Educational Loan Lenders

Educational Financing for Students

SUMMER 2008 LOAN APPLICATION INSTRUCTIONS:

To apply for a Federal Plus loan print out and submit the Federal Plus Loan Request to the Office of Financial Assistance.

To apply for a Private Student Loan please use the lender links listed below.

Submit your loan applications as soon as possible, processing time may take up to two weeks.

2008-2009 LOAN APPLICATION INSTRUCTIONS:

Fall 2008 Admits - You are required to Accept or Decline each financial assistance item by clicking on the Accept/Decline link in the Student Services Center in WaveNet.  If you accept the loan in WaveNet you will be prompted to select your lender.

Returning Students - You will receive an e-mail when your Financial Assistance Notification for the 2008-2009 academic year is available.  The e-mail will instruct you to log into WaveNet to view your notification online.  Once you retrieve your Financial Assistance Notification in WaveNet you will be prompted to accept or decline your loan amounts.  If you accept the loan you will then be prompted to select your lender.

Accept/Decline Awards Instruction Page

Log into Wavenet.

Educational Loan Lenders 2008-2009

The lenders listed below are intended to be a resource for students seeking educational loans.

There are many other lenders to choose from.  You are not obligated to choose one of the lenders listed below.  You may select any lender (bank or credit union) that processes student loans.  You are advised to independently research various lenders.  Each lender listed below is reviewed and evaluated regularly and no less than annually, by the Financial Assistance Office.

Questions to ask a lender:

• Are there any fees associated with the loan?  If so will they be deducted from the loan disbursement or added to the principal loan amount?
• How do I earn repayment benefits?
• What do I have to do to keep my repayment benefits?
• What percentage of your customers qualify for your repayment benefits?
• When and how will my interest rate be disclosed to me?
• How long can I defer payments on the loan if I decide to go to Graduate school?

These lenders were selected based on products¹, pricing², processing³ and customer service⁴ with no one single factor being determinative.

Pepperdine University uses USAF (United Student Aid Funds) as our primary guarantor.

If you want to borrow a private loan through a lender that is not listed below, please go to that lender's website to apply for the loan.

All Student Loan Corp
Chase Bank*
CitiBank
College Loan Corporation * (Only offers Private Alternative loans)

Sallie Mae*
Wells Fargo*

* This lender may have agreements to sell their loans in the secondary market.

Students and/or parents interested in researching additional lenders may also find the following link helpful:

Additional Lenders

CitiAssist Global loan - Citibank, as part of its loan offerings to Pepperdine University, Seaver College, provides less credit-worthy students who have been refused a standard CitiAssist loan the opportunity to apply for a CitiAssist Global loan as long as funding is available.  Please note that loans to less credit-worthy borrowers may come with less favorable terms, including higher interest rates and/or higher origination fees.  Such loans may be appropriate only in certain circumstances, and are normally offered on a one-time basis.

¹Products - Educational loan resources for students and parents that are fair, competitive, accessible and tailored to the education needs of borrowers.

²Pricing - Interest rates, origination, guarantee and processing fees, if any. Borrower benefits during the in-school and repayment periods.

³Processing - Timely and efficient processing of loans, including convenience in the application process for borrowers. Customer service provided during the initial loan process.