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
	900803	0.25% interest rate reduction for electronic, automatic debit of funds for monthly payments Upromise Rewards - Upromise allows students to you rewards to pay down balance on student loans Apply now
	900905	0.25% interest rate reduction for electronic, automatic debit of funds for monthly payments Upromise Rewards - Upromise allows students to you rewards to pay down balance on student loans 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% 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
	900803	0.25% interest rate reduction for electronic, automatic debit of funds for monthly payments Upromise Rewards - Upromise allows students to you rewards to pay down balance on student loans Apply now
	900905	0.25% interest rate reduction for electronic, automatic debit of funds for monthly payments Upromise Rewards - Upromise allows students to you rewards to pay down balance on student loans 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% default fee 0% origination fee .25% interest rate reduction for auto-debit payments Apply Now

Private Loans (School Certified)

Lender	Benefits
	Chase Select Private Loan Interest rate structure: Student with Cosigner Tier 1: Prime - 1.00% Tier 2: Prime - 0.50% Tier 3: Prime + 1.00% Tier 4: Prime + 2.50% Tier 5: Prime + 4.00% Tier 6: Prime + 5.50% Student without Cosigner Tier 1: Prime - 0.50% Tier 2: Prime + 0.00% Tier 3: Prime + 1.50% Tier 4: Prime + 3.00% Tier 5: Prime + 4.50% Tier 6: Prime + 6.00% No Fees Interest is capitalized once at repayment and at end of any forbearance period Borrower benefits include: 0.25% interest rate reduction for choosing to make immediate payments of interest-only or principal and interest. Co-signer release to qualified borrowers after 36 consecutive monthly on-time payments 12-month forbearance available to those who qualify No prepayment penalties Apply Now
	Wells Fargo Private Collegiate Loan Interest rate structure: Tier 1: Prime +0% Tier 2: Prime +1.49% Tier 3: Prime + 2.99% Tier 4: Prime + 3.99% Tier 5: Prime + 4.99% Tier 6: Prime + 5.99% No Fees Satisfactory Academic Progress is not required 93.6% Approval Rate if student has cosigner Interest capitalized once at repayment and at the end of any forbearance period Borrower benefits include: 0.50% interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation BenefitSM Program 0.25% interest rate reduction at repayment when Wells Fargo automatically withdraws payments from a personal checking or savings account Life of loan servicing. Borrowers have a single point of contact with Wells Fargo for their loans, from origination thru final payment Co-borrower release available to qualified borrowers after 24 on-time consecutive payments of principal and interest Apply Now
	Wells Fargo MedCAP Alternative Loan - For Nursing Students Interest rate structure for non-cosigned loans Tier 1: Prime + 0% Tier 2: Prime + 1.25% Tier 3: Prime + 2.50% Interest rate structure for cosigned loans Only one Tier: Prime + 1.5% No Fees Most students approved without cosigner Interest capitalized once at repayment and at the end of any forbearance period Borrower benefits include: 0.50% interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation BenefitSM Program 0.25% interest rate reduction at repayment when Wells Fargo automatically withdraws payments from a personal checking or savings account Life of loan servicing. Borrowers have a single point of contact with Wells Fargo for their loans, from origination thru final payment Co-borrower release available to qualified borrowers after 24 on-time consecutive payments of principal and interest Free College Checking, Online Banking, and Bill Pay Apply Now
	Zero fees Interest Rate: Libor + 2.5% to + 9.5% A .50 percentage point interest rate reduction with auto-debit No income requirement Cosigner release available after the first 24 on-time payments of principal and interest Six month grace period 24/7 on-line account management with Manage Your Loans Sallie Mae's Upromise Loan Link service can help students and families pay down student loans Combined billing for borrowers with multiple Sallie Mae loans Apply now
	Zero fees Interest Rate: Libor + 2.5% to + 9.5% A .50 percentage point interest rate reduction with auto-debit No income requirement Cosigner release available after the first 24 on-time payments of principal and interest Six month grace period 24/7 on-line account management with Manage Your Loans Sallie Mae's Upromise Loan Link service can help students and families pay down student loans Combined billing for borrowers with multiple Sallie Mae loans Apply now

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.