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New Mexico State University
Office of Student Financial Aid and Scholarship Services

Alternative Lenders

Lender benefits subject to change without notice. See lender website for updated details.

Alternative Lender List Lender IDStatusBenefits
Wells Fargo (Collegiate)
800-378-5526
PO Box 5185 Sioux Falls, SD 57117-5185
MedCap Loan for Nursing Students (see website for details)
807176
Degree or multicourse
certificate seeking
Less than 1/2 time
Prior balance up to 12 months

Deferred payments while in school (up to 7 years) 6 month deferral period upon graduation or leaving school
1/2 % interest rate reduction at repayment upon verification of graduation with the Wells Fargo Student Graduation Benefit Program 1/4 % interest rate reduction for auto-debit Cosigner release after the first 24 consecutive payments

Citibank
800-967-2400
PO Box 6191 Sioux Falls, SD 57117-6161

 826878 Non degree seeking
Less than 1/2 time
Prior balance up
to 12 months     

Origination fee 0%-5% based on credit
1/4% interest rate reduction if enrolled in auto-pay
and agree to only receive electronic statements
0.50% interest rate reduction for first 48
and continued on time payments
No early payoff penalty
Chase
866-306-0868
1E. Ohio St., Indianapolis, IN 46277		 503000 Degree Seeking 
Less than 1/2 time

Prior semester
balance 		 Zero origination and repayment fees
25% int. rate reduction for auto pay

Cosigner release after 36 months
Sallie Mae
888-272-5543
P.O. Box 9532, Wilkes-Barre, PA 18773
802218
Degree Seeking 
Enrolled 1/2 time
Prior semester
balance		 No prepay penalties
Credit worthy co-signers may help with lower interest rates
High approval rates
Standard repayment term of 15 years with the option to extend
terms to 30 years