CAMBRIDGE COLLEGE

We recommend these lenders based on the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so. You can find alternative lenders by clicking the Search For Other Lenders link below or searching on your own.
 
This is a list of Federal Stafford Loans
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Benefits

  • 0-1% federal default fee (depending upon chosen guarantor)
  • 0.25% interest rate reduction by authorizing auto-debit payments. This reduction remains in effect for the life of the loan as long as payments are made as required.
  • Extended Repayment Release - Access Group will waive the last 12 monthly payments for eligible borrowers who choose and utilize extended repayment over 25 years.
  • 10 years to repay; up to 25 years with Extended Repayment
  • "Standard, Graduated, Extended and Income-Sensitive repayment options available"
  • "In-house servicing for new borrowers after July 1, 2004"
  • Convenient combined billing with other Access Group loans

Services

  • Online or over-the-phone application with instant credit decision
  • "Dedicated customer service at 800-282-1550 Monday through Friday, 9 a.m. to 8 p.m. ET"
  • "Standard, Graduated, Income-Sensitive and Extended repayment options"
  • Convenient combined billing with other Access Group loans
  • WiseBorrower® Curriculum
  • Online loan repayment and budget calculators
  

Benefits

  • 6.0 % fixed interest rate for subsidized undergraduate, 6.8% for all unsubsidized and graduate Stafford loans
  • 0.25% interest rate reduction with auto-debit payments
  • Multiple repayment options
  • Quick online application

Services

  • Free Student Checking
  

Benefits

  • zero guarantee fee
  • zero origination fee
  • .10% interest rate reduction at repayment
  

Benefits

  • 1.00% principal reduction if first 12 payments are made on time
  • 0.25% interest rate reduction for auto debit
  • 0% origination fee
  

Benefits

  • Zero origination fee
  • Zero default fee
  • 1% interest rate reduction for graduation at repayment
  • 0.25% interest rate reduction for auto-debit
  • 1% rebate after first 12 on-time payments
  • 1% rebate after next 12 on-time payments
  • Benefit repair option after 24 months of on-time payments
  

Benefits

  • 3.3% principal credit or cash back after 33 consecutive on time payments
  • 0% origination fee
  
This is a list of Parent PLUS loans
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Benefits

  • Zero default fee
  • 1% interest rate reduction at disbursement
  • 0.25% interest rate reduction for auto-debit
  • Benefit repair option after 24 months of on-time payments
  

Benefits

  • 1% interest rate reduction at first disbursement
  • 0.25% interest rate reduction for auto debit
  

Benefits

  • No collateral requirements or income limitations
  • 0.25% interest rate reduction with auto-debit payments
  • Quick online application
  • Make no payments while student is in school
  • Credit counselors available to assist with any credit issues
  • Receive up to the total cost of education, minus other aid
  • Multiple repayment options
  • 8.5% fixed interest rate

Services

  • Auto and home loans, investment accounts and more
  

Benefits

  • 1.00% principal reduction if first 12 payments are made on time
  • 1.00% principal reduction if next 12 payments are made on time
  • 1.00% principal reduction if next 12 payments are made on time
  • 0.25% interest rate reduction for auto debit
  
This is a list of Grad PLUS loans
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Benefits

  • Zero default fee
  • 1.25% interest rate reduction at disbursement
  • 0.50% Quick Pay interest rate reduction
  • Benefit repair option after 24 months of on-time payments
  

Benefits

  • Make no payments until 6 months after you graduate
  • Multiple repayment options
  • No collateral requirements or income limitations
  • Quick online application
  • Credit counselors available to assist with any credit issues
  • 8.5% fixed interest rate
  • 0.25% interest rate reduction with auto-debit payments

Services

  • Free Student Checking with online bill pay
  

Benefits

    • Immediate 1% interest rate reduction when borrower makes first scheduled payment as required; and second chance - borrower can regain 1% reduction by making the next consecutive payments on time
    • Additional 0.25% interest rate reduction by authorizing auto-debit payments
    • Non profit graduate loan specialist for borrowers - no annual or aggregate loan limits; automatic in-school deferment for graduate students enrolled at least half-time
    • Access Group does not ordinarily sell its loans. However, we reserve the right to do so for business purposes. Access Group does not have any forward purchase agreements.
  

