Daemen College : Admissions : Financial Aid : Alternative Payment Options
Alternative Payment Options
ALTERNATIVE PAYMENT OPTIONS
2011 – 2012
1) PAYMENT PLANS
Daemen College offers a four-month or five-month payment plan per semester. Any student wishing to enroll
in a Payment Plan must do so with the Office of Student Accounts by the first day of classes each semester.
The first monthly payment will be expected at that time.
Office of Student Accounts: (716) 839-8213 Duns Scotus Room 112
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2) ADDITIONAL FEDERAL LOANS
If the maximum Federal Stafford Loans awarded to a student are not sufficient, additional Federal loans are available depending on your eligibility.
► Federal Parent (PLUS) Loan for Undergraduate Students
This loan is a Federal Loan for the parents of dependent undergraduate students.
The annual loan limit is the cost of attendance less other financial aid. Parents wishing to apply for a Parent PLUS loan need to visit www.studentloans.gov. A credit check will be required.
► Federal Grad PLUS Loan for Graduate Students
This loan is a Federal Loan for graduate students.
The annual loan limit is the cost of attendance less other financial aid. Graduate students wishing to apply for a Grad PLUS loan need to visit www.studentloans.gov. A credit check will be required
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3) ADDITIONAL ALTERNATIVE/PRIVATE LOANS
► Alternative / Private Educational Loans (Non-Federal)
These are loans through financial institutions that help fill the gap between the costs of attendance
less other financial aid. Students apply directly with the lender. A credit check will be required.
Many lenders will require a co-signer in order to approve the loan.
The list of lenders below is provided as a service to our students to assist them in the loan selection process.
Lenders on our list have demonstrated a commitment to providing competitive loan terms, the very
best in customer service, technology and quick loan processing.
The college solicited a Request For Information (RFI) from numerous lending institutions and evaluated their responses based on the above criteria.
Students and parents have the right to select a lender of their choice regardless of our list and
will suffer no penalty for selecting a lender who is not on our list. Daemen College also recommends that students maximize their Federal Loan eligibility before utilizing a Alternative/Private loan to help pay college expenses.
For a comparative list of benefits and services provided by lenders listed below, visit:
http://www.elmselect.com/oll/Agreement
Chase
(Chase Select Loan)
(866) 306-0868
www.chaseselectloans.com
Application Disclosure Link http://www.chasestudentloans.com/custom/application_disclosure/index.htm
Citibank
(CitiAssist Loan)
(800) 967-2400
www.studentloan.com
Application Disclosure Link www.studentloan.com/appdisclosures
Citizens Bank
(Trufit Student Loan)
(800)708-6684
www.citizensbank.com/trufitstudentloan/
Application Disclosure Link www.citizensbank.com/pdf/ctz_App_Disc.pdf
NYHELP
(888)697-4372
www.hescmarketplace.org
Application Disclosure link http://www.hesc.com/content.nsf/NYHELPs/Application_Process
Sallie Mae
(Smart Option Loan)
(888) 272-5543
www.salliemae.com/daemen
Application Disclosure Link www.salliemae.com/content/html_emails/disclosures/Sallie_Mae_SOSL_App_Disclosure_DegreeGranting.pdf
Wells Fargo
(Collegiate Loan)
(800) 658-3567
www.wellsfargo.com
Application Disclosure Link www.wellsfargo.com/downloads/pdf/student/Collegiate_Disclosure_info.pdf
International Education
Students in all majors at Daemen are encouraged to pursue part of their college studies abroad thru the Global Programming Office. At Daemen you can study at Australia, Asia, Africa, Latin America, Europe, China, the Dominican Republic just to name a few!