Welcome to the Alternative Loan page for North Carolina Wesleyan College.

Alternative Loans are offered by private lending institutions and are not guaranteed by the federal government. These funds are available to credit and non-credit students who may not be eligible for federal financial aid or who may need to bridge the gap between the actual cost of education and their federal financial aid. The lender will interpret credit history and other determining factors to see if the student is eligible.

This list describes alternative educational loans offered by private lending institutions. Click on the lender name to proceed to the next step.

Chase
  • No origination or repayment fees.
  • Rates as low as Prime + 2.00% (for loans approved on or after November 15, 2008).
  • Students approved with a qualified cosigner may receive a 0.50% interest rate reduction.
  • A 0.25% interest rate reduction for borrowers who have their monthly payments automatically deducted from a bank account.
  • Cosigner release option available after 36 on-time consecutive payments.
  • Satisfactory academic progress is not required.
  • Students can be enrolled full time, half time and less than half time.
  • Can be used for previous school balances less than 12 months old.
  • Rates and other product terms and features are subject to change.
  • Online pre-approval and application, including e-signature.
  • Loans originated and serviced by Chase.
  • All Chase-serviced loans, including private loans, are combined into a single bill.
  • 24-hour online access to their loan status information.
  • Flexible repayment options, including deferring all payments until after graduation with a six-month grace period.

Chase currently holds and does not sell its Chase Select Private Loans. Terms and conditions apply. Loans are subject to submission of a completed application, credit approval and other required documentation and verification, as applicable. The borrower benefits listed above are offered to Chase Select loan borrowers attending a participating school during the stated Academic Year and are not contingent upon Chase being selected for placement on a school’s preferred lender list. Nothing herein shall be construed as an agreement on the part of Chase to make loans available to or on behalf of particular students and Chase retains complete authority and discretion with regard to whether to provide such loans. Borrower benefits, interest rates and other loan product terms and features are subject to change.
CFI NC EXTRA

Effective for loans disbursed on or after 7/1/2008

  • No origination or default fees.
  • Interest rate reduction of 0.50% when borrower makes payments by automatic draft and elects to receive electronic statements.