My Iona

Alternative Loans

Iona University strongly recommends that students borrow the maximum in Federal Direct Loans before considering an alternative student loan. Federal Direct loans tend to be less expensive with fixed interest rates and provide various options for repayment. The Student Financial Services Office will certify any alternative loan at the request of any borrower, provided they are credit approved; however, it is the responsibility of the borrower to determine which alternative loan best fits their borrowing needs.

What are alternative student loans?

Alternative student loans are available to help students cover any financial gap that may exist between their educational costs and the amount of financial aid they are receiving. There are many types of alternative student loans, each with different interest rates and repayment terms which vary depending on the borrower and co-borrower's credit-worthiness.

Students and families need to do their own due diligence on what alternative loans suits their borrowing needs. Iona will not recommend what specific alternative loan to use. Most, if not all, undergraduate students usually require a credit-worthy co-borrower in order to obtain and approval and the best interest rate(s) and benefits.

Iona University does not have a preferred lender list for alternative loans nor do we have a preference or opinion on what alternative loan program a student should use. The list below represents student loan products that have been utilized by Iona students during the past two award years and is provided to assist in researching possible borrowing options.

List of Lenders of Private Loan Products to Iona Students

Iona University does not recommend, promote, or endorse the education loan products of any private lender. The following list is provided solely to assist in researching student loan products.

List of Lenders of Private Loan Products
Lender InformationLender Code
AAA Advantage Student Loan
(800) 513-1464
907777
Ascent Funding Private Loans
(877) 216-0876
555550
Citizens Bank Private Student Loan
(800) 708-6684
700700
College Ave. Lender
(844) 422-7502
888111
Custom Choice
(866) 232-3886
907799
Earnest
(888) 601-2801
600001
EDvestinU
(855) 887 5430
632996
MEFA Private Student Loan
(800) 266-0243
733921tas
New Jersey Class
(800) 792-8670
822982
NJ Class Loan
(800) 792-8670
812345
PNC Bank
(888) 768-8865
809921
Sallie Mae Student Loans
(855) 756-5626
900905
SoFi
(855) 456-7634
423587
Summit Federal Credit Union
(585) 453 7000
532543
Union Federal Private Student Loan
(866) 513-8445
907798