Alternative or private loans can be a suitable option for students seeking others means outside of Federal Student Aid in which to pay for their cost of education. It is the student’s sole responsibity to apply for and follow the appropriate steps in order to secure funding through an alternative loan. Alternative loans are credit based and may require the student to list a co-signer on their loan application, may or may not have a fixed interest rate, and often require that a student be enrolled at least half time (6 credit hours).
If a student has been approved for an alternative loan, they must notify the Financial Aid Office so that we may certify their enrollment at the University of Rio Grande, as this is a vital step that must be completed before a lender will release loan funds to the student or their student account. In addition, all students who are approved for an alternative student loan must complete a SELF-CERTIFICATION FORM to be submitted to their lender.
The following list of lenders have made an agreement to participate as an alternative lender to students attending the University of Rio Grande:
(Students can freely seek out or choose any other lender who would like to participate with URG/RGCC)
Wells Fargo
Wells Fargo Education Financial Services P.O. Box 5185 Sioux Falls, SD 57117-5185.
Phone: Apply: 1-800-378-5526; Applications in process: 1-877-599-6788; Loan Servicing: 1-800-658-3567. Fax: 1-800-456-0561
Key Bank
Phone: 1-800-722-4867
Discover
Discover Student Loans P.O. Box 30947 Salt Lake City, UT 84130-0947. Phone: 1-877-728-3030. Fax: 1-877-239-8214
Sallie Mae
Sallie Mae, Inc. P.O. Box 30531 Tampa, FL 33630-3531. Phone: 1-888-272-5543. Fax: 1-800-848-1949
Chase Bank
Phone: 1-866-306-0868
PNC Bank
PNC Education Loan Center 2600 Liberty Ave Suite 200 Pittsburgh, PA 15222. Phone: 1-866-306-0868
