NEWBURY COLLEGE-BROOKLINE

We recommend these lenders based on the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so. You can find alternative lenders by clicking the “Search For Other Lenders” link below or searching on your own.
 
Newbury College is committed to helping students and their families find ways to finance their education. The following is a list of established lenders who we have placed on our Alternative Financing Options list because their services are exemplary and are designed to benefit you. If you are interested in applying for a Federal Stafford and/or PLUS Loan and would like more information please contact one of these lenders or Newbury College Financial Aid Office.
Compare Lenders Lender Information Borrower Benefits & Customer Service Apply Now

Benefits

  • Variable interest rate based on Prime minus 1.00 % to Prime + 6.50% based on the creditworthiness and presence of a co-signer
  • 0.00% to 3.00% fees depending on credit history
  • Minimum loan amount $500
  • $100,000 aggregate limit without co-borrower; no aggregate limit with co-borrower
  • Co-signer release option available after their first 24 payments of principal and interest on time
  • May be used for past due balances, up to 12 months
  • Up to 15 year standard repayment
  • 0.50% interest rate reduction for ACH
  • Zero fees with co-signer
  • No income Required
  • No Payment while in school

Services

  • 0.50% IRR for Auto Debit
  
  • Lender Code 805204
  • 800-255-8374
  • 7168

Benefits

  • Monthly variable interest rate based on Prime minus 0.50% to Prime + 1.00%
  • 5.00% fee for immediate repayment; 6.50% fee for deferred principal and interest
  • Minimum loan amount $1000
  • Up to 25 year repayment

Services

  • Aggregate limit determined by school
  • Must be making satisfactory academic progress
  • May be used for past due balances, no time limit
   		To apply contact the Financial Aid Office
  • Lender Code 826878
  • 800-967-2400
  • 7164

Benefits

  • Interest rate as low as Prime minus 0.50%
  • Repayment up to 20 years
  • 0.50% interest rate reduction when the first 48 consecutive monthly payments are made on time
  • 0.25% interest rate reduction for auto debit
  • Loans can be used for balances incurred within the last 12 months
  • Receive a credit response in 3 minutes or less when you apply online at studentloan.com/schools/newbury
  • Aggregate limit $120,000

Services

  • No fees
  • No minimum amount
  • Co-signer release is available
  • May be enrolled less than half-time, half-time or full-time status
   		To apply contact the Financial Aid Office
  • Lender Code 900803
  • 800-634-9308
  • 7166

Benefits

  • Monthly variable interest rate of Prime + 1.25
  • Annual variable Prime + 2.50%
  • 2.00% fee if student defers principal and interest while in school
  • Minimum loan amount $500
  • 5.00% disbursement fee with co-borrower; 0.00% disbursement fee without co-borrower
  • $100,000 aggregate limit without co-borrower; no aggregate limit with co-borrower
  • Up to 30 year repayment, depending on loan balance
  • Zero fees with co-signer
  • No income Required
  • No Payment while in school

Services

  • Co-signer release option available
  • 0.50% IRR for Auto Debit
   		To apply contact the Financial Aid Office
Additional Resources
 

ELMSelect is hosted and maintained by ELM Resources to provide student and parent borrowers with information supporting their ability to choose the educational lender of their choice.

Information on this site regarding educational loans has been provided exclusively through institutions of higher education (“schools”) that have elected to post their preferred lender lists on this site. ELM Resources is not involved in any way with the endorsement of lenders or specific loan products of educational institutions and does not receive compensation as a result of a lender being placed on a preferred lender list or a school using ELMSelect as a means of providing loan information to students.

ELM Resources is not responsible for the accuracy of the information available through ELMSelect. Students and parents are encouraged to contact lenders to confirm the accuracy of the loan terms posted on the site. Students and parents are also reminded of the right of borrowers seeking loans through the Federal Family Education Loan Program to choose their lender and that the choice of a lender is not in any way limited to the lenders on a school’s preferred lender list. Additionally, if a borrower chooses another lender, they will suffer no penalty for selecting their lender of choice.

ELM Resources notes that additional information on student loans is available from the U.S. Department of Education on a variety of sites including www.studentaid.ed.gov and www.mymoney.gov. Useful information on financial literacy may be found at http://www.mymoney.gov/, a website maintained by the U.S. Financial Literacy and Education Commission. For New York schools, additional information can be found at http://www.oag.state.ny.us/family/student_lending/information.html.

ELM Resources welcomes comments on ELMSelect. Comments may be sent to: info@elmresources.com.