Historical Lender List

Following is an alphabetical list of lenders from whom Tepper School graduate students have borrowed education loans in the past three to four years and which are still offering education loans to enrolled students. We encourage federal-aid-eligible students to compare private education loan costs and benefits with those of federal loans before deciding to borrow a private education loan. Federal loan benefits include various repayment options, deferment and forbearance options, loan forgiveness/cancellation options, death and disability benefits, etc., and may be viewed via https://studentaid.ed.gov/sa/types/loans/federal-vs-private.

Students may choose any lender they wish without penalty or consequence (even those lenders not indicated below in our historical list). This list does not constitute an endorsement or recommendation of any of the lenders or their loan products and/or services.

Historical Lender List   

 Lender  Phone   School Code
 Ascent Student Loans
 Citizens Bank  1-800-708-6684  003242-02
 College Ave Student Loans
 CommonBond  1-877-654-5264  003242-02
 Digital Federal Credit Union
1-800-328-8797 003242-02
 Discover  1-877-728-3030  003242-02
 DRB Education Finance  1-855-245-0989  003242-02
 Navy Federal Credit Union
 PNC Bank  1-800-762-1001  003242-02
 Prodigy Finance  +44-(0)20-7193-2832  003242-02
 Sallie Mae  1-866-972-5004  003242-02
 Wells Fargo  1-877-451-5039  003242-02


It is very important to select the correct school or school code when you first apply for the loan. In most cases, when you select your school, you will have two Carnegie Mellon University choices (Carnegie Mellon University and Carnegie Mellon University - Tepper School). If the Tepper School selection is unavailable, please do not select one of the other Carnegie Mellon options. Rather, call your lender to advise them of the correct Tepper School code of 003242-02.


Be sure prior to submitting a loan application to a private lender that the loan you are applying for is open to you as some private education loans are only available to undergraduate students, are based on availability of funds, etc.


In order to determine which loan is best for you and/or to apply for a private loan, contact individual lenders. Ask your lender questions like:

  • Is a cosigner required? Can I get a lower interest rate if I have a cosigner? Can my cosigner be released at a future date?
  • Is the loan open to internationals students?
  • What is the interest rate on the loan? Is it a fixed or variable rate?
  • Do I have to pay a loan origination fee? If so, how much is the fee?
  • Do I have to pay an application fee? If so, how much is the fee? Is the application fee refundable if the loan is denied?
  • Does the lender limit the amount you may borrow?
  • Are there any “borrower benefits” like discounted rates for on-time payments, etc.?
  • Is there a death and disability benefit?
  • How long do I have to repay the loan?
  • Is there a penalty for paying off my loan early (a prepayment penalty)?
  • When does repayment begin? Do I need to make payments while in school?