Open Menu Open Search

Lenders used by Augustana students

Augustana College does not promote, recommend, or endorse any lender noted below. The college does not have a preferred lender list and has not entered into a preferred lender arrangement with any lender.

The chart consists of a list of all lenders who have made private/alternative loans to Augustana students over the past three years.

Augustana College will process private/alternative loans through any lender of your choice; you are not limited to the lenders listed above. Please note: Lenders who made private/alternative loans, but no longer provide a private loan option, have been removed from this list.

Augustana College strongly encourages students to take advantage of all Federal Direct Loan options before pursuing a private/alternative loan due to the fixed interest rates and borrower benefits associated with Federal Direct Loans.

Students deciding to obtain a private/alternative loan are encouraged to spend time researching the various options available. Interest rates, terms, fees, benefits to borrowers and repayment schedules can vary greatly among private loans and often are determined by the students' credit rating and whether or not they have a co-signer.

Augustana will be notified of loan certification once the loan application is complete with the lender.

Here are a few items to consider when choosing a private/alternative loan:

  1. What is the current interest rate of the loan, the highest potential interest rate and how often is the rate adjusted?
  2. What fees are associated with the loan?
  3. What is the repayment schedule for the loan and are there penalties for early repayment?

Although the interest rate is an important factor, we advise you to consider the entire list of borrower benefits when choosing a lender.