Welcome to the Alternative loan page for Bon Secours Memorial School of Nursing.

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.

• 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 of payment
• Cosigner release available
• Defer payments while in school
• 6 month grace period
• Satisfactory Academic Progress is not required

Borrower benefit info valid as of October 22, 2008

• Zero disbursement and repayment fees – save money up front and over the long term
• 0.50 percentage point interest rate reduction for automatic debit¹
• No minimum income requirement and no payments required while in school and during 6–month grace period²
• Applying with a creditworthy cosigner may help applicants qualify
• Cosigner release option available after the first 24 consecutive on–time payments of principal and interest³
• Unwavering commitment and stability for more than 35 years–we have helped over 21 million students realize their dream of a higher education
• Easily manage payments for multiple Sallie Mae–serviced student loans on one bill with combined billing
• Sallie Mae offers products and services that support positive repayment habits
• Join Upromise^® at www.upromise.com and use the rewards you earn on your everyday purchases to help automatically pay down your eligible Sallie Mae–serviced loans with Upromise Loan Link^SM 4

¹The Signature Student Loan automatic–debit benefit applies to loans made in connection with attendance at a four–year, Title–IV eligible, not for profit college or university. The automatic–debit benefit is available during active repayment for as long as the borrower's monthly payment is deducted from the borrower's bank account.
²Deferring payment while in school will increase the overall loan costs. Unpaid interest that accrues while you are in school will be capitalized (added to your loan amount) at repayment.
³Creditworthy borrowers may request a cosigner release after making the first 24 scheduled, on–time payments of principal and interest. Borrower's account must remain current until the request for release is processed. Borrower credit qualification applies. Borrower must be a U.S. citizen or permanent resident at the time the cosigner release request is processed.
⁴To view whether or not a student loan is eligible to participate in the Upromise Loan Link program, please visit www.upromise.com/loanlink. Access to Upromise is not limited to Sallie Mae loan customers.

Visit www.salliemae.com/SignatureTerms for additional information.