Private Loans

Private loans are non-federal educational loans. These are typically offered by private lenders (educational financing institutions and banks) to assist with educational and living expenses not covered by other financial aid. Usually, you may borrow up to the cost of education minus all other financial aid you receive. They can help fill the gap when you have exhausted your federal loan eligibility or do not qualify.

We urge students to consider borrowing from federal loan programs before taking out a private loan. If you are not sure if you qualify for a federal loan please contact our office.

The decision to take out a private loan should be carefully reviewed. We encourage you to review your expenses and explore other sources of financial aid first. If you decide to borrow a private loan you will need to choose a lender and complete the application process online. The lender will run a credit check and collect the proper documents from you before the funds can be disbursed to your student account. Many students are required to apply with a credit-worthy-co-signer.

Click here for more information and instruction on how to apply.