ARMSTRONG ATLANTIC STATE UNIVERSITY

We recommend these lenders based on the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so. You can find alternative lenders by clicking the “Search For Other Lenders” link below or searching on your own.
 
Alternative Loans are private loans made through lending institutions which allow you to borrow additional funds after you have reached your Federal Stafford Loan limit. These types of student loans are designed to help you meet the total cost of higher education. Research all possibilities for scholarships, grants, work study, and federal loan programs before borrowing from an Alternative Loan program. After approval, the lender will request school certification. The following list is the electronic Alternative loan list for Armstrong Atlantic State University.

Note: AASU will not process loans from prior academic years unless the student owes the institution a balance.
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now

Benefits

  • Students can borrow from $1,000 up to $25,000 for education-related expenses
  • Maximum aggregate loan limit - $100,000

Services

  • Low monthly payments
  • Principal deferment options for eligible borrowers
  • Interest-only payments while in school
  

Benefits

  • Interest Rate: Annual variable rate of Prime + 2.25% or monthly variable rate of Prime + 1.00%
  • Fees: 2.00% with a co-signer, 6.00% without a co-signer
  • Annual Maximum: from $500 up to cost of attendance minus aid

Services

  • Must be enrolled at least half-time
  • Satisfactory Academic Progress not required
  

Benefits

  • Wachovia Undergraduate Loan
  • No fees for application, origination, guarantee, disbursement, cosigner or entering repayment
  • Rates as low as Prime minus 0.5% for qualifying borrowers
  • 0.50% interest rate reduction with auto debit payments
  • Multiple repayment schedules with the ability to temporarily suspend or reduce payments during times of financial difficulty
  • Quick online applications and instant loan decisions
  • Past-due balance feature – cover balances up to 3 years old (except bar and residency loans)
  • Co-borrower release availability after just 36 months, and proactive co-borrower communication throughout every stage of the loan
  • No income or employment documentation required for most borrowers
  • Flexible credit guidelines that deliver a competitive approval rate
 

Benefits

  • Interest Rate: As low as Prime minus 0.50%, based on credit rating and co-signer presence
  • Fees: As low as 0.00% based on credit rating and co-signer presence
  • 60 second credit decision
  • 0.25% interest rate reduction for auto debit
  • 0.25% interest rate reduction when you make your first 48 consecutive monthly payments on time
  • Repayment: Up to 25 years; no prepayment penalty
  • Co-signer release option after 48 consecutive monthly payments
  • Loans can be certified for balances incurred up to 8 months in arrears
  • Grace Period: 12 months after graduation

Services

  • Enrollment: Must be enrolled at least half time
  • Annual Maximum: Cost of attendance less financial aid
  

Benefits

  • $300 principal reduction per loan at graduation
  • 0.25% interest rate reduction for payments made by auto-debit
  • Cosigner release option available after 48 consecutive on-time principal and interest payments (borrower must meet credit guidelines at time of request)
  

Benefits

  • Interest Rate: Prime + 0.00 - 2.00%, based upon credit
  • 0.00% to 6.00% origination fee based upon credit
  • 0.00% repayment fee with co-borrower; 3.00% repayment fee without co-borrower
  • Up to 25 year repayment term based upon balance
  • Co-signer release available after 24 consecutive payments

Services

  • Annual Maximum: Cost of Attendance minus other aid
  • Satisfactory Academic Progress not required
  

Benefits

  • Interest Rate: As low as Prime minus 0.50%, based on credit rating and co-signer presence
  • 0.25% interest rate reduction for auto debit (must enroll and only receive statements electronically)
  • 0.50% interest rate reduction when you make your first 48 consecutive monthly payments on time
  • Repayment: Up to 20 years
  • Loans can be certified for balances incurred within the last 12 months

Services

  • No Fees
  • Enrollment: Full-time, half-time, less than half-time
  • Annual Maximim: Cost of Attendance minus aid
  • Co-signer release option
  • Satisfactory Academic Progress not required
  

Benefits

  • Wachovia Graduate Loan
  • No fees for application, origination, guarantee, disbursement, cosigner or entering repayment
  • Rates as low as Prime minus 0.5% for qualifying borrowers
  • 0.50% interest rate reduction with auto debit payments
  • Multiple repayment schedules with the ability to temporarily suspend or reduce payments during times of financial difficulty 
  • Quick online applications and instant loan decisions
  • Past-due balance feature – cover balances up to 3 years old (except bar and residency loans)
  • Co-borrower release availability after just 36 months, and proactive co-borrower communication throughout every stage of the loan
  • No income or employment documentation required for most borrowers
  • Flexible credit guidelines that deliver a competitive approval rate
 

