Oklahoma Christian University

Stafford
PLUS
Private Loans (School Certified)
Considerations

Stafford Loans

If you are a first-time Oklahoma Christian borrower, you must complete a loan entrance interview (LEI) and a master promissory note (MPN) before loans will be disbursed to your student account.
Stafford Loan Entrance Interview - For first-time OC borrowers only

Lender	Lender ID	Benefits
	833669	Apply Now
	803000	0.25% interest rate reduction for for borrowers who enroll in auto-debit ACH repayment program. Apply Now
	829076	Borrower Benefit You may qualify for a 0.25 percentage point interest rate reduction when you make payments on your Sallie Mae Stafford loan by automatic debit.¹ Why More Students And Families Choose Sallie Mae Unwavering commitment and stability for more than 35 years—we have helped over 21 million students realize their dream of a higher education Easy online application and 24/7 online account management Combined billing is available for Sallie Mae-serviced student loans Join Upromise® at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan Link^®2 Tuition payment plans to help make college costs more affordable Sallie Mae’s Education Investment Planner^SM—an interactive tool that can help you plan for education expenses based on your family’s own unique financial situation ^1,2 Visit www.SallieMae.com/StaffordTerms to learn how to earn the borrower benefit and other important information. Apply now
	802218	Borrower Benefit You may qualify for a 0.25 percentage point interest rate reduction when you make payments on your Sallie Mae Stafford loan by automatic debit.¹ Why More Students And Families Choose Sallie Mae Unwavering commitment and stability for more than 35 years—we have helped over 21 million students realize their dream of a higher education Easy online application and 24/7 online account management Combined billing is available for Sallie Mae-serviced student loans Join Upromise® at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan Link^®2 Tuition payment plans to help make college costs more affordable Sallie Mae’s Education Investment Planner^SM—an interactive tool that can help you plan for education expenses based on your family’s own unique financial situation ^1,2 Visit www.SallieMae.com/StaffordTerms to learn how to earn the borrower benefit and other important information. Apply now
	809081	0.25% interest rate reduction for electronic, automatic debit of funds for monthly payments A Feature of Sallie Mae Servicing, available to all SNB borrowers is the Upromise Loan Link. To get more information and Free Registration visit: www.banksnb.com/studentloans and then click on the Upromise link. Apply now
	820238	0.5% default fee 0% origination fee .25% interest rate reduction for auto-debit payments Apply Now

PLUS Loans

Lender	Lender ID	Benefits
	833669	Apply Now
	803000	0.25% interest rate reduction for for borrowers who enroll in auto-debit ACH repayment program. Apply Now
	829076	Borrower Benefit You may qualify for a 0.25 percentage point interest rate reduction when you make payments on your Sallie Mae Parent PLUS loan by automatic debit.¹ Why More Students And Families Choose Sallie Mae Unwavering commitment and stability for more than 35 years—we have helped over 21 million students realize their dream of a higher education A streamlined Parent PLUS application experience for parents, including an online endorser process to help applicants who are not approved on the basis of their own credit Easy online application and 24/7 online account management Combined billing is available for Sallie Mae-serviced student loans Join Upromise® at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan Link^®2 Tuition payment plans to help make college costs more affordable Sallie Mae's Education Investment Planner^SM—an interactive tool that can help you plan for education expenses based on your family's own unique financial situation ^1,2Visit www.SallieMae.com/ParentPLUSTerms to learn how to earn the borrower benefit and other important information. Apply now
	802218	Borrower Benefit You may qualify for a 0.25 percentage point interest rate reduction when you make payments on your Sallie Mae Parent PLUS loan by automatic debit.¹ Why More Students And Families Choose Sallie Mae Unwavering commitment and stability for more than 35 years—we have helped over 21 million students realize their dream of a higher education A streamlined Parent PLUS application experience for parents, including an online endorser process to help applicants who are not approved on the basis of their own credit Easy online application and 24/7 online account management Combined billing is available for Sallie Mae-serviced student loans Join Upromise® at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae-serviced loans with Upromise Loan Link^®2 Tuition payment plans to help make college costs more affordable Sallie Mae's Education Investment Planner^SM—an interactive tool that can help you plan for education expenses based on your family's own unique financial situation ^1,2Visit www.SallieMae.com/ParentPLUSTerms to learn how to earn the borrower benefit and other important information. Apply now
	809081	0.25% interest rate reduction for electronic, automatic debit of funds for monthly payments A Feature of Sallie Mae Servicing, available to all SNB borrowers is the Upromise Loan Link. To get more information and Free Registration visit: www.banksnb.com/studentloans and then click on the Upromise link. Apply now
	820238	0.5% default fee 3.0% origination fee .25% interest rate reduction for auto-debit payments Apply Now

