Department of Finance — Preferred Lenders

Below is a list of the Preferred Lenders and their contact information. These lenders can show you ways to best finance your education.

Official School Credit Union
Tech Credit Union
Financial Services for Life
Merrillville Branch
Susan M. Lathrop, Branch Manager
7901 Grant Street
Merrillville, Indiana 46410
(219)791-0629

Chase - Consumer Banking
Merrillville Branch
Jennifer Roberts - Branch Manager
Jeffery D. Niebel - Retail Officer - Personal Banker
1837 East 80th Ave.
Merrillville, Indiana 46410
(219) 738-4254 or
(877) 226-5663

Standard Bank and Trust Co.
Personal Banker
579 W. Lincoln Highway
Merrillville, Indiana 46410
(219) 365-6131

SLM Financial a division of Sallie Mae (School Code 600860-01)

  1. Go to www.slmfinancial.com
  2. Click on "Schools and Students"
  3. Go under "Career Training Loans" and click "Apply Now"
  4. Then select a "State" Indiana
  5. Then come down to "School Not Listed Here" and click it
  6. Start Application

Two (2) Possible Scenarios Will Occur:

Scenario 1

SLM/Sallie Mae says your loan is approved. The lender will disburse all loan proceeds to you (the student), then it is the student's responsibility to pay their tuition and fees to the University on time. Indiana Dabney University is not the lender or a third party. Print a copy of the approval and submit it to IDU within 48 hours.

Scenario 2

If Sallie Mae says your loan is declined. Then the prospective student can reapply within 20 days with a co-borrower. The prospective student can reapply up to 3 times.

Note: If you apply for a loan without a cosigner and your loan is not approved, you can reapply with a cosigner. If you application is not approved with the cosigner you select, you can reapply with a different cosigner. You may apply up to three times.

It is the student's responsibility to pay their tuition and fees. SLM loan prospective students have 3 days from the disbursement dates to pay their program cost (prospective students should confirm their tuition dates with the campus). After 3 days, a late fee of $49 is added to their account. After the 5th day the student is removed from their program. The student would have to reapply to the school and acceptance is not guaranteed.