Benefits

  • Interest rate as low as 5.11%
  • Fees starting at 0%
  • 0.25% interest rate reduction for automatic payments from any checking or savings account
  • Up to five years of in-school deferment available
  • Get a loan decision and price within 60 seconds
  • Cover education expenses incurred up to 12 months in the past
  • No cosigner needed with good credit
  • No satisfactory academic progress requirements
  • Co-signer release option available after any 24 on time payments
  • International students may apply with a qualified co-signer
  
The following is a list of established lenders who we have placed on our Electronic Lender List at Armstrong Atlantic State University because their services are exemplary and are designed to benefit you. The lender is the institution from which the money is actually borrowed, but the interest rates and terms of the loan are set by the U.S. Department of Education. Some lenders offer special incentives that reduce your loan balance or lower your interest rates. You may want to visit their web sites for more information.
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now

Benefits

  • No collateral requirements or income limitations
  • Make no payments while student is in school
  • Quick online application
  • Receive up to the total cost of education, minus other aid
  • 8.5% fixed interest rate
  • Credit counselors available to assist with any credit issues
  • Multiple repayment options
  • 0.25% interest rate reduction with auto-debit payments

Services

  • Auto and home loans, investment accounts and more
  

Benefits

  • Effective for loans guaranteed or first disbursed on/after December 1, 2007:
    • 3.0% Origination Fee
    • Skip your last five payments after making all previous payments on time¹
    • Skip two additional last payments for using auto-debit²
    • Parents can apply for a forbearance to delay repayment while student is enrolled in school at least half-time
    • Graduate students can defer payments while enrolled in school at least half-time
     • Loans will be sold to Nelnet after full disbursement

    ¹ Sign up for e-correspondence and manage account on-line at Nelnet.com within 90 days of first disbursement, keep a valid email address for the life of the loan, do not opt out of e-correspondence, complete Nelnet.com’s financial health counseling within 90 days of entering repayment, no late payments past 3 day grace period, no pre-payment greater than 3x a single scheduled payment.
    ² Sign up for ACH within 90 days of entering repayment and maintain ACH for the life of the loan.

  

Benefits

  • Zero Default Prevention Fee
  • .50% interest rate reduction for using auto-debit
  

Benefits

  • An automatic 0.50% interest rate reduction when you enter repayment
  • Benefit recovery feature: unlimited opportunities to earn your automatic rate reduction back if you ever miss a payment. You may regain the lost interest rate reduction by subsequently making 24 consecutive on-time payments, anytime during the life of the loan
  • Additional 0.25% interest rate reduction when you enroll in our auto-debit payment program
  • Defer payments while your child is in school for up to 48 months
 

Benefits

  • Default fee rebate on Stafford loans and GradPLUS depending on guarantor
  • 0.25% interest rate reduction for automatic debit during active periods of repayment.
  

Benefits

  • Default fee rebate on Stafford loans and GradPLUS depending on guarantor
  • 0.25% interest rate reduction for automatic debit during active periods of repayment
 
The following is a list of established lenders who we have placed on our Electronic Lender List at Armstrong Atlantic State University because their services are exemplary and are designed to benefit you. The lender is the institution from which the money is actually borrowed, but the interest rates and terms of the loan are set by the U.S. Department of Education. Some lenders offer special incentives that reduce your loan balance or lower your interest rates. You may want to visit their websites for more information.
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now

Benefits

  • 0.25% interest rate reduction for automatic debit during active periods of repayment.
  • Default fee rebate on Stafford loans and GradPLUS depending on guarantor
  

Benefits

  • Zero Origination Fee
  • Zero Default Prevention Fee
  • .50% interest rate reduction for using auto-debit
  • 1% interest rate reduction upon graduation
  

Benefits

  • Default fee rebate on Stafford loans and GradPLUS depending on guarantor
  • 0.25% interest rate reduction for automatic debit during active periods of repayment
 

Benefits

  • An automatic 0.50% interest rate reduction when you enter repayment
  • Benefit recovery feature: unlimited opportunities to earn your automatic rate reduction back if you ever miss a payment. You may regain the lost interest rate reduction by subsequently making 24 consecutive on-time payments, anytime during the life of the loan
  • Additional 0.25% interest rate reduction when you enroll in our auto-debit payment program
 

Benefits

  • Zero default fees with TG guarantee.
  • 0.25% interest rate reduction with auto-debit.
  • One point of contact for life of loan servicing.
  • Combined billing available.
  • 20 years of expertise concentrating solely on student loans
  

Benefits

  • Effective for loans guaranteed or first disbursed on/after December 1, 2007:
    • 1.5% Origination Fee
    • Skip your last five payments after making all previous payments on time¹
    • Skip two additional last payments for using auto-debit²
    • Loans will be sold to Nelnet after full disbursement
     
    ¹ Sign up for e-correspondence and manage account on-line at Nelnet.com within 90 days of first disbursement, keep a valid email address for the life of the loan, do not opt out of e-correspondence, complete Nelnet.com’s financial health counseling within 90 days of entering repayment, no late payments past 3 day grace period, no pre-payment greater than 3x a single scheduled payment.
    ² Sign up for ACH within 90 days of entering repayment and maintain ACH for the life of the loan.
  

