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About Our Lending Partners
These are our Lending Partners as selected through a competitive process following a Request For Proposal (RFP) through the FIU Purchasing and Procurement Office.
We encourage you to research these Lenders when deciding who you will borrow from. The Lenders were selected on the basis of best service in processing, lowest cost and customer service.
If you wish to use a Lender not on our Lending Partner list, please apply directly with your chosen Lender. In order to expedite the processing of your loan through a Lender not on the list, please request your Lender to submit by mail or by fax a Loan Certification form to the Financial Aid Office.
What is a Private Loan?
You may wish to consider private loans if you are not eligible for federal student loans and you need additional funds to meet college expenses. Typically, the amount a student may borrow per academic year is determined by the cost of attendance at your school minus other financial aid, or your lender may determine an annual maximum amount.
Because private loans are not guaranteed by the federal government, they must be insured privately. The extra cost of private insurance is passed on to you in the form of higher fees and interest rates. In addition, the lender will review your credit history.
Lenders frequently require a cosigner on private loans, and sometimes the presence of a cosigner may reduce the interest rate of the loan. Contact different lenders to compare private loans and find the one that’s best for you.
Private loans are not for everyone. They are expensive and should be borrowed only when all other resources such as scholarships, grants, work-study, and low-cost federal loans have been exhausted.
Some lenders offer bar examination loans to provide students with financing options for expenses such as registration costs, preparatory materials, and living expenses. Bar examination loans are credit-based, private loans for which the lender determines terms and conditions. Lenders may offer repayment benefits for their bar examination loans.
What are the eligibility requirements for private loans?
Requirements vary from one lender to the next. Please review the lender list to determine eligibility criteria for specific loan programs.However, lenders commonly require the borrower to be:
- An undergraduate or graduate student in a degree or certificate program
- Enrolled at least half time
- Creditworthy or have a cosigner who meets the lender’s credit requirements
- A U.S. citizen, permanent resident, or eligible non-citizen
How do I apply?
Choosing a lender is an important decision – one that will affect you for the life of your loan and influence your credit reputation. We recommend you borrow from one of the lenders listed. These lenders have a history of providing quality service to their student loan borrowers.
The Financial Aid Office cannot recommend a lender for you. The chart provided is meant only as a guide on how the loans offered may be used. If you have any questions about your private loan, please contact the lender. Your financial aid counselor can assist you in determining the correct amount to borrow.
You may apply online or you can request an application by calling the lender.
Be a smart consumer!
Always remember that these are loans of last resort. It is important to keep all borrowing within reasonable bounds – never borrow more than you believe you will be able to repay. |
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Click on the lender logo or web address to research additional information and apply online.
Bar Loan Information
| Lender |
Loan Program |
School Certification Required? |
International
Students Eligible? |
Less Than Half- Time Eligible? |
Combined Billing on Federal and Private Loans |
Use for Past Due Balance? |
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SunTrust eMax®
1-800-597-5286
www.suntrust education.com |
Optional |
Yes |
Yes |
No |
Yes |
Nelnet Academic Private Loan
1-866-866-7372
www.nelnet.net |
Yes |
Yes |
No |
Yes |
Yes |
|
Bank of America Private Loan |
Yes |
No |
No |
No |
Yes |
|
Law Access Loan
|
Yes |
Yes |
Yes |
Yes |
No |
Wells Fargo
1-800-658-3567
www.wellsfargo.com/student |
Wells Fargo GraduateSM Loan |
Yes |
Yes |
Yes |
Yes |
No |
| Wells Fargo Education ConnectionSM Loan |
No |
No |
Yes |
Yes |
Yes |
|
CitiAssist® Bar Study Loan |
Yes |
Yes |
Yes |
Yes |
Yes |
Wachovia Education Finance
1-800-338-2243
www.wachovia.com |
Wachovia Education LoanSM |
Yes |
Yes |
No |
Yes |
Yes |
| Continuing Education Loan |
Yes |
Yes |
No |
Yes |
No |
|
FOCUS Consumer Education Loan |
Yes |
No |
No |
No |
Yes |
Bar Loan Information
| Lender |
Bar Loan Program |
School Certification Required? |
Apply After Graduation |
International
Students Eligible? |
Combined Billing on Federal and Private Loans |
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CitiAssist® Law Loan |
Yes |
Yes |
Yes |
Yes |
Wells Fargo
1-800-568-3567
www.wellsfargo.com/student |
Wells Fargo Bar ExamSM Loan |
No
(Current student loan or banking relationship required) |
Yes |
No |
Yes |
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Access Group Bar Examination Loan
|
Yes |
Yes |
No |
Yes |
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Bank of America Bar Loan |
No |
Yes |
No |
No |
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