Private Loans (School Certified)

Lender	Benefits
	Chase Select Private Loan Student with qualified cosigner lowest possible interest rate: LIBOR + 4.40% Student with qualified cosigner highest possible interest rate: LIBOR + 9.75% Student only: LIBOR +9.00% No payments required while in school No origination or repayment fees 0.25% Interest rate reduction for having monthly payments automatically deducted from a bank account Cosigner release after making 36 consecutive on-time payments of principal and interest Loans from $500 up to your cost of attendance (minus other aid) each year Apply Now
	Discover Certified Private Loan No cosigner required, but adding a cosigner may improve your chances for loan approval and may lower your interest rate Interest rates: Prime plus 1.00% to Prime plus 7.75% 2% Graduation Reward (2% cash reward on the outstanding principal balance at graduation, see DiscoverStudentLoans.com for details) 0.25% Auto Debit Reward (0.25% interest rate reduction during repayment phase, when payments are set up for automatic debit from a bank account, see DiscoverStudentLoans.com for details) No origination, disbursement or repayment fees No payments due until 6 months (9 months for graduate loans) after graduation or enrollment in school less than half-time Apply Now
	Wells Fargo Private Collegiate Loan Borrower or cosigner must have an established positive credit history, acceptable debt-to-income ratio, and minimum income of $12,000 Most students will require a cosigner, however some may qualify without one Cosigner release option during repayment for borrowers that qualify .50% interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation Benefit Program Payments deferred for 6 months after leaving school No origination, disbursement or repayment fees! Interest rates available at: http://wfefs.wellsfargo.com/jump/rates.html#medcap Apply Now
	Wells Fargo MedCAP Alternative Loan - For Nursing Students Borrower or cosigner must have an established positive credit history, acceptable debt-to-income ratio, and minimum income of $12,000 Most students will require a cosigner, however some may qualify without one Cosigner release option during repayment for borrowers that qualify .50% interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation Benefit Program Payments deferred for 6 months after leaving school No origination, disbursement or repayment fees! Interest rates available at: http://wfefs.wellsfargo.com/jump/rates.html#medcap Apply Now
	Advantages for Your Students & Families Pricing that rewards creditworthy borrowers Securing a creditworthy cosigner increases the likelihood of being approved and may help the student obtain a lower interest rate Borrowers may apply for cosigner release after successful completion of their education² Borrowers may be able to deduct the interest they pay on qualified student loans from their income taxes³ Sallie Mae’s Upromise Loan Link^® service can help students and families pay down eligible Sallie Mae serviced student loans⁴ No prepayment penalty 24/7 online account management Available for U.S. citizens enrolled in eligible study abroad programs or studying at medical schools outside the U.S. International students are eligible with a creditworthy cosigner (must be a U.S. citizen or permanent resident) and U.S. Citizenship & Immigration Service (USCIS) documents Sallie Mae Smart Option Student Loan Rates⁵ LIBOR (London Interbank Offered Rate) With a creditworthy cosigner: 1-Month LIBOR + 4% to 1-Month LIBOR + 12% Without a creditworthy cosigner: 1-Month LIBOR + 4% to 1-Month LIBOR + 12.5% Zero or 3% disbursement fee; No repayment fee A 0.25 percentage point interest rate reduction is available for automatic debit⁶ Apply now

2,3,4,5,6 Visit www.SallieMae.com/SmartTerms for important information about these benefits.

Considerations

Oklahoma Christian University regularly uses a select group of lenders for expedient disbursements of student and parent loans. Lender lists are very common among higher education institutions. Such lists provide a convenient way for institutions to help students navigate their way through a large number of student loan options.

Reasons for selecting a particular lender vary from person to person. Some choose a lender based on name recognition. Others prefer the immediate benefit of lower origination fees. For some, the deciding factor is the long-term advantage of repayment savings programs, like an interest rate reduction as a reward for making payments on time.

To assist families in this decision, the Office of Student Financial Services at Oklahoma Christian University has compiled a list of institutions whom we consider excellent in the education lending field. We have found each of these lenders to provide prompt reconciliation of loan issues. They also provide fast electronic payment of loan funds directly to your OC account and offer a variety of savings programs during loan repayment.

Please note that you are not required to use one of these lenders. The Office of Student Financial Services will process your loan with any lender you choose.