Undergraduate Degree Program

Parent Financing Options

The following alternative financing options encompass lenders who have actively processed education-based loans for the Albertus Magnus College student body over the past three academic years. The institution did not receive any benefit from the participating lenders. However, if you wish to use another lender that is not on this list, you have the right to do so.

Nelnet Monthly Payment Plan
Plan Interest Fees Repayment Additional Information
Albertus Magnus College
No Interest $25 Per semester nonrefunable enrollment fee $25 fee if payment returned Monthly payments, number of payments is subject to enrollment date Easy online enrollment; monthly payment plan; flexible payment options
Federal Direct Parent PLUS Loan
Lender Interest Fee Repayment Additional Information
Federal Direct Parent PLUS Loan
7.9% Fixed Interest Rate 4% Origination Fee   Repayment begins 60 days after loan is fully disbursed   1.5% upfront instant principal rebate. If 12 on-time monthly payments are not made after entering repayment, the instant rebate will be reapplied to the principal of the loan.
Parent Alternative Financing Loan
Lender Interest Fee Repayment Additional Information
Wells Fargo
Variable APR - see wfefs.wellsfargo.com/jump/rates.html for up to date information Zero Fees Repayment begins after final disbursement of loan No Satisfactory Academic Progress Required; Not available for prior owing balances; Student's may be enrolled less then half time, but must be ina degree-seeking proram; 0.25% interest rate reduction with auto debit payment; Borrow up to $25,000 per school year; Disburses directly to the Parent.
**Rates and Benefits as of July 1, 2010**
**Rates and benefits are subject to change without notice**