Home > Prospective Students > Financial Aid > Types Of Aid > Alternative Loan Options

There are many alternative loan options available to students. Below is a partial list of private, non-federal loan loans that a student may use to finance their education. As a student, it is important to research and understand the terms and conditions of each loan in order to determine if the program is a good option for you. UNH Manchester does not endorse any of the loans listed below but rather is providing the following for informational purposes only. To find out about other loan opportunities, contact local financial institutions.

Please be aware of the specific program requirements when applying for all loans.

TERI Undergraduate Loan

To be eligible, borrowers must be enrolled at least half-time time in a degree or certificate program at an eligible educational institution and meet set credit criteria. The borrower or co-signer must also meet the following credit guidelines: have a satisfactory credit, residence, and employment history of at least 2 years; have proof of current income (If self-employed, have been in business for at least 2 years); and be a U.S. citizen or permanent resident and have resided in the U.S. for the previous 2 years. Students can borrow annually up to the cost of your attendance minus other aid with a minimum loan amount of $1,000. Interest rate varies based on lender. Students can choose from three repayment options, immediate repayment beginning 45 days after funds are disbursed, interest-only payments while in school, or deferred repayment of principal and interest while in school (up to four consecutive years). Repayment begins 180 days after graduation or the student ceases to be enrolled at least half-time. Students can apply online at: www.teriloans.com.

TERI Continuing Education Loan

Students can apply for a TERI Continuing Education Loan if they are currently enrolled less than half-time or in a non-degree program at an eligible institution. Students can borrow up to $15,000 annually with a minimum amount of $1,000. Students in a certificate or degree granting program will make no payment until the earliest of: two years after first loan disbursement, six months after graduation, or six months after enrollment has ended. Students who are in a non-degree or non-certificate program will make no payment until the earlier of: six months after end of the academic period for which the loan is taken or six months after enrollment has ended. The borrower or co-signer must also meet the following credit guidelines: have a satisfactory credit, residence, and employment history of at least 2 years; have proof of current income (If self-employed, have been in business for at least 2 years); and be a U.S. citizen or permanent resident and have resided in the U.S. for the previous 2 years. Interest rate varies based on lender. Students can apply online at: http://www.citizensbank.com/pf/studentloans/applications/conteduloan.aspx

Sallie Mae Signature Loan

To be eligible, borrowers must be at least 18 years old, enrolled at least half-time time at an eligible educational institution, pursuing an undergraduate or graduate degree, meet minimum credit criteria and be a U.S. citizen or have a co-borrower who is a U.S. citizen. Permanent residents and foreign students are eligible for this loan and must provide applicable Citizenship and Immigration (CIS) documentation. Foreign students are required to apply with a creditworthy cosigner. The cosigner must be a U.S. citizen or permanent resident. Students can borrow annually up to the cost of your attendance minus other aid with a minimum loan amount of $500. Interest rates are based on the Prime Rate and adjust monthly. Interest rates vary based on credit history, starting as low as Prime + 0%. Lowest rates are available when both the student borrower and a cosigner are credit-approved. Signature loans have a 0% disbursement fee for almost every student borrower. A cosigner release option is available after you make 24 on-time payments of principal and interest. Repayment begins 6 months after graduation or the student ceases to be enrolled at least half-time. The standard repayment term is 15 years. Students can apply online at www.salliemae.com.

CitiAssist Loan

To be eligible, borrowers must be at least 18 years old, enrolled at least half-time time in an eligible degree or certificate program at an eligible educational institution, and a U.S. citizen or have a co-borrower who is a U.S. citizen or permanent resident. The CitiAssist Loan does not have a minimum enrollment requirement. Undergraduate students can apply without a co-signer if they have a satisfactory credit history, verifiable income of $18,000/year or more and a debt to income ratio of 45% or less. Students can borrow annually up to the cost of your attendance minus other aid with no minimum loan amount. Interest rates are variable based on the credit worthiness of the borrower, with rates as low as 6.50%. There are no origination fees. Repayment begins 6 months after graduation or the student ceases to be enrolled at least half-time. The standard repayment term is 11 years. Students can apply online at www.studentloan.com.