Lincoln Memorial University

Welcome to the Alternative loan page for Lincoln Memorial University.

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.

When you have decided on a lender, click on the lender name to proceed to the next step.

Edamerica XtraCredit Edamerica	Automatic deferment of interest and principal payments while in school. No prepayment penalty. Combined billing with Stafford loans. Ability to pay past due balances Life-of-loan servicing Online application Flexible repayment options Loans for students enrolled at least half-time Competitive interest rates
Access Group Private Loan Access Group	No fees Interest Rate: 3 month LIBOR + 2.75% (for those with best credit) 3 month LIBOR + 3.95% (for most borrowers) 3 month LIBOR + 6.45% (for marginal credit or cosigned loans) Easy online application with instant credit decision 0.50% interest rate reduction when the first 48 monthly payments are on time 0.25% interest rate reduction for auto debit Loans available for international, part time and continuing education students Cosigner release option Nine month grace period; Up to 20 years to repay In-house servicing for new borrowers after July 1, 2004 Convenient combined billing with other Access Group loans
Chase Select Chase	0% origination and repayment fees! Rates as low as Prime minus 0.5% with a cosigner, Prime + 0% without a cosigner 0.25% interest rate reduction for automatically debited payments
XtraCredit Private Loan First Tennessee	Interest Rate: LIBOR + 5.5% to LIBOR + 7.25 Fee: 4% to 7% based on credit score Annual Limit: Cost of attendance minus other aid Repayment: Automatic principal and interest deferment while in school Repayment Terms: Up to 25 years depending on amount borrowed Cosigner: Cosigner not required but recommended. Borrower must have minimum score of 680 to be approved with/without cosigner. Borrower: Must be a US Citizen or Permanent Resident Enrollment: At least half time
No Fee Education Loan US Bank	For students enrolled part-time or more in eligible 4-5 year colleges, universities, and graduate schools. Can borrow every year up to the cost of attendance, less financial aid Minimum annual loan amount is $1,000. Interest rates are Prime + 0%, Prime + 1.95% or Prime + 3.95%, depending upon the credit history of the borrower. All rates are variable over the life of the loan. Prime rate is currently 5.25%. Six-month Grace Period (where no payment of principal or interest is required). Loan repayment term is up to 15 years. There are no reserve, origination or guarantee fees. No requirement to pay principal during enrollment. Interest can be paid monthly, or accrued and capitalized when the Repayment Period begins. Interest rate reduction benefits of up to 0.50% if you have your monthly payments automatically deducted from your checking account
Signature Loan Sallie Mae	No Fees High approval rates. Creditworthy cosigners may help you qualify for a lower interest rate. Creditworthy borrowers may request a cosigner release from the loan obligation after making 24 consecutive on-time payments of principal and interest. The account must remain current until the request for release is processed. Borrower credit qualification applies. You can borrow as much as you need to pay for the cost of your education as certified by your school. Easy online account management 24/7. Rates LIBOR +2.5% to LIBOR + 9.5% Convenience of having all your student loans in one place and receiving one monthly bill when your Stafford loans are serviced by Sallie Mae.

The information in this list has been provided by each lender and is subject to change at any time.
Accordingly, neither ECMC nor the school can verify the accuracy of the information or how current it may be.