Additional Loan Options
These are private education loans from PNC Bank that are available after Title IV aid options have been exhausted. (See Financial Aid staff for details about
RN and PN Programs:
The PNC Solution Loan for Health Professionals is available.
Acupuncture and Massage Therapy:
The PNC Solution Loan is available.
NOTE: Interest rates for these loans are variable. This is a private education loan and you must be approved for it.
Code of Conduct and Disclosure
AIAM selects the lenders we place on our recommended lender list based solely upon our determination that those lenders will offer excellent customer service and competitive rates to our students.
While the US Department of Education (ED) establishes the interest rate for all Federal Family Educational Loan Program (FFELP) Loans, the lenders that AIAM recommends may offer special borrower benefits that can reduce the interest rate and/or the balance of the loan.
Please note that AIAM recommends certain lenders solely in an effort to assist students and their parents to sort through the numerous lending options that exist. Students have the right and ability to select the education loan provider of their choice, are not required to use any of the lenders on AIAM’s recommended lender list, and will not be penalized for choosing a lender that is not on AIAM’s recommended lender list.
AIAM is proud to adhere to the following Code of Conduct and to make the following disclosures:
AIAM Does Not Receive Financial Benefit from Recommended Lenders.
AIAM does not accept anything of value from any lending institution in exchange for the lender’s inclusion on AIAM’s recommended lender list. AIAM does not receive revenue from lenders based on the volume of our students who may use that lender.
Advisory Board Service
AIAM employees with responsibility for financial aid work may not serve on the advisory board of any lending institution.
Preferred Lender Guidelines
AIAM creates its recommended lender list solely to serve the best interests of the students who may use the list, without regard to financial interests of AIAM.
Preferred Lender Disclosure
AIAM uses the following criteria and process to select recommended lenders for the 2011-2012 academic year and beyond. AIAM continually reviews and evaluates lenders throughout the year. A final decision is made in late fall of which lenders will be included on the College’s recommended lender list for the following academic year. Lenders that have offers that AIAM deems to be beneficial to students are asked to return with a formal proposal. AIAM judges lenders based on the following criteria: loan terms; rates; borrower benefits; processing procedures and technology; guarantee and servicer relationships; performance history, and disbursement capabilities.
Loan Resale Disclosure
AIAM will not place a lender on its recommended lender list unless the lender agrees to disclose to students at the time of the loan any pre-existing agreement to sell the loan to another lender.
Outside Employee Restrictions
AIAM does not authorize any employees or agents of lenders to represent or identify themselves to students as employees of AIAM. No employee or agent of a lender, servicer, or guarantee agency may work in or provide staffing to the AIAM financial aid.
AIAM does not accept so-called “opportunity loans.”