There are many alternative loan options available to students. Below is a partial list of private, non-federal loans that a student may use to finance their education. Alternative loans should be used only as a last resort after exploring all other forms of self-help and federal loan options.

This is not an all-inclusive list of loan products available to students. There are a variety of banks and private lenders who offer alternative loans for financing educational costs. UNH has a formal process which reviews different loans offered by private lenders and has selected these lenders based on their competitive rates, borrower benefits, and superior customer service. UNH receives no benefits from the lenders included in this list. Students have the right to use any lender product they prefer.

As a student, it is important to research and understand the terms and conditions of each loan in order to determine if the program is a good option for you. UNH Manchester does not endorse any of the loans listed below but rather is providing the following for informational purposes only.

Please be aware of the specific program requirements when applying for all loans.

  • Smart Option Student Loan

    www.salliemae.com/unh, 1-888-272-5543

    Instructions & Disclosure

    Eligibility

    • Undergraduate and Graduate students enrolled in a degree program; or non-degree students
    • Enrolled full time, half time, or less than half time
    • Minimum loan amount of $1000

    Borrower Benefits and Basic Loan Terms

    • Fixed rate: 5.74% to 11.85%
    • Variable: 1 Month LIBOR + 2.25% to 1 Month LIBOR + 9.37%
    • No fees
    • Interest-only payments required while enrolled and during grace period
    • Income requirement - borrower must demonstrate the ability to make interest-only payments while in-school and during the grace period
    • 0.25 percentage point interest rate reduction while enrolled to make scheduled monthly payments by automatic debit.
    • May be used to pay past due balances if student was enrolled within 180 days from date of loan.
    • 2% monthly reward to Upromise account for on time payments
    • Cosigner release after making 12 consecutive, on-time payments
    • Death and disability safeguard
  • Citizens Bank TruFit Student Loan™

    www.citizensbank.com/trufitstudentloan, 1-800-708-6684

    Instructions & Disclosure

    Eligibility

    • Undergraduate and graduate students enrolled in a degree program
    • Enrolled full time or half time
    • Minimum loan amount of $1000

    Borrower Benefits and Basic Loan Terms

    • Fixed interest rate as low as 5.75%
    • Variable interest rates as low as from 1 Month LIBOR +2.5%
    • No fees.
    • 0.25% interest rate reduction with auto debit
    • 0.25% interest rate reduction for all borrowers or cosigners with a prior TruFit loan or -Citizens Bank account.
    • Co-signer release option available after initial 36 consecutive, on-time payments.
    • Three repayment options: immediate, interest-only or deferred
    • No payments required while in school
    • 6 month grace period after graduation or less than half time status with deferred payment option
    • Death and disability safeguard
  • Discover Student Loan
    http://www.discoverstudentloans.com
    1-877-728-3030

    Instructions & Disclosure

    Eligibility:

    • Admitted undergraduate, graduate, and non-degree students maintaining satisfactory academic progress
    • Enrolled at least half-time
    • Minimum loan amount of $1,000

    Borrower Benefits and Basic Loan Terms:

    • Fixed rate: 5.49% to 9.99%
    • Variable: Prime index + .00% to Prime index + 5.00%
    • No fees
    • 6 Months grace period after graduation or less than half time
    • .25% interest rate reduction with auto debit and electronic statements
    • 2% cash reward on outstanding balance upon graduation
    • In-school deferment
    • Extended deferment options for active military service, employment at eligible public service organizations, and health profession residency
    • Death and disability safeguard
Keywords: 
alternative student loans, financial aid

There are many alternative loan options available to students. Below is a partial list of private, non-federal loans that a student may use to finance their education. Alternative loans should be used only as a last resort after exploring all other forms of self-help and federal loan options.

This is not an all-inclusive list of loan products available to students. There are a variety of banks and private lenders who offer alternative loans for financing educational costs. UNH has a formal process which reviews different loans offered by private lenders and has selected these lenders based on their competitive rates, borrower benefits, and superior customer service. UNH receives no benefits from the lenders included in this list. Students have the right to use any lender product they prefer.

As a student, it is important to research and understand the terms and conditions of each loan in order to determine if the program is a good option for you. UNH Manchester does not endorse any of the loans listed below but rather is providing the following for informational purposes only.

Please be aware of the specific program requirements when applying for all loans.

Smart Option Student Loan

www.salliemae.com/unh, 1-888-272-5543

Instructions & Disclosure

Eligibility

  • Undergraduate and Graduate students enrolled in a degree program; or non-degree students
  • Enrolled full time, half time, or less than half time
  • Minimum loan amount of $1000

Borrower Benefits and Basic Loan Terms

  • Fixed rate: 5.74% to 11.85%
  • Variable: 1 Month LIBOR + 2.25% to 1 Month LIBOR + 9.37%
  • No fees
  • Interest-only payments required while enrolled and during grace period
  • Income requirement - borrower must demonstrate the ability to make interest-only payments while in-school and during the grace period
  • 0.25% interest rate reduction with auto-debit
  • May be used to pay past due balances if student was enrolled within 180 days from date of loan.
  • 2% monthly reward to Upromise account for on time payments
  • Cosigner release after making 12 consecutive, on-time payments
  • Death and disability safeguard

Citizens Bank TruFit Student Loan™

www.citizensbank.com/trufitstudentloan, 1-800-708-6684

Instructions & Disclosure

Eligibility

  • Undergraduate and graduate students enrolled in a degree program
  • Enrolled full time or half time
  • Minimum loan amount of $1000

Borrower Benefits and Basic Loan Terms

  • Fixed interest rate ranging from 5.75% to 11.75%
  • Variable interest rates ranging from 1 Month LIBOR +2.5% to 1 Month LIBOR + 9.25%
  • No fees.
  • 0.50% interest rate reduction for automating payments from any eligible Citizens Bank account or a 25% interest rate reduction for automating payments from any eligible non-Citizens Bank account.
  • Co-signer release option available after initial 36 consecutive, on-time payments.
  • Three repayment options: immediate, interest-only or deferred
  • No payments required while in school
  • 6 month grace period after graduation or less than half time status with deferred payment option

Discover Student Loan

http://www.discoverstudentloans.com
1-877-728-3030

Instructions & Disclosure

Eligibility:

  • Admitted undergraduate, graduate, and non-degree students maintaining satisfactory academci progress
  • Full-time, part-time, or less than half-time
  • Minimum loan ammount of $1,000

Borrower Benefits and Basic Loan Terms:

  • Fixed rate: 6.79% to 9.99%
  • Variable: Prime index + .00% to Prime index + 5.00%
  • No fees
  • 6 Months grace period after graduation or less than half time
  • .25% interest rate reduction with auto debit and electronic statements
  • 2% cash reward on outstanding balance upon graduation
  • In-school defferment