Salve Regina University

Office of Financial Aid

Location: 100 Ochre Court
Toll-Free: (888) GO-SALVE
Office: (401) 341-2901
Fax: (401) 341-2928
Email: financial_aid@salve.edu

Alternative Loan Lender List

Alternative Loans are private loans under the student's name in conjunction with a creditworthy co-signer. The following lenders have been used frequently by our students and have provided excellent service and benefits to our families.

Loans are disbursed electronically to our school, allowing funds to be posted directly to the student's account. Please click on the lender's name to start the application process.

Your state higher education agencies and other private lenders may also offer alternative student loans with attractive benefits and interest rates. If you wish to use a lender not on the lender list below, please e-mail the name of that lender name and code to us at financial_aid@salve.edu. If you have any questions, please contact the Office of Financial Aid.

Most Alternative Loans have variable interest rates and are usually more costly than federal student and parent loans. We highly recommend that you use Alternative Loans sparingly and only after exhausting federal loan sources.

Note: Fees are usually added to the total loan amount upon repayment. Review the Lender’s individual Terms, Rates and Fees. Lenders reserve the right to change or discontinue their Interest Rates and Fees.

Lender
Fees
Interest Rates
Loan Features
0%
Variable based on LIBOR plus 3.65-12.25%
Loan Minimum of $500
0-6%
Variable based on Prime plus 1-7.5%
Loan Minimum of $1000
0-5%
Variable based on LIBOR plus 3-12%
Repayment Option of Immediate, Interest Only, & Deferred
4%
Fixed 7.76% Interest. Immediate repayment.
Repayment begins 45 days after last disbursement
0%
Variable based on Prime plus 1-7.99%
Loan Minimum of $1000
0-3%
Variable based on LIBOR plus 4.5-10.5%
Only Immediate Repayment offered

To view current LIBOR Rates, please click here.

To view current Prime Rates, please click here.