YCCC does not have a “preferred lender list” for alternative loans. The following lenders have issued alternative loans to YCCC borrowers in the last five years:

 

Bank of America

Maine Educational Loan Authority

Key Bank

Sallie Mae

Suntrust Bank

TERI

Wells Fargo

 

Should YCCC provide information regarding a private education loan from a lender to a prospective borrower, YCCC will provide information to the prospective borrower, including:

 

  • Information required under Sec. 128(e) of the Truth in Lending Act (15 U.S.C. 1638(e) (see http://www.law.cornell.edu/uscode/15/usc_sec_15_00001638----000-.html)
  • That the prospective borrower may qualify for loans or other assistance under Title IV, HEA programs; and
  • That the terms and conditions of Title IV, HEA program loans may be more favorable than the provisions of private education loans.