Welcome to the Alternative Loan page for Pacific College of Oriental Medicine.

Alternative loans are private loans funded through various lenders. They are not regulated in the same way as the loans offered through the Federal Government. Usually these loans have higher interst rates than federal loans. Therefore, these loans should be considered as a last resort and used only if all other institutional and federal aid has been exhausted. If you do have employment history and do not have established credit, a co-borrower is required. Often the interest rate will be lower with a co-borrower. Interest, repayment, fees, and other terms vary from lender to lender.

Lender	Lender Benefits
Sallie Mae	Borrower benefit info valid as of October 27, 2008 No minimum income requirement and no payments required while in school¹ Applying with a creditworthy cosigner may help applicants qualify 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 ² ¹Deferring 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. ²To 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/ELMPrivate for additional information.
Wells Fargo	Eligibility: First disbursement on or after July, 1, 2008 Interest rate: variable, based on Prime Deferred Payments: no payments are required while a student is in school and for up to six months after graduation or leaving school Benefits: 0.50% interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation Benefit^SM Program 0.25% interest rate reduction at repayment when Wells Fargo automatically withdraws payments from a personal checking or savings account – discount is removed if automatic payments are cancelled No origination, disbursement or repayment fees Combined billing for federal and private loans Call our student loan experts from 8:00 a.m. to 8:00 p.m. CST for personal service on your student loan One place for all your financial needs Cosigner release after the first 24 consecutive monthly payments are received on time – minimum credit guidelines must be met at the time of the request Convenient online and phone application with instant credit decisions Wells Fargo reserves the right to discontinue or modify our rewards for future disbursements at any time without notice. For loans disbursed on or before June 30, 2008, call us at 1-800-658-3567 to get more information on your borrower rewards.
U.S. Bank No Fee Education Loan	For students enrolled part-time or more in eligible 4-5 year colleges, universities, and graduate schools. No Fees – receive the full approved loan amount. Can borrow every year up to the cost of attendance, less financial aid.1 Interest rates are Prime + 0, Prime + 2.95% and Prime + 4.95%, depending upon the credit history of the borrower. All rates are variable over the life of the loan.2 Six-month Grace Period (where no payment of principal or interest is required). No requirement to pay principal during enrollment. Interest can be paid monthly, or accrued and capitalized when the Repayment Period begins. .50% interest rate reduction with AutoPay3 1 Borrowers approved at the Prime + 4.95% tier are limited to an annual borrowing amount of cost of attendance less financial aid received up to $20,000. 2 APR may increase or decrease after consummation. Consummation occurs upon disbursement of loan proceeds. The interest rate is variable and can therefore increase and/or decrease over the life of the loan. 3 The automatic payment is a requirement to be qualified for the interest rate reduction benefit. If the auto payment feature is canceled, the rate reduction benefit is lost.