Skip to content. | Skip to navigation

Personal tools
Log in

Navigation

You are here: Home / Types of Aid / Loans / Private Alternative Loans / Lenders

Lenders

The following is a list of lenders with whom Penn State students have conducted business in the past three to five years. Neither Penn State nor the Office of Student Aid promotes, endorses, or recommends any of these loan products or lenders.

Also included on this page, loans offered by state agencies.

Loan Lenders

You have the right to select the alternative lender of your choice.

Charter One TruFit Student Loan

  • Degree students only
  • Must be enrolled at least half-time

Citizens Bank Trufit Student Loan

  • Degree students only
  • Must be enrolled at least half-time

cuScholar Private Student Loan by cuStudentloans

(also lists participating credit unions)

Credit Union Student Choice

(lists participating credit unions)

Discover Student Loans

Penn East Federal Credit Union

  • Degree students only
  • Can be enrolled less than half-time

PNC Solution Loan

  • Degree students only
  • Must be enrolled at least half-time

Smart Option Lenders - lending partners include AMS, Fifth Third Bank, Nellie Mae, Regions Bank, Sallie Mae

  • Degree and non-degree students
  • Can be enrolled less than half-time

Sun Trust Custom Choice Loan

  • Degree students only
  • Must be enrolled at least half-time

Wells Fargo Collegiate Loan

  • Degree and non-degree students
  • Can be enrolled less than half-time

If you are denied a loan, you and your co-signer can contact the lender and request an Adverse Action Credit Letter to determine why. You should also request a copy of your credit report to review your credit information.

Many alternative lenders will approve a loan for international students who have a creditworthy U.S. citizen or permanent resident as a co-signer. Contact the lender of your choice to determine if you are eligible.

Loans offered by state agencies

Your state may offer a loan program to its residents through your home state higher education agency.  Be aware that many of these programs have limited funds and repayment options. The following list is not exhaustive.

Alaska Supplemental Education Loan

Connecticut Higher Education Supplemental Loan Authority (CHESLA)

Maine Educational Loan Authority (MELA)

  • Maine residents only
  • Degree students only
  • Enrolled at least half-time

Massachusetts Educational Financing Authority (MEFA)

New Jersey Class Loan

Rhode Island Student Loan Authority (RISLA)

  • Rhode Island residents only
  • Degree students only
  • Can be enrolled less than half-time

South Carolina Palmetto Assistance Loan (PAL)

Vermont Student Assistance Corporation (VSAC) Advantage Loan

Filed under: ,

Document Actions

timeline

 Timeline

elion

eLion

fafsa

FAFSA

tutorials

Tutorials

calculator

Aid Calculator

money_manager

Money Manager