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Financial Aid

The following alternative loan comparison chart includes some of the lenders that offer private, non-federally funded student loans. For a more extensive list, click here.
(The University of Northern Iowa is unable to certify some alternative loans due to borrower qualifications.) We recommend that students compare several lenders before selecting a private loan.
Loan Company Chase
ChaseSelectLoans.com
866.306.0868		 Campus Door
campusdoor.com/StudentLoan
800.786.0002		 CitiBank
studentloan.com
800.692.8200 		Sallie Mae
salliemae.com/signature
888.272.5543		 US Bank
usbank.com/
studentloans
800.242.1200 		Wells Fargo
wellsfargo.com
800.658.3567
Program Name Chase Select Alternative Loan CitiAssist Signature Student Loan No Fee Education Loan Collegiate Loan
Class of Students Undergrad, Grad Undergrad, Grad Undergrad, Grad Undergrad, Grad Undergrad, Grad Undergrad, Grad
Co-signer required? No, but may receive lower rates with a qualified co-signer No Not if borrower is credit-worthy and meets income requirements Not if borrower
is credit worthy		 Not if borrower
is credit worthy		 Not if borrower is credit-worthy and meets income requirements
Loan in whose name? Student Student Student Student Student Student
Degree program Required? Degree or certificate No No Yes Yes Yes
Minimum Enrollment Full-time, half-time or less than half-time At least
half-time		 full-time, half-time, or less than half-time full-time, half-time, or less than half-time full-time, half-time, or less than half-time full-time, half-time, or less than half-time
Grace Period 6 months 12 months 6 months 6 months 6 months 6 months
Max. length of repayment period Up to 25 years Up to 25 years Up to 20 years 15 years standard, up to 30 years for higher aggregate loan balances. Up to 15 years Up to 20 years
Loan Fees None 0%-5% cosigned
3%-9% non-cosigned		 None None None None
Interest Rate Prime - 1% to Prime + 6% Prime - 0.5% to Prime + 4.9%
based on credit		 Prime - 0.5% to Prime + 4.75% based on credit 1-Month LIBOR + 2% up to +7.7% Prime + 0%, 1.95% or 3.95% based on credit Prime +0%, 1.5%, 3.5%, or 4.5% depending on credit
Type of Interest Variable, adjusted quarterly Variable - Adjusted quarterly Variable - Adjusted quarterly Variable - Adjusted monthly Variable - Adjusted Monthly Variable - Adjusted Monthly
How often is interest capitalized At repayment At repayment At repayment At repayment At repayment At repayment
Minimum Loan Amount $500 $500 None $500 $1,000 $1,000