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Private or Alternative Student Loans

The lenders listed are lenders previously used by students at Shaw University. These loans are credit based loans that require a good credit history. Families are encouraged to carefully review and consider the terms of any private loans prior to applying. Shaw University requires that you receive pre-approval and complete the promissory note before the Financial Aid Office will certify your alternative loan. Please review and consider your choice wisely.

Shaw University is now using ELMONE to certify private loans. Students and Parents may browse for various lenders via, then search for ' Shaw University', and then your specific program, i.e Undergraduate or Graduate. Then follow the instructions and contact each potential lender individually.

Lender Details

College Foundation, Inc.

Phone: 866.866.CFNC(2362)

  • No Fees
  • Competitive Fixed Rate
  • Student Assist Loan - 5.75% fixed interest rate
  • Parent Assist Loan – 5.25% fixed interest rate
  • Interest Rate Reduction for Auto-draft


LENDER ID: 900905
855-756-5626 |

The simple and smart loan option for undergraduate students Choosing our Smart Option Student Loan® as your undergraduate student loan solution offers various financial and educational benefits, including:

  • Rewards for paying your undergraduate student loans on time while in school
  • Borrow up to 100% of your school-certified costs of education
  • Deferred Repayment Option
  • Competitive Interest Rates
  • No origination fees and no prepayment penalties
  • Free quarterly FICO® Credit Score

Information for Parents

The Sallie Mae Parent Loan is an additional option to consider when financing all or part of your student’s education. With the loan in your name, you can give the gift of college to your student-and relieve them of the financial responsibility. Any creditworthy individual can take out a Sallie Mae Parent Loan, including grandparents, aunts, uncles, spouses, and guardians. Some of the benefits that Sallie Mae Parent Loan offers are listed below:  

  • No origination fee, no prepayment penalty
  • Choice of repayment options
  • 0.25% point interest rate reduction while enrolled to make scheduled monthly payments by auto debit
  • Quarterly FICO® Credit Scores available online for free to both borrowers and cosigners
  • Interest may be tax deductible for borrowers
  • Can be used to cover an existing balance for an enrollment period within the past 365 days

Wells Fargo

LENDER ID: 807176 
1-800-378-5526 |

Looking for money to help out with eligible expenses such as tuition, housing, books, a laptop, and more? Wells Fargo makes it easy to borrow up to $25,000 to pay for your education. With a Wells Fargo student loan, you can get money for college now and not make any payments while you're in school. 

  • No payments until six months  after you leave school
  • It's quick, easy, and free to apply online
  • No application fee, No origination fees
  • Use a Wells Fargo Collegiate Loan to borrow up to the entire cost of education
  • Current and Past Balance loans. For a past balance loan we can go up to one year in the past (not more than 365 days)

Understand your interest rate options

Discover Student Loans

LENDER ID: 831312
877-728-3030 |

Cover up to 100% of school-certified college and graduate school costs