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The loan options below represent private student loan products for undergraduate students. You are STRONGLY encouraged to exhaust all grants, scholarships and Federal loan options prior to considering a private student loan. You may qualify for Federal education loans, which usually have terms that are more advantageous to the borrower than terms available under private loan programs. For additional information, contact your school's financial aid office or the Department of Education at federalstudentaid.ed.gov.

If you live or attend college in the states listed below, be sure to review this information about your state's private loan program: Alaska, Connecticut, Maine, Massachusetts, Minnesota, New Jersey, North Carolina, North Dakota, Rhode Island, Texas and Vermont. For additional information on selecting a private student loan, be sure to review the 2009 SLA Private Student Loan Guide. For additional detail about the structure of the credit union private student loans listed below, review this recent SLA Blog post

Stay informed by reading SLA's Paying for College Blog which will provide you with "all the things you need to know about paying for college in these challenging economic times from an independent and unbiased viewpoint."

Once you have applied for a loan, please complete this short survey to tell us about your experience.

Lender	Rating (Out of 5 Stars)	Current Starting Interest Rate Between	Origination / Repayment Fees	Savings Opportunities	Details
Addison Avenue FCU Private Student Loan		6% (Floor Rate)	None	- 0.25% interest rate reduction for auto-debit payments	Click Here
NASA FCU Private Student Loan		6% (Floor Rate)	None	- 0.25% interest rate reduction for auto-debit payments	Click Here
Northwest FCU Private Student Loan		6% (Floor Rate)	None	- 0.25% interest rate reduction for auto-debit payments	Click Here
Discover Certified Private Loan		4.25% to 11.00%	None	- 2% principal reduction upon graduation - 0.25% interest rate reduction for auto-debit payments	Click Here
Wells Fargo Collegiate Loan		4.25% and 11.24%	None	- 0.5% interest rate reduction upon graduation - 0.25% interest rate reduction for auto-debit payments	Click Here
SunTrust Academic Answer Loan	1/2	4.25% and 11.25%	0% to 6%	- 0.25% interest rate reduction for auto-debit payments - $300 principal reduction per loan upon graduation	Click Here
U.S. Bank No Fee Education Loan		5.20% and 12.20%	None	- 0.5% interest rate reduction for auto-debit payments	Click Here
Chase Select Loan		4.40% and 12.25%	None	- 0.25% interest rate reduction for auto-debit payments	Click Here
PNC Solution Loan		4.28% and 11.03%	0% to 6%	- 0.25% interest rate reduction for auto-debit payments	Click Here
Citibank CitiAssist Loan	1/2	5.13% and 11.88%	0% to 6%	- 0.25% interest rate reduction for auto-debit payments	Click Here
Sallie Mae Smart Option Loan		4.25% and 12.75%	0% to 3%	- 0.25% interest rate reduction for auto-debit payments	Click Here

Student Lending Analytics (SLA) is an independent research and advisory firm and is not a lender. SLA receives NO compensation from any lenders for our ratings service nor for any referrals that they may receive through this website. While SLA has made every effort to confirm each of the lender loan terms described above, it assumes no responsibility for typographical or other errors or omissions in the information provided. SLA makes no representations or warranties about your eligibility for a particular loan. SLA recommends that you carefully review each lender's loan application and promissory note for final loan terms, including Savings Opportunities. Savings Opportunities may not be automatically available and you may not be eligible for certain Savings Opportunities.

For details on the factors considered in rating the lenders click here.

Date of last update: January 26, 2010