Eligibility for federal loan programs is determined by evaluation of the student’s income and assets as declared on the Free Application for Federal Student Aid. Need-based awards are subject to the federally defined data verification process, which requires some students to submit a tax return and other supporting documentation. The amount of student debt load varies considerably, depending upon the type of loan(s) a student obtains, the student's intended course of study, and the student's need to borrow.

Federal Direct Loan Program

Federal Direct Loans are low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education (the Department) rather than a bank or other financial institution. For more information on Federal Direct Loans, click here.

Federal Perkins Loan
(formerly the National Direct Student Loan)

Eligibility for this need based program is subject to federal regulations. Funds are extremely limited. These awards are made to high need students who complete the financial aid application process. Repayment begins nine months after half time enrollment ceases. The interest rate is 5 percent.

Other Loan Programs

Borrowers can apply for non-federal educational loans from the lender of their choice if additional loans are needed. The College provides a list of lenders who submitted a response to our request for information sent out on financial aid list serves that met basic criteria of competitive interest rates, payment, or reduction of fees, high quality loan servicing, sufficient minimum and maximum annual loan limits to cover average needs, and reasonable customer service call center hours and wait times as reported by lenders.

  • Federal loans are almost always better for the borrower than non-federal loans. Please explore the use of all federal aid and institutional, state, and private grant and scholarship aid before applying for a nonfederal loan.
  • A student or parent borrower may choose any lender even if not included on this list. We urge you to carefully compare benefits and responsibilities before choosing any lender. Many states have state agencies that provide educational loans at very competitive rates and benefits and it is recommended that you research what is offered in your state.
  • The lender list was developed based on information provided by lenders on terms and conditions favorable to the borrower. This includes competitive interest rates, payment or reduction of fees, high quality loan servicing, sufficient minimum and maximum annual loan limits to cover average needs, and reasonable customer service call center hours and wait times as reported by lenders.
  • Lenders offering loans to cover past due balances are noted.
  • Lenders offering loans to International students are noted. All loans for International students require a co-signer who is a U.S. citizen (or U.S. permanent resident for some loans).
  • A lender for whom borrowers have reported issues that are not resolved to the satisfaction of the college will be removed from the list.

The list of lenders is offered in alphabetical order.  A borrower can choose any lender and is not limited in any way to lenders on this list.

Lenders

Ascent Tuition (Goal Structured Solutions, Campus Door)

Citizen Bank (Firstmark Services)

  • Offers loans for international students
  • Offers loans for past due balances

College Ave

  • Offers loans for past due balances

Discover

  • Offers loans for international students

MEFA (ACS Education Services)

  • Offers loans for past due balances

New Hampshire Higher Education Loan Corporation (EDvestinU, Granite State Management)

  • Offers loans for international students
  • Offers loans for past due balances

PNC

  • Offers loans for past due balances

Rhode Island Student Loan Authority

  • Offers loans for international students

Sallie Mae

  • Offers loans for past due balances

SunTrust (First Marblehead)

  • Offers loans for past due balances

Wells Fargo

  • Offers loans for international students
  • Offers loans for past due balances

Lenders provide required disclosures and the Private Educational Loan Applicant Self-Certification is available here.