Benefits

  • 6.0 % fixed interest rate for subsidized undergraduate, 6.8% for all unsubsidized and graduate Stafford loans
  • Multiple repayment options
  • 0.25% interest rate reduction with auto-debit payments
  • Quick online application

Services

  • Free Student Checking
  
The following is a list of established lenders who we have placed on our Electronic Lender List at Armstrong Atlantic State University because their services are exemplary and are designed to benefit you. The lender is the institution from which the money is actually borrowed, but the interest rates and terms of the loan are set by the U.S. Department of Education. Some lenders offer special incentives that reduce your loan balance or lower your interest rates. You may want to visit their web sites for more information.
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now

Benefits

  • Zero Default Prevention Fee
  • .50% interest rate reduction for using auto-debit
  

Benefits

  • 8.5% fixed interest rate
  • 0.25% interest rate reduction with auto-debit payments
  • Make no payments until 6 months after you graduate
  • Multiple repayment options
  • No collateral requirements or income limitations 
  • Quick online application
  • Credit counselors available to assist with any credit issues

Services

  • Free student checking with online bill pay
  

Benefits

  • Default fee rebate on Stafford loans and GradPLUS depending on guarantor
  • 0.25% interest rate reduction for automatic debit during active periods of repayment
  

Benefits

  • Effective for loans guaranteed or first disbursed on/after December 1, 2007:
    • 3.0% Origination Fee
    • Skip your last five payments after making all previous payments on time¹
    • Skip two additional last payments for using auto-debit²
    • Parents can apply for a forbearance to delay repayment while student is enrolled in school at least half-time
    • Graduate students can defer payments while enrolled in school at least half-time
     • Loans will be sold to Nelnet after full disbursement

    ¹ Sign up for e-correspondence and manage account on-line at Nelnet.com within 90 days of first disbursement, keep a valid email address for the life of the loan, do not opt out of e-correspondence, complete Nelnet.com’s financial health counseling within 90 days of entering repayment, no late payments past 3 day grace period, no pre-payment greater than 3x a single scheduled payment.
    ² Sign up for ACH within 90 days of entering repayment and maintain ACH for the life of the loan

  

Benefits

  • An automatic 0.50% interest rate reduction when you enter repayment
  • Benefit recovery feature: unlimited opportunities to earn your automatic rate reduction back if you ever miss a payment. You may regain the lost interest rate reduction by subsequently making 24 consecutive on-time payments, anytime during the life of the loan
  • Additional 0.25% interest rate reduction when you enroll in our auto-debit payment program
  • Defer payments while in school
 

Benefits

  • 0% default fees with TG guarantee.
  • 0.25% interest rate reduction for auto-debit with continuous on-time payments.
  • Interest only or postponement of payment options available.
  • One point of contact for life of loan servicing.
  • 20 years of expertise concentrating solely on student loans.
  • Fast and easy online application with instant credit decision at www.edamerica.net
 

Benefits

  • Default fee rebate on Stafford loans and GradPLUS depending on guarantor
  • 0.25% interest rate reduction for automatic debit during active periods of repayment
  
SUMMER FINANCIAL AID FORM: Please complete the information below if you are interested in receiving financial aid for the summer term. Your eligibility will be evaluated and a summer award letter mailed to you
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now
 
Additional Resources
 

ELMSelect is hosted and maintained by ELM Resources to provide student and parent borrowers with information supporting their ability to choose the educational lender of their choice.

Information on this site regarding educational loans has been provided exclusively through institutions of higher education (“schools”) that have elected to post their preferred lender lists on this site. ELM Resources is not involved in any way with the endorsement of lenders or specific loan products of educational institutions and does not receive compensation as a result of a lender being placed on a preferred lender list or a school using ELMSelect as a means of providing loan information to students.

ELM Resources is not responsible for the accuracy of the information available through ELMSelect. Students and parents are encouraged to contact lenders to confirm the accuracy of the loan terms posted on the site. Students and parents are also reminded of the right of borrowers seeking loans through the Federal Family Education Loan Program to choose their lender and that the choice of a lender is not in any way limited to the lenders on a school’s preferred lender list. Additionally, if a borrower chooses another lender, they will suffer no penalty for selecting their lender of choice.

ELM Resources notes that additional information on student loans is available from the U.S. Department of Education on a variety of sites including www.studentaid.ed.gov and www.mymoney.gov. Useful information on financial literacy may be found at http://www.mymoney.gov/, a website maintained by the U.S. Financial Literacy and Education Commission. For New York schools, additional information can be found at http://www.oag.state.ny.us/family/student_lending/information.html.

ELM Resources welcomes comments on ELMSelect. Comments may be sent to: info@elmresources.com.