Alternative Loan Preferred Lender List

Lender List Information

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.

Quick Links:

citizenslogo Citizens Bank

Citizens Student Loan

  • Click here to visit their website or call 1-800-708-6684
  • Fixed or Variable interest rate option
  • Fixed Rate: 5.75% - 11.75%
  • Variable Rate: 2.67% - 9.42% APR
  • Zero Fees
  • Cosigner recommended
  • Cosigner may be released after 36 consecutive on-time payments
  • Payments deferred while you are enrolled at least half-time
  • Available to students enrolled at least half-time
  • Loan forgiveness in the event of student death or permanent disability
  • Loyalty Discount (.25%) for Citizens Bank customers
  • Click here to apply

suntrust logo Custom Choice

Custom Choice Loan

  • Click here to visit their 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
  • Interest rate reduction for in-school payment
  • Loan forgiveness in the event of student death or permanent disability
  • *Summer Savings Event
  • Click here to apply
  • Disclosure Information

PNC PNC

PNC Solution Loan

  • Click here to visit their 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
  • Payments deferred while you are 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 Logo Wells Fargo

Wells Fargo Collegiate ®Loan

*Important Notice Regarding Discover Student Loans

Discover Student Loans have been removed from our preferred lender list. If you have prior Discover loans, please click here to access the Discover website.