The Clarke University Financial Aid Office is committed to student centered service. For the benefit of our students, a number of private loan lenders were recently researched to determine the loan terms being offered to students. A number of criteria were used to speculate which private loans may offer students the best loan terms. The undergraduate private loan lenders listed on the previous page were selected through the following criteria:
- any private loan lenders that had an interest rate range overlapping a set rate were not considered
- any private loan lenders that capitalized interest more frequently than once a year were not considered
- any private loan lenders that charged BOTH origination and repayment fees were not considered
- any private loan lenders that did not publish their interest rate structure on their website were not considered
- any private loan lenders with high origination fees and other non-beneficial loan terms were not considered
- any private loan lender that did not return our Request For Information was not considered
Research will be conducted on a yearly basis.