To help students and their families evaluate their lender options, Marist utilizes ELM Select, a website that provides comparative information on lenders and their loan products. Marist College offers Citi Bank, Citizens Bank, Sallie Mae and Wells Fargo for our private loan options. Marist chooses to participate in a preferred lender arrangement with each lender so we may better assist our students and families in a more personal fashion. Marist chooses these lenders based on their commitment to the industry, payment and origination or other fees on behalf of the borrower, highly competitive interest rates and terms and conditions, high quality servicing customer service and additional competitive borrower benefits for the student. The choice of a lender is not in any way limited to Marist's suggested list. If students and their parents choose another lender, they will not be penalized in any way for selecting the lender of their choice.
Private loans are available to assist students in paying for Marist College. The maximum amount you may borrow on an private loan each academic year per student is the cost of attendance minus other financial aid received. For most private loans the lender requires the student to be at least 18 years of age. A credit check is required and income verification may also be required for certain lenders.
Federal Regulation as of February 2010*
Federal regulations now require the completion of the Private Education Loan Applicant Self-Certification form for all private education loans. The lender MUST receive the signed form from all students borrowing from the alternative loan program before they will approve/disburse the loan. Please complete this form accordingly and mail it to your lender of choice.
Marist College does not endorse or recommend the below mentioned lenders.
Student Private Loans:
Loan Disclosures can be viewed in the Borrower Benefits section of the ELM Select lender list page, by clicking the link below.
|Citizens Bank||Citizens Bank Loan Disclosure|
|Citizens Bank is not an affiliate of the other lenders on the list|
|Discover||Discover Student Loan Disclosure|
|Discover Student Loans is not an affiliate of the other lenders on the list|
|Sallie Mae||Sallie Mae Loan Disclosures|
|Sallie Mae is not an affiliate of the other lenders on the list|
||Wells Fargo Loan Disclosure|
|Wells Fargo is not an affiliate of the other lenders on the list|