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
($1,000 minimum)
Repayment Options

Variable interest rates:4.00% APR-10.86% APR

Fixed Interest rates: 5.74% APR – 11.85% APR
0% Repayment:
5-15 years based on loan balance and year in school
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 Parent Loan COA-Aid ($1,000 minimum) Repayment Options

Variable interest rates: 5.49% APR-11.87% 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: 7/27/18