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USING A HISTORICAL LENDER LIST

 

Furman University does not provide a preferred lender list for private education loan products. We do, however, maintain a historical list of all the private lenders who continue to participate in the Private Education Loan Program and who have provided funds to our students within the last three years. Furman does not endorse any lender or their products. Students are urged to exhaust all federal aid eligibility, including Federal Direct Subsidized and Unsubsidized Loans before borrowing private education loans. Federal loans offer a fixed interest rate and a lower total cost to students. Private loans are more expensive, so we urge borrowers to budget carefully and borrow only what is necessary. Borrowers are encouraged to understand the terms and conditions, fees, repayment information and interest rates of the private loan products for which they are applying. In addition, all students are urged to use a cosigner when applying for a private education loan. Students must be enrolled at least half time (8 credit hours) to be eligible for private education loans at Furman University. As a borrower, you may choose any private lender you prefer whether or not they are on this list. Click here for more information and our historical list of lenders.


 

Private Loan Marketplace

Private Student Loan Marketplace

Once you have considered scholarships, grants and federal student loans, you can find a private student loan using the Private Student Loan Marketplace. The Marketplace is the only website that presents, side-by-side, the specific loan rates and terms you would see if you applied with each lender directly. You should then pick the private loan that is most appropriate for you and continue on to your chosen lender to complete the loan process. The Marketplace will pull your credit report in order to instantly simulate the actual terms of loans available to you from local and national lenders - complete with APR, interest rate, total cost, monthly payment, borrower benefits, fees and repayment options. Your credit report will not be harmed by using the Marketplace. Remember that only by completing the lender's application can you be sure to receive the product rate and terms you select in the Marketplace.

Click here for Marketplace disclosure statements.

 

Connect With Furman

     
3300 Poinsett Highway, Greenville, SC, 29613
Phone: 864-294-2000

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