Private Loans | Linfield College - Good Samaritan School of Nursing

Financial Aid

PRIVATE LOANS FOR NURSING

As a transfer student, you may find limitations on taking additional Direct loans, and those of you with a prior degree have no eligibility for a Federal or State grant. Many of you will, perhaps, need to pursue a private loan to finance your education. These loans are credit based and you need to become an educated consumer to determine what will work best for you. Please contact the Financial Aid Office if you feel you need some guidance in applying for this type of a loan.

The following are lenders for your consideration. You have the right to choose any lender that participates in the federal student loan program and we will accommodate you if you choose a lender not displayed here. However, we feel that this is a helpful tool for students because the Financial Aid Office has investigated and determined that these lenders provide excellent service to our students during all stages of the student loan process. The Financial Aid Office has selected a diverse set lenders that offer the highest level of service and benefits for our students. We base our decision to include lenders on a number of considerations which include: ease of processing, borrower benefits, customer service, and whether or not the lender sells its loans. Borrowers should carefully compare benefits offered by each lender before making a selection. Choose your lender based on the benefits that are the best fit for you, even if you do not have an existing relationship with that lender. You can also use the Oregon Private Loan Marketplace to instantly and accurately compare rates and terms from multiple private loan lenders side-by-side. This will help you and your family make an informed decision about the most appropriate loan for you.

When you have decided on a lender, click on the lender name to proceed to the next step. Lenders will require students to complete a Self Certification form where students will be asked to list their cost of attendance and the amount of financial aid received to date for the current academic year. Please refer to our Cost of Attendance page for the 2013 - 2014 academic year. Note that costs vary depending on household status and academic enrollment. After you are approved for a loan, you will need to let the Financial Aid office know how you want your loan disbursed for each semester you are enrolled in the current academic year so your loan can be certified by our office.

• Market-leading interest rates1
• No origination fees2
• Save hundreds—even thousands—of dollars over traditional 15-year payment-deferred private
student loans
• Flexible repayment options—choose affordable fixed payments of $25 a month or make full
interest payments to save even more3
• Smart RewardSM—earn 2% of your scheduled monthly payment as a reward in your Upromise
account when you make payments on time4
• Earn a 0.25 percentage point interest rate reduction while enrolled to make monthly payments by
automatic debit5
• Applying with a creditworthy cosigner may help you qualify for and/or receive a lower interest rate
• You can apply to release your cosigner just 12 months after the separation period6
• Borrow what you need—up to 100% of your education costs7

1,2,3,4,5,6,7 Visit SallieMae.com/SOSLTerms for additional information. Terms, conditions and limitations apply.

MedCap Alternative Loan for Health Professionals

Pay later— No payments during school and up to 60 months after graduation for allopathic and osteopathic students^1,2
Choose your rate type— Choose from a competitive fixed or variable interest rate
- Variable interest rate as low as 4.60% APR*
- Fixed interest rate as low as 7.39% APR⁵
Lower your monthly payments - Reduce interest rate up to 1.00% for limited time with new or existing Wells Fargo Checking Package® account, and an additional 0.50% with auto payment and graduation discounts^3,4
Avoid costly fees— Pay no origination fees
Learn immediately if you qualify – Receive credit approval within minutes
Gain peace of mind- Loan forgiveness in event of student death or total permanent disability⁶
Apply on your own– Cosigners not required for students who meet minimum requirements

1, 2, 3, 4, 5, 6,* see www.wellsfargo.com/studentloandisclosures

Wells Fargo Collegiate® Loan

Pay later— Make no payments until 6 months after leaving school^1,2
Choose your rate type— Choose from a competitive fixed or variable interest rate
- Variable interest rate as low as 3.40% APR*
- Fixed interest rate as low as 6.62% APR⁵
Lower your monthly payments - Reduce interest rate up to 1.00% for limited time with new or existing Wells Fargo Checking Package® account, and an additional 0.50% with auto payment and graduation discounts^3,4
Avoid costly fees— Pay no origination fees
Learn immediately if you qualify – Receive credit approval within minutes
Gain peace of mind- Loan forgiveness in event of student death or total permanent disability⁶
Ensure a fast process– Applying with cosigner may help ensure lowest interest rate and fastest process

1, 2, 3, 4, 5, 6,* see www.wellsfargo.com/studentloandisclosures

Zero loan fees
2% Graduation Reward (2% cash reward on the outstanding principal balance at graduation, for private loans only)
0.25% Auto Debit Reward (0.25% interest rate reduction when payments are set up for automatic debit from a bank account)
Interest rate: Prime plus 0.50% to Prime plus 7.75% (based on credit evaluation and set at time of loan origination)
No payments due until 6 months (9 months for graduate) after graduation or enrollment in school less than half-time
Annual loan limit: Cost of attendance minus other aid
Online application, 24/7 online account management