Welcome to the Alternative Loan page for Bridgewater 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.
When you have decided on a lender, click on the lender name to proceed to the next step.
| Campus Door |
- Interest rate as low as Prime -0.50%
- Fees as low as 0%
- Loan Limits $500 up to the cost of education less financial aid
- Payments not required while enrolled at least half-time
- Defer payments until 12 months after graduation
- Repayment terms up to 25 years
- .50% interest rate deduction with auto debit
- .50% rate reduction after 48 consecutive on time payments
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| Citibank CitiAssist |
- Rates as Low as Prime Minus 0.50%
- Citibank offers your students a private loan solution with competitive rates, money-saving incentives to pay on time and a great variety of features to make repayment easier.
- Fees as Low as 0.00%
- Earned Savings of 0.75%
- 0.50% interest rate reduction for borrowers who make their first 48 consecutive monthly payments on time.
- 0.25% interest rate reduction when a borrower signs up for our auto-debit payment program and agrees to receive only electronic statements
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| Sallie Mae Signature Loan |
- Super Tier, with rates as low as Prime - 1% and no fees
- 0.50% interest rate reduction for auto debit
- Education Funding Pledge
- Price Advantage with Credit Worthy Borrower and Credit Worthy Co-Signer
- UPromise Loan Link
- Co-Signer Release option for 24 months of on-time payments
- High Approval Rates
- 6 months grace period
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| SunTrust Academic Answer |
- No upfront fees
- Competitive interest rates starting as low as the 1-month LIBOR + 2.50%
- Graduation Reward- $300 Principal Reduction per loan with proof of graduation
- 0.25% interest rate reduction for automatic withdrawal
- Cosigner release available
- Defer payments while in school
- 6 month grace period
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| Wachovia Private LoanSM |
Available May 19, 2008
- Zero origination, guarantee, repayment, disbursement, and co-signer fees
- Interest rate as low as the Prime Rate minus– 0.50% to Prime + 4%
- Interest rate reduction of -0.50% available with auto debit payments
- No income documentation required for most borrowers
- No minimum credit hours, no SAP required, and can use for Non-Degree students
- Borrow up to Cost of Attendance – other aid ($15,000 for Bar and Residency)
- Finance current or past-due balances up to 3 years old (no current enrollment required)
- Students may apply alone or with a co-borrower (co-borrower release available after 36 months)
- Online application for faster funds (can apply up to 180 days before first disbursement)
- Flexible repayment with ability to suspend or reduce payments during times of financial difficulty (up to 24 months for hardship forbearance) and up to 25 years to repay
- Make NO Payments with in school deferment up to 10 years
- Interest capitalizes 6 months after graduation or 6 months after student leaves school - 6 or 9 month grace period
- Minimum loan amount $500
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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.
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