loans to get the added convenience of one statement with a single payment for all.