Culver-Stockton College

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The Commonly Used Lender List was created based on particular services and benefits each lender provides and that the Financial Aid Office considers important.

You may compare selected lenders by checking the box next to the particular lenders and hit the 'Compare' button. Once you have made your decision, select the 'Apply' button next to the lender to start the application process.






     Private Loan Commonly Used Lenders

Lender   Servicer      

Lender Code:  50300000 		  Chase SelectSM Private Loan      
View Benefit Details
 
Origination Fee: 0%
Interest Rate Reduction:
0.25% interest rate reduction for borrowers who have their monthly payments automatically deducted from a bank account.
Principal Reduction: None
Rebates: None
Other Benefits:
No origination or repayment fees
Interest Rate: LIBOR + 4.75% to LIBOR + 9.0%
Lower rates may be obtained by applying with a qualified cosigner and it may also improve your chances of approval.
Cosigner release option available after 36 on-time consecutive payments.
Chase currently holds and does not sell its Chase Select Private Student Loans. Terms and conditions apply. Loans are subject to submission of a completed application, credit approval and other required documentation and verification, as applicable. The borrower benefits listed above are offered to Chase Select Private Student Loan borrowers attending a participating school during the stated Academic Year and are not contingent upon Chase being selected for placement on a school’s preferred lender list. Nothing herein shall be construed as an agreement on the part of Chase to make loans available to or on behalf of particular students and Chase retains complete authority and discretion with regard to whether to provide such loans. Offered borrower benefits, interest rates and other loan product terms and features are subject to change at Chase’s discretion. Qualified borrowers pay no origination or repayment fees; a limited number of borrowers will not qualify for the zero percent origination fee and may be approved with an origination fee.
Lender   Servicer      

Lender Code:  83131200 		  Great Lakes      
View Benefit Details
 
Origination Fee: 0%
Interest Rate Reduction:
Automatic Debit Reward - 0.25% interest rate reduction when enrolled in automatic payments
Principal Reduction:
Graduation Reward - 2% cash reward on the outstanding principal balance at graduation (You may redeem the Graduation Reward by calling 1-877-728-3030)
Rebates: None
Other Benefits:
Zero prepayment fee
Interest rates: Prime Index + 1.00% to Prime Index + 7.75%
No payments while enrolled in school at least half-time
6 month grace period
Capitalization once, at repayment
Loans can be certified for balances incurred within last six months
Combined billing with federal loans available
Flexible repayment options available
Discover Student Loans is happy to announce that effective immediately, we have a non-cosigned Certified Private loan option.
- Most students will still need a cosigner to qualify for a private loan ("cosigner required"). A student with sufficient credit may qualify as an individual borrower("cosigner optional"). As such a student has the option to add a cosigner and doing so may lower their interest rate, or they can continue through the application process as an individual applicant.
Lender   Servicer      

Lender Code:  90090500 		  Sallie Mae      
View Benefit Details
 
Origination Fee: 0-3%
Interest Rate Reduction:
A 0.25 percentage point interest rate reduction is available when payments are made on your Sallie Mae Smart Option Student Loan by automatic debit 2
Principal Reduction: None
Rebates: None
Other Benefits:
Pricing that rewards good credit
Applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate
The borrower may apply for cosigner release after successful completion of their education 1
Why More Students And Families Choose Sallie Mae®
• Pay a little now, save a lot later by making interest-only payments while in school. Students complete their education with less debt and avoid capitalized interest
• Unwavering commitment and stability for more than 35 years—we have helped over 31 million students realize their dream of a higher education
• Easy online application and 24/7 online account management
• Available for U.S. citizens in study abroad programs and U.S. citizens studying at medical schools outside the U.S.
• You may be able to deduct the interest you pay on a qualified student loan. Consult your financial advisor for more information or visit http://www.irs.gov/pub/irs-pdf/p970.pdf
• Join Upromise® by Sallie Mae at Upromise.com, and you can use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan Link® 3
• Sallie Mae’s Education Investment Planner® is a free, online tool that makes it easy to quickly estimate the total cost of college and find ways to save and pay for it
1,2,&3 Visit www.SallieMae.com/SmartTerms for additional information.
Lender   Servicer      

Lender Code:  80717600 		  Wells Fargo      
View Benefit Details
 
Origination Fee: 0%
Interest Rate Reduction:
0.25% interest rate reduction when Wells Fargo automatically withdraws payments from a personal checking or savings account at repayment
Wells Fargo Student Graduation BenefitSM: 0.50% interest rate reduction at repayment upon verification of graduation (on loans disbursed on or after July 1, 2008)
Principal Reduction: None
Rebates: None
Other Benefits:
• Zero fees (origination, disbursement, repayment fees)
• Cosigner release after the first 24 consecutive on-time monthly payments.
• Combined billing of Federal Stafford, Federal PLUS, and Wells Fargo private loans.
• Free Wells Fargo College Checking® account, Online Banking, and Bill Pay.
• Wells Fargo Collegiate Loan: Prime + (1% to 7.99%)
• Wells Fargo MedCAP Loan: Prime + (1.5% to 4%)
• Wells Fargo MedCAP Loan: Most students can qualify for this loan on their own, without a cosigner.
• One place for all your financial needs. Wells Fargo offers banking products and services, such as the College Combo®, a suite of banking accounts and services designed for college students.
• With Wells Fargo, you'll get high quality service throughout your borrowing experience.

It is each lender’s responsibility to notify MOHELA when the above benefits change. MOHELA is not responsible for determining the validity of the information the lenders supply. The lenders listed have the right to modify, expand, or discontinue borrower benefits at any time without notice.

Rates are reviewed annually on July 1. Rate Relief and Public Service Benefits are offered exclusively by MOHELA in conjunction with its Lender-Partners and are available to eligible borrowers in repayment whose loans are owned and serviced by MOHELA. These benefits are not applicable to loans placed in Consolidation. These benefits do not lower the monthly payment, but rather reduce the amount of interest that accrues and results in more dollars being applied to the principal balance of the loan. MOHELA may discontinue offering these benefits to any borrower whose account becomes delinquent or in the event an auto debit is terminated for any reason. Loans guaranteed by Missouri state guarantee agency may qualify for an increased level of Rate Relief.

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