Benefits

  • 1% interest rate reduction at first disbursement
  • 0.25% interest rate reduction for auto debit
  

Benefits

  • 1.00% principal reduction if first 12 payments are made on time
  • 1.00% principal reduction if next 12 payments are made on time
  • 1.00% principal reduction if next 12 payments are made on time
  • 0.25% interest rate reduction for enrolling in atomatic payments
  
This is a list of Private Loans
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Benefits

  • Interest rate as low as Prime minus .50%
  • Zero fees for all borrowers, no origination or repayment fees
  • .50% interest rate reduction with use of auto debit
  • Flexible Repayment and Deferment Options
  • Co-sgner release after 48 on-time payments
  • Use for Past Due balances up to 3 years
  

Benefits

  • zero fees
  • rates as low as Prime - 1%
  • .25% interest rate reduction for auto-debit/ACH payments
  • cosigner release option after 36 on-time payments
  

Benefits

    • Choose a fixed or variable interest rate; fixed interest rate as low as 6.89%; variable interest rates change quaterly based on 3 month LIBOR and will never exceed 12%
    • Fees as low as 0%
    • Payments are deferred while borrower is enrolled in graduate program; repayment begins 6 months after graduation, leave program, or enroll less than half time
    • No penalty for early repayment or prepayment
    • Guaranteed renewal of your MEFA graduate loan provided student borrower and co-borrower are the same each year and student has not defaulted on an education loan
  

Benefits

    • 0.25% interest rate reduction for enrolling in automatic payments
    • May apply for co-borrower release after making any 24 consecutive, scheduled payments on time
    • Origination fee as low as 0% (determined by credit criteria)
    • 15-day grace period for late payments
    • Loan consultants are available to assist borrowers 24 hours a day, 7 days a week at 800.892.1588
    • Up to 25 years to repay, depending on loan balance
  

Benefits

  • New price ranges with competitive pricing that rewards creditworthiness
    • One eligible individual: Libor + 2.5% to Libor + 9.5%
    • Two eligible individuals: Libor + 2.5% to Libor + 8.5%
  • Zero fees 
  • A .50 percentage point interest rate reduction with auto-debit No income requirement
  • Cosigner release available after the first 24 on-time payments of principal and interest1
  • Six month grace period
  • Combined billing for borrowers with multiple Sallie Mae loans
  • Sallie Mae’s Upromise Loan LinkSM service can help students and families pay down student loans

Services

  • Easy Application Process
  • Credit Approval Within Minutes
  • No Payments Required While Enrolled
  • 24/7 on-line account management with Manage Your Loans
 
This is a list of Consolidation loans
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Benefits

    • 1% interest rate reduction when borrower makes first 36 scheduled payments as required
    • Additional 0.25% interest rate reduction by autorizing auto-debit payments
    • Non profit graduate loan specialist
    • Access Group does not ordinarily sell its loans. However, we reserve the right to do so for business purposes. Access Group does not have any forward purchase agreements.
  
Additional Resources
 

ELMSelect is hosted and maintained by ELM Resources to provide student and parent borrowers with information supporting their ability to choose the educational lender of their choice.

Information on this site regarding educational loans has been provided exclusively through institutions of higher education (“schools”) that have elected to post their preferred lender lists on this site. ELM Resources is not involved in any way with the endorsement of lenders or specific loan products of educational institutions and does not receive compensation as a result of a lender being placed on a preferred lender list or a school using ELMSelect as a means of providing loan information to students.

ELM Resources is not responsible for the accuracy of the information available through ELMSelect. Students and parents are encouraged to contact lenders to confirm the accuracy of the loan terms posted on the site. Students and parents are also reminded of the right of borrowers seeking loans through the Federal Family Education Loan Program to choose their lender and that the choice of a lender is not in any way limited to the lenders on a school’s preferred lender list. Additionally, if a borrower chooses another lender, they will suffer no penalty for selecting their lender of choice.

ELM Resources notes that additional information on student loans is available from the U.S. Department of Education on a variety of sites including www.studentaid.ed.gov and www.mymoney.gov. Useful information on financial literacy may be found at http://www.mymoney.gov/, a website maintained by the U.S. Financial Literacy and Education Commission. For New York schools, additional information can be found at http://www.oag.state.ny.us/family/student_lending/information.html.

ELM Resources welcomes comments on ELMSelect. Comments may be sent to: info@elmresources.com.