Student Loans

Private student loans to enable students to pursue their higher education dreams.

PA Forward Student Loans

A Loan with Pennsylvania Students in Mind

Through the PA Forward Student Loan Program, the Pennsylvania Higher Education Assistance Agency (PHEAA) offers private education loan options for students and families pursuing higher education. PA Forward was designed for PA residents attending approved schools in or out of PA and students from an approved state (DE, MD, NJ, NY, OH, VA, and WV) attending an approved PA school.

The PA Forward Student Loan Program has the following benefits:

  • No application or origination fees
  • Low fixed interest rates
  • Multiple repayment options
  • Potential interest rate rewards
  • No prepayment penalty

Loan Types

Currently there are four loan types in the PA Forward Student Loan Program:

Undergraduate Loan

A loan designed specifically for students seeking an undergraduate degree, certificate, or diploma

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Graduate Loan

A loan designed specifically for students seeking an advanced degree such as masters, doctoral, law, health profession, or others.

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Parent Loan

A loan designed specifically for parents or guardians of dependent undergraduate students.

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Refinance Loan

A loan designed specifically for borrowers in repayment to manage their student loan debt with payment estimates

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Keystone Student Loans

Unlock a New Way to Pay for College

Through the Keystone Student Loan Program, the Pennsylvania Higher Education Assistance Agency (PHEAA) offers private education loan options for students and families pursuing their higher education dreams. Keystone Student Loans was designed for residents of New York, Maryland, Delaware, New Jersey, Ohio, West Virginia and Virginia attending approved schools in any state except for PA.

The Keystone Student Loan Program has the following benefits:

  • No fees
  • Low fixed interest rates
  • Multiple repayment options
  • Potential interest rate rewards
  • No prepayment penalty

Loan Types

Currently there are three loan types in the Keystone Student Loan Program:

Undergraduate Loan

A loan designed specifically for students seeking an undergraduate degree, certificate, or diploma

LEARN MORE / APPLY

Graduate Loan

A loan designed specifically for students seeking an advanced degree such as masters, doctoral, law, health profession, or others.

LEARN MORE / APPLY

Parent Loan

A loan designed specifically for parents or guardians of dependent undergraduate students.

LEARN MORE / APPLY

Looking to Refinance your Existing Student Loans?

PHEAA offers the PA Forward Refinance Loan to residents of MD, PA, DE, NJ, NY, OH, VA, and WV. There are benefits to refinancing with PA Forward, such as:

  • Lower monthly payments*
  • Get a lower interest rate**
  • One bill, one lender
  • No pre-payment penalties
  • Fixed interest rate
  • Different repayment terms to fit your personal situation***
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*Your payment could increase depending on the selected repayment term. 
**Interest rate depends on credit score and other factors.
***You could pay more interest over the life of the loan with a longer loan term.

Sallie Mae Student Loans

Student loans from Wayne Bank with Sallie Mae® higher education loans are designed for the needs of undergraduate and graduate students – Whether for borrowers attending or borrowing for a student attending a degree-granting institution.

  • Competitive Interest Rates
  • Multiple repayment options
  • No Origination Fees, No prepayment penalty1

Find out which loan is right for you here.

Get Started and Apply

Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank or a lender partner. Wayne Bank is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Smart Option Student Loan and graduate loan products: These loans are for students at participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify their identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

1 Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
© 2021 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

Plan Ahead & Be a Smart Borrower

The world of student aid can sometimes be difficult to navigate. However, it doesn’t have to be. We have gathered information that will make it easier for you to understand.

  • YouCanDealWithIt.com

    This website provides practical and easy-to-understand advice on how to deal with common financial situations facing today’s college students and recent graduates.

    Visit youcandealwithit.com

  • MySmartBorrowing.org

    Using this interactive tool you can create up to 4 different scenarios to see how your career and college choices may affect how much you pay for college and if you are at risk for overborrowing.

    Visit mysmartborrowing.org

  • EducationPlanner.org

    This career and college planning website provides practical and easy-to-understand advice to help prepare students for the important decisions they will face in the future.

    Learn More about EducationPlanner.org