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Alternative Loans

Alternative Loan Lender List
Texas A&M University conducted a Request for Information for Alternative loans to be used in the creation of a Preferred Lender List. The following lenders were selected based on their terms and conditions or provisions being favorable to the borrower. You are free to choose any lender for the Alternative loan. The following list is in alphabetical order. Borrowing an Alternative (private) loan is based on credit checks and should only be done after reviewing all of your funding options and contacting different lenders for the best terms. An Alternative loan is an agreement between the borrower, cosigner and the lender. Texas A&M University reviews the following information yearly and cannot be held responsible for rates, terms, fees, or service provided by any lender. The interest rates and repayment terms are different for each lender and change frequently. Please research which lender will best suit your needs and provide you with the lowest rates possible.
 
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Name Phone Truth in Lending
Act Disclosure
Up Front
Fees
Interest Rate
Variable/Fixed
APR Maximum
Aggieland Credit Union 877-462-4443 Disclosure 0% Variable 4.26% - 13.59% 15%
Citizens One Student Loan 800-708-6684

Fixed
5 Year Term
10 Year Term
15 Year Term

Variable
5 Year Term

10 Year Term
15 year Term

0% Variable or Fixed 2.68% - 11.75% 21%
Higher Education Servicing Corporation, Texas Extra Credit Education Loan 866-539-6396 Disclosure 0% Variable or Fixed 3.16% - 11.49% 18%
Sallie Mae 888-472-5543

Smart Option Undergraduate Disclosure 
Smart Option Graduate Disclosure 

0% Variable or Fixed 2.25%-12.875% No limit
SunTrust Custom Choice 866-232-3889 Disclosure 0% Variable or Fixed 2.49% - 10.5% 18%
Texas Higher Education Coordinating Board 800-242-3062 Disclosure 0%, 3%, 5% Fixed 4.5% 4.5%
U-fi Student Loans 888-658-3567 Undergraduate

Fixed
5 Year Term
10 Year Term
15 Year Term

Variable
5 Year Term

10 Year Term
15 year Term

Graduate

Fixed
5 Year Term
10 Year Term
15 Year Term

Variable
5 Year Term

10 Year Term
15 year Term

0% Variable or Fixed 3.24% - 12% 16%
Wells Fargo Education Financial Services 800-658-3567 Collegiate Undergraduate Disclosure
Graduate Disclosure
Bar Exam Disclosure


MedCAP-XTRA Disclosure
Allopathic/Osteopathic Medicine 
Dentistry, Pharmacy, Optometry, Physician Assistant, Podiatric & Veterinary Medicine, OT, PT

MedCAP for Health Professionals Disclosures

Allopathic/Osteopathic Medicine 
Dentistry, Optometry, Podiatric/Veterinary Medicine 
Nursing, Pharmacy, Cardiac Perfusion, Medical Technology, Physician Assistant, OT, PT

 
0% Variable or Fixed 3.5% - 11.74% 18%
 

Please use these general loan term dates when filling out an application to provide an indication for which terms you require the loan. However, your loan will be processed using specific enrollment dates for your program. Loans can be disbursed up to 10 days prior to the start of classes, provided the lender has released the funds to Texas A&M University.

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Disbursement Dates
Summer 1 2015 (6/2/2015 - 7/6/2015)
Summer 2 2015 (7/7/2015 - 8/13/2015)
Fall 2015 (8/31/2015 - 12/16/2015)
Spring 2016 (1/19/2016 - 5/10/2016)
Summer 1 2016 (5/31/2016 - 7/5/2016)
Summer 2 2016 (7/6/2016 - 8/10/2016)