Private Education Loans

 

Though we encourage students to utilize Employment Self Help (ESH) opportunities and summer earnings to finance their education, we realize there are some situations where students need to borrow beyond this.  It is our goal to help each student understand the financial obligations they commit themselves to when borrowing.  When selecting a private loan lender, carefully examine the rates and terms associated with the loan.  The borrower’s and/or co-borrower’s credit will be examined to determine approval of the loan.  Eligibility of the loan amount applied for will be determined by cost of education minus the total of financial aid received.

 

Comprehensive Private Lender List

 

The following list of lenders has provided private loans to Wabash students for the last three academic years. Please note that Wabash College does not endorse a particular private loan lender.   The lenders listed are arranged in alphabetical order. To apply for a private loan, please select the lender of your choice and follow the steps listed on their website.

 

ATTENTION: FEDERAL LOAN ALTERNATIVES

You may qualify for Federal education loans or other assistance. Please check your financial aid award and/or contact the Financial Aid Office regarding your eligibility. Current interest rates for federal loans:

 

Loan Program	Current Interest Rates by Program Type (2011-2012)
Stafford (For students)	3.4% fixed	Undergraduate subsidized
	6.8% fixed	Undergraduate unsubsidized
PLUS (For parents)	7.9% fixed	Federal Direct Loan *Custodial and Non-custodial parents may each apply