Preferred Lender Arrangements
Private education loans are credit-based consumer loans that can be used to pay any post-secondary education-related expenses, 包括学杂费, books, 和运输. Always consider your lowest-cost options first, 包括赠款, 奖学金, 联邦学生贷款.
After exhausting loan opportunities available from the federal aid programs, students may consider private loan programs as an additional source of funding. Herzing大学 maintains a list of suggested private loan lenders that we believe offer strong customer service, 有竞争力的贷款条件, 轻松的贷款处理.
Eligibility for private loans is based on creditworthiness and ability to repay, 而不是经济需求. While private loans are borrowed by the student, most private loans require a co-signer and offer deferment of principal payments while the student is enrolled.
The 金融援助 department utilizes FASTChoice, a loan comparison tool offered by Nelnet which allows students to compare up to five different loans side-by-side.
By clicking on the following link, you will be directed away from the Herzing大学 website. Enter FASTChoice now to view private loan products that are a part of our preferred lender list.
首选贷款人名单 Disclosures
In an effort to provide better counseling services to our students, Herzing大学 has entered into a preferred lender arrangement (PLA). Federal and state law mandates that we must provide the following disclosures in association with this process.
Method and Criteria for Lender Selection
Herzing大学 evaluates and selects lenders based on requested information from lenders. Factors considered include competitive interest rates and origination fees, 借款人的好处, electronic application and processing, 共同签署人的释放选项, deferment and repayment terms as well as the most widely used lenders by current and former students, and high quality of servicing the loans.
After reviewing the information submitted by each lender, we felt the lenders represented on our list best fit the criteria we set forth. Each year we review our list of preferred lenders. 每隔一年, we request a full RFI from each lender on our list, as well as other lenders that are interested in working with our students.
Affiliation
This list does not contain affiliated lenders.
行为准则
Herzing大学 has a published 财政援助行为准则 这是必须遵循的.
选择权在你
You may borrow from any lender you choose and are not required to use a lender on Herzing’s preferred lender list. Herzing大学 will process loans from any eligible lender you select.
The maximum Title IV Grant aid and Title IV loan aid available to students
Federal and state law also mandates that we disclose the maximum amounts of Federal Grant and Loan assistance that are available. Maximum eligibility for Federal financial aid is based on the results of the FAFSA and is outlined on the student's award letter. Federal financial aid has better terms and conditions than private student loans and we strongly encourage students to utilize that aid first. The following is a list of maximum awards in each program:
- Pell Grant -最高可达$7,395 for the 2023-2024 academic year depending on student's EFC (expected family contribution).
- SEOG – up to $1,050 (Award amounts are dependent on federal funding and student eligibility).
- 联邦直接贷款 - $5,500 (first year); $6,500 (second year); $7,500 (third year and above); Independent students can receive an additional $4,000 (first and second year) or $5,000(第三年或以上).
- PLUS Loan - a credit-based loan for parent borrowers with a maximum determined by the difference between cost of attendance and the student's financial aid award. The PLUS loan has an interest rate of 8.05% for the 2023-2024 academic year and an origination fee of 4.22% for loans disbursed before October 1, 2023.
国家财政援助方案
请查看 State 奖学金及助学金 for information on financing options that are available in the states in which Herzing大学 is eligible.
Terms and conditions of Title IV loans that are more favorable than private education loans
When financing your education, a 联邦直接贷款 should be your first choice once you have already collected any 奖学金 and grants you may be eligible to receive.
联邦直接贷款s are fixed rate federal student loans guaranteed by the government. They can be used to pay for educational related expenses. Direct Loans have a number of benefits all designed to help make paying for college more affordable.
One of the most important Direct Loan benefits is the fixed interest rate. Subsidized Direct Loans have a fixed rate for the 2023-2024 academic year will be fixed at 5.50%. Students are not responsible for any interest on this loan while attending at least half- time. There is an origination fee of 1.这笔贷款的利息为0.57%.
Unsubsidized Direct Loans for undergraduate students have a fixed rate of 5.50%. Unsubsidized Direct Loans for graduate students have a fixed rate of 7.05%. The interest rate will remain fixed for the life of the loan until repayment is complete. The interest accrues on this loan while the student is attending school. There is an origination fee of 1.这笔贷款的利息为0.57%.
负担得起的还款计划
Direct loan repayment plans are designed to provide flexibility for any budget. Once you complete school and enter repayment, you will have the option to pick from a number of helpful plans:
- 标准的还款 - A fixed amount each month based on your principal and interest.
- 毕业后还款 - Lower payments at the beginning of repayment then, over time, payments increase.
- 入息还款 - Monthly payments are based on yearly income and loan amount.
- 延长还款 - For loans totaling more than $30,000, this plan offers a choice of fixed or graduated payments over a period of up to 25 years.
Feedback
Preferred Lender Arrangements are required to be reviewed annually to ensure that competitive products that are in the best interest of the borrower are being offered. Please provide us with feedback regarding any positive and/or negative aspects that may have been experienced when working with a particular lender. 反馈可以留在 fa@282298.com.