Private Educational Loans

A FEW WORDS ABOUT CHOOSING A PRIVATE EDUCATIONAL LOAN LENDER…

After exhausting all opportunities available from the federal and state aid programs, many parents and students will consider private loan programs as a source of funding. As always, taking on debt for any reason should be done deliberately and only for the amounts needed. If you plan to borrow a Private Educational Loan, you will need to select a lender. The lender is the institution from which the money is actually borrowed.

All lenders are not the same. It pays to make an informed decision when selecting a lender. You will be entering in a long-term relationship with the institution. Reasons for selecting a particular lender vary from person to person. Some choose based on name or brand recognition or reputation. Others prefer the immediate benefit of below-market processing fees. Still others are interested in borrower benefits in repayment, like an interest rate reduction as a reward for making consecutive on-time payments. We encourage families to use the lender and the loan product that best meets their needs.

To assist students and parents in this decision, the Office of  Financial Aid at Caldwell maintains a list of “Suggested Lenders.” This list, which is intended only as a guide, is provided to help students and parents choose a reputable lender with a reliable educational loan product. These lenders have been included based on:

  • Quality of service provided to Caldwell students
  • Competitive interest rates and repayment terms, zero/low fees
  • Electronic application processing and fund delivery
  • Long-term commitment to educational financing
  • Diversity in lending options

As part of the application process, students will be required to complete the Private Education Loan Applicant Self-Certification Form available through their lender’s website. Students may also obtain a Self-Certification Form from the link below. Information needed to complete this form, such as cost of attendance, may also be obtained from the link below while estimated financial assistance may be obtained from the student’s Award Letter or via their Student Portal account.

Private Loan Application Self-Certification Form

Cost of Attendance – Traditional Undergraduate Student

Cost of Attendance – Adult Undergraduate Student

Cost of Attendance – Graduate Student

TruFit Student Loan
Lender: Citizens Bank
Interest Rate Disclosure Information – Variable Loan 
Interest Rate and Disclosure Information – Fixed Rate Loan 
Customer Service: 1-800-708-6684
APPLY NOW

Discover Student Loan
Lender: Discover 
Interest Rate Disclosure Information
Customer Service: 1-877-728-3030
APPLY NOW

NJClass Loan
Lender: NJHESAA
Interest Rate Disclosure Information-Undergraduate
Interest Rate Disclosure Information-Graduate 
Customer Service: 1-800-792-8670
APPLY NOW

PNC Solution Loan
Lender: PNC
Interest Rate Disclosure Information-Undergraduate
Interest Rate Disclosure Information-Graduate
Customer Service: 1-800-762-1001
APPLY NOW

Smart Option Loan
Lender: Sallie Mae
Interest Rate Disclosure Information – Undergraduate 
Interest Rate Disclosure Information – Graduate
Customer Service: 1-888-272-5543
APPLY NOW

Smart Option Loan 
Lender: StuFund
Interest Rate Disclosure Information
Customer Service: 1-877-788-4773 
APPLY NOW

Custom Choice Loan®
Lender: SunTrust Bank
Interest Rate Disclosure Information
Customer Service: 1-866-232-3889 
APPLY NOW

Union Federal Private Student Loan
Lender: Union Federal Savings Bank
Interest Rate Disclosure Information
Customer Service: 1-866-513-8445
APPLY NOW

Wells Fargo Private Loans
Lender: Wells Fargo
Interest Rate Disclosure Information-Undergraduate
Interest Rate Disclosure Information-Graduate
Customer Service: 1-800-378-5526
APPLY NOW

Our suggested Lenders are evaluated continually for their efficiency in processing, accuracy and customer service.

Please note you are not required to use one of these lenders. If you choose a lender outside of Caldwell’s suggested lender list, please feel free to contact the Office of Financial Aid at 973-618-3221 or financialaid@caldwell.edu , and we will be happy to assist you with any lender of your choice.


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