Ferris State University

Private Lending for Higher Education

Loan Products

Ferris State University encourages borrowers to consider fixed interest rate options. Few education loans offer variable interest rate caps. Those that do are typically 18% or more.

Ferris State University does not endorse or recommend any lender. You are encouraged to do your own research. The list below represents the lenders that most Ferris students have selected in the past three years and is provided as a starting point in your research. We will process a loan from any lender that you choose.

Loan Cost Calculator

Explore different number combinations to understand what you can afford.

Comparison List

Fixed APR Range

Variable APR Range

Custom Choice Loan powered by Cognition

The freedom to design a loan that's right for you! The Custom Choice Loan provides customized options to meet your individual needs all while offering great benefits, interest rate reductions, cosigner release option, and no fees!

Product Name Rate Type APR Min APR Max Grace Period Compare
Apply for the loan Custom Choice-Fixed & Variable Rates Custom Choice-Fixed & Variable Rates Fixed
Variable
3.650%
3.530%
12.470%
12.320%
6 months

Sallie Mae

Customize your borrowing-you won't be locked in to a one-size-fits-all solution when applying. Choose a loan amount, repayment option, and a fixed or variable interest rate. Get your funds quickly with no origination fee or penalty for early payment.

PNC

Product Name Rate Type APR Min APR Max Grace Period Compare
Apply for the loan PNC Solution Loan for Undergraduates/Graduate Students (Fixed + Variable) PNC Solution Loan for Undergraduates/Graduate Students (Fixed + Variable) Fixed
Variable
3.490%
3.140%
11.290%
10.340%
6 months

Citizens

Apply once and we've got you covered until graduation! Instead of applying for a new student loan every year, Citizens Multi-Year Approval gives you a plan to fund your entire college experience. Know how much you can borrow over the years.

Product Name Rate Type APR Min APR Max Grace Period Compare
Apply for the loan Citizens Student Loan for Undergraduates (Fixed & Variable Rates) Citizens Student Loan for Undergraduates (Fixed & Variable Rates) Fixed
Variable
4.740%
3.750%
12.060%
11.210%
6 months

Discover Student Loans

Discover Student Loans helps students cover costs at colleges and graduate schools across the country. We believe in responsible borrowing and encourage students to maximize scholarships, grants and other free financial aid before taking loans.

Product Name Rate Type APR Min APR Max Grace Period Compare
Apply for the loan Discover Undergraduate Loan (Fixed and Variable Rate) Discover Undergraduate Loan (Fixed and Variable Rate) Fixed
Variable
5.490%
4.490%
13.990%
14.090%
6 months