Loans
Alternative Loan Preferred Lender List

Important Note: As a service, Ferris State University has completed the research necessary to identify reputable lenders that provide the best interest rates, services and convenience to our students. Ferris State University has no affiliation with, and receives no incentive or benefit from any lender, whether or not they are designated as a preferred lender.

All lenders on our preferred lender list offer both fixed and variable interest rate options. We strongly encourage borrowers to consider the fixed interest rate options, as most variable rates do not have a cap or ceiling rate. Lenders that do offer a capped rates are typically capped at 18% or higher. When you see the variable interest rate ranges below, the higher number represents the highest possible initial variable interest rate your loan may be approved at, but it is not a capped or ceiling rate for your loan unless a ceiling rate is specified. Please contact the lender or the Office of Scholarships and Financial Aid if you have questions regarding interest rates.

Ferris State University will certify a loan with ANY lender chosen by the borrower. The interest rates below are ranges. Your actual rate(s) will be determined after credit checks of student and cosigner credit-worthiness.

For tips on how to lower your student loan debt, you are encouraged to visit our Financial Awareness website.


| LIBOR Rate | Prime Rate |

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CUSTOM CHOICE  suntrust logo

Custom Choice Loan

  • Click here to visit website or call 1-866-230-5609
  • Fixed or Variable interest rate option
  • Fixed Rate: 4.75% - 11.25%
  • Variable Rate: 3.241% - 8.672% APR
  • Zero Fees
  • Cosigner recommended
  • Cosigner may be released after 48 consecutive on-time payments
  • Available to students enrolled at least half-time
  • Applicant chooses from a variety of repayment or deferred payment options
  • Loan forgiveness in the event of student death or permanent disability

Click here to apply

Disclosure Information 

 

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DISCOVER Discover Logo

Student Loans

    • Click here to visit website or call 1-877-728-3030
    • Fixed or Variable interest rate option
    • Fixed Rate: 5.99% - 11.24%
    • Variable Interest rate: Currently 3.7% - 8.72% APR
    • Zero fees
    • Cosigner Recommended
    • Cosigner release option: No
    • Available to students enrolled at least half-time
    • Payments deferred while you are enrolled at least half-time
    • Loan forgiveness in the event of student death or permanent disability
    • Cash Reward for Good Grades
    • Students must be enrolled in Bachelors, Graduate or Professional Degree Programs to apply for Discover Loans  - (Students in Associates Degree programs are ineligible for Discover Loans)

Click here to apply

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PNC  PNC

PNC Solution Loan

      • Click here to visit website or call 1-800-762-1001
      • Choose fixed or variable interest rate
      • Fixed rate option 6.49% - 12.99%
      • Variable rate option from 3.37% to 10.41% (18% ceiling rate)
      • Zero fees
      • Cosigner recommended
      • Cosigner may be released after making 48 on-time payments
      • Available to students enrolled at least half-time
      • Students who are no longer enrolled may apply within 60 days after the enrollment period end date to cover a past due balance
      • Student may choose to defer payment while enrolled at least half-time
      • Loan forgiveness in the event of student death 

 

Click here to apply

Disclosure Information

 


WELLS FARGO Wells Fargo Logo

Wells Fargo Collegiate® Loan

      • Click here to visit website or call 1-877-451-5039
      • Choose fixed or variable interest rate
      • Fixed rate option 5.94% - 13.99%
      • Variable rate option from 3.40% to 9.24% (18% ceiling rate)
      • Zero fees
      • Cosigner recommended
      • Cosigner may be released after making 24 on-time payments
      • Students who are currently enrolled may apply to cover past due balances up to 12 months.
      • Payments deferred while you are enrolled at least half-time
      • May be enrolled less than half-time
      • Loan forgiveness in the event of student death or permanent disability
      • Wells Fargo Great Rate Event - Discounts for Wells Fargo Customers

Click here to apply

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