Financial Aid

Suggested Alternative Loan Lender List
 
The lenders listed below are provided only as a suggestion, and are listed solely because they were the most frequently selected lenders by our students within the past three years.
 
GVSU does not have a preferred lender agreement with any private loan lenders and will work with any lender a student requests.
 
Alternative loans are offered by private lending institutions and are not guaranteed by the federal government. These funds are available to credit worthy 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. Grand Valley always recommends that a student accept the Federal Direct Loan offered to them if they have filed a FAFSA. In general, the Federal Direct Loan program will have the lowest interest rate for the student borrower
 
For more information on selecting a private lender and a comprehensive list of alternative loan options click here. 
 
Current Prime rate.
Current LIBOR rate.  

When you have decided on a lender, click on the lender name to proceed to the next step.
Lake Trust Credit Union
800-758-9830
  • Interest Rate: LIBOR + 3.75% - 4.00%
  • Fees: None
  • Minimum Credits Enrolled: Half-time
  • Minimum Loan Amount: $1000
  • Must be a degree seeking student
Wells Fargo
800-658-3567
  • Interest Rate: Index + .25% - 6.74%
  • Fees: None
  • Minimum Credits Enrolled: 1 credit hour
  • Minimum Loan Amount: $1000
5/3 Bank
800-222-7192
  • Interest Rate: LIBOR + 2% - 9.875%
  • Fees: None
  • Minimum Credits Enrolled: 1 credit hour
  • Minimum Loan Amount: $1000
PNC
800-762-1001
  • Interest Rate: LIBOR + 3.30% - 11%
  • Fees: None
  • Minimum Credits Enrolled: Half-time
  • Minimum Loan Amount: $1000
  • Must be a degree seeking student
Sallie Mae
888-272-5543
  • Interest Rate: LIBOR + 2% - 9.875%
  • Fees: None
  • Minimum Credits Enrolled: 1 credit hour
  • Minimum Loan Amount: $1000
Discover
877-728-3030
  • Interest Rate: Prime + 0% - 6.25%
  • Fees: None
  • Minimum Credits Enrolled: Half-time
  • Minimum Loan Amount: $1000
  • Must be meeting Satisfactory Academic Progress (SAP) requirements
  • Must be a degree seeking student