montage

Financial Aid

Private Loan Options 

Embry-Riddle Aeronautical University is committed to seeking the best private loan products to fit our students' needs.  Each year we request information from many lenders in order to find products we can recommend. While these are not the only loan options, we've found that they may best suit our students' needs.
View a loan comparison chart. 

REPAYMENT SUMMARY

 

Campus Door
UG Loan

Chase Select

CitiBank
CitiAssist

 KeyBank
Key Alternative

Loan Amount  $10,000  $10,000  $10,000  $10,000
APR
(as of 12/06)		 Lowest:
6.98%

Average:
8.22%		 Level 1:
8.25%

Level 5:
12.97%

Super: 7.20%
Excellent: 7.85%
Good:   8.49%
Fair:   10.15%

 Cosigned:
 8.00%

No Cosigner: 
 8.47%
Finance Charge  Lowest: 
 $10,540

Average:
 $14,339		 Level 1:  $10,182

Level 5:
$21,969		 Super:      $  9,424
Excellent: $10,569
Good:       $11,759
Fair:          $15,155		 Cosigned:      $10,436

NoCosigner:
 $11,275
Monthly Payment Lowest: 
  $ 171

Average: 
 $ 203		 Level 1:
  $ 168

Level 5: 
 $  266		 Super:      $ 162
Excellent: $ 171
Good:       $ 181
Fair:          $ 210		 Cosigned: 
 $170

No Cosigner: 
$ 177
Total Cost of Loan Lowest:
 $20,540

Average:
  $24,339		 Level 1:
  $20,182

Level 5:
 $31,969		 Super:      $19,424
Excellent: $20,569
Good:       $21,759
Fair:          $25,155		 Cosigned:
  $20,436

No Cosigner:  
 $21,275

Assumptions:  54 month in-school and grace period (if applicable).  Interest rate as of December 2006; 10 year repayment period.  All information provided by the lenders.

Campus Door Loan 800-786-0002
Chase Select Loan 866-306-0868
 CitiAssist 800-967-2400
Key Bank Alternative Loan 800-539-5363