Arcadia UniversityLoan Program Comparison Chart

As of 6/1/14, current prime rate=3.25%. 3-month LIBOR=0.23%. 1-month LIBOR=0.15%.
Go to (see Federal Reserve Rates section) for current rates.

*These products may be used to cover a prior (back) balance. Review Fees/Eligibility column for specific qualifications.

Loan Program Interest Rate Fees/Eligibility Repayment Term How To Apply, on-line or via phone:
Wells Fargo Collegiate Loan*
  • Choice of Variable or Fixed Interest
    Variable interest as low as Prime + 0.25%, based on credit, with a contractual minimum of 3.25%, interest rate cap of 18%.  Fixed rate as low as 6.74%.  Applicants are presented with their individual rate at point that credit eligibility is determined, usually at point of application. At that point, the applicant may choose a foxed or variable rate comparison, or defer the decision until later in process.
  • 0.25%-0.50% Interest Rate Discount at point of application with Wells Fargo borrower or cosigner relationship (prior Wells Fargo Education Loan, Qualifying Wells Fargo Accounts)
  • Student may apply without a cosigner but applying with cosigner helps ensure lowest interest rate and fastest approval process
  • Wells Fargo disclosures available @
  • No Fees
  • Must be enrolled in a degree, certificate or license program
  • May be enrolled less than half-time
  • International students must apply with creditworthy U.S. citizen cosigner
  • Students no longer enrolled may use to pay prior balance if applying within 30 days of last date of enrollment
  • Cosigner release option available after 24 monthly on-time payments
  • 6-month grace period – no payments required while in school
  • 15 year repayment term
  • 0.25% interest rate reduction with automatic payments in repayment
  • Loan forgiveness protection in event of student death or disability


Wells Fargo Education Financial Services

Discover Student Loan
  • Choice of Variable or Fixed Rate with Zero Fees
  • Variable Range: Prime + 0% to Prime+ 5.00% for Undergraduates
  • Variable Range: Prime + 0% to Prime+ 4.00% for Graduate Students
  • Variable Range: Prime + 0% to Prime+ 2.50% for Graduate Health Professions
  • Fixed Rate - 6.74% to 9.49% for Undergraduates
  • Fixed Rate - 6.74% to 10.99% for Graduate Students
  • Fixed Rate - 6.79% to 9.49% for Health Professions
  • For more information visit
  • Application and Solicitation Disclosures -
  • No Fees
  • Cosigner is advised for undergraduate borrowers with limited credit
  • No cosigner release
  • Undergraduate and Graduate students must be enrolled at least half-time
  • Must be a U.S. citizen or permanent resident
  • International students require a social security number and a U.S. cosigner
  • Degree-seeking
  • Making satisfactory academic progress as defined by school
  • 6-month grace period and 15 year repayment term for undergraduate students
  • 9-month grace period and 20 year repayment term for graduate students and health professions students
  • Automatic in-school deferment
  • 0.25% interest rate reduction with auto-debit
  • Graduation Reward-2% cash reward on outstanding principle balance (must be requested upon graduation); not offered on fixed rate product
  • 1-877-728-3030

Sallie Mae SMART Loan*


  • Low variable interest rates:  2.25% APR to 9.37% APR; competitive fixed interest rates:  5.74% APR to 11.85% APR
  • Pay now or later-defer your payments until after school or choose an in-school repayment option that fits your needs.
  • Visit for terms and conditions


  • No origination fees and no prepayment penalty
  • Can apply to release cosigner 12 months after you've graduated and made 12 consecutive on-time principal and interest payments
  • International students are eligible with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation
  • .25% interest rate reduction for automatic-debit
  • Loan forgiveness in event of a student's death or permanent and total disability
  • Can be used if you have an existing balance to pay off before registering for the new semester.
  • Will vary based on loan amount and year in school
  • Consider making principal and interest payments while in school to lower the amount you must pay back.
  • Principal and interest payments begin following the six-month separation period.
  • No pre-payment penalty.
    A 0.25% interest rate reduction with automatic-debit


Sallie Mae

Custom Choice Loan* (SunTrust)
  • Choice of fixed or variable rate:  Students may choose the interest rate type upon passing the initial credit review during the online application process. 
  • Variable:  LIBOR + 2.99%-LIBOR + 8.99%
  • Fixed:  4.75% - 11.25%
  • For the current interest rates, please visit:
  • No Fees
  • Although a cosigner is not required, a creditworthy cosigner may increase the likelihood of approval.
  • To be eligible, student must:

    -Be an undergraduate or graduate student enrolled at last half-time.

    -Be a U.S. citizen or permanent resident.

    -Be the legal age of majority in their state of residence (or at least 17 years old with a cosigner who is the legal age of majority)

  • Applications will be accepted for up to one month following end of the applicant's academic period. For example, when a loan period ends on May 15, borrow has until June 30 to submit an application for previous academic period.  The student does not need to be currently enrolled, however, they must have been enrolled at least half-time or more at time the balance was incurred.
  • Satisfactory academic progress is not required






  • 6-month grace period
  • Choice of 7, 10, 15 years (the 15  year term is available for loan amounts of $5,000 or more)
  • Choice of four repayment options (immediate, interest only, partial interest or fully deferred)
  • No penalty for pre-payment
  • Interest rate reduction of 0.25% for ACH payments
  • Additional 0.25% for ACH payments from a SunTrust deposit account
  • 1% reduction to the principal balance per loan, applied to full disbursement amount, upon graduation with a bachelors degree or higher
  • Cosigner release available after 48 consecutive principal and interest payments have been made on-time
  • Loan forgiveness available upon death of the student borrower
  • Forbearance available for economic hardship

Citizens Bank TruFit Loan*
  • Choice of Variable or Fixed Interest Rate
    Variable interest rate option as low as one-month LIBOR plus 2.50% and Fixed rate option as low as 5.75%
  • Choice of repayment options

* Please visit for current rates and application disclosures.
* Please visit for additional information.


  • Zero Fees
  • Must be enrolled at least half-time in a degree granting program
  • Cosigner release option available after 36 consecutive, on-time payments
  • Available for past due balances up to 180 days after the ending of the enrollment period. The student must be currently enrolled or recently graduated to qualify.
  • We strongly encourage students with little or no credit history to apply with a qualified cosigner to increase their chances of being approved. A qualified cosigner can also help the borrower secure a lower interest rate.
  • International students can apply with a creditworthy U.S. citizen, or permanent resident cosigner.
  • In the unfortunate event of the student borrower’s death or permanent and total disability, the TruFit Student Loan will be forgiven
  • Six-month grace period.
  • Choice of repayment options:  Deferred:  Students defer payment until 6 months after graduation.  Interest-only:  Students make interest-only payments while in school.  Immediate:  Students make payments while in school. 
  • Choice of repayment terms:  5, 10, 15 years.
  • 0.25% interest rate reduction for automating payments from any non-eligible Citizens Bank account
  • Can be used to cover past due balances up to 180 days after the ending of the enrollment period provided the student is currently enrolled or recently graduated.

Citizens Bank TruFit Student Loan
 1-800-708-6684