Private Loans

Private loans are offered by private lenders to provide funds to pay for expenses related to your educational. Students should generally consider federal student loans first, and then take out a private student loan if additional funds are needed. Federal student loans generally carry lower interest rates and feature more favorable repayment terms. Alternative loans are offered by such private organizations as banks, credit unions, and state-based or state-affiliated organizations. They include terms and conditions set by the lender.

Your credit, and your co-signer’s credit, are evaluated along with other details provided on your application. Because many traditional aged students do not have enough credit history or income, applying for a private student loan with a creditworthy co-signer may improve your chances for approval and can help get you a better interest rate.

Applying for a Private Loan

It is very important to begin the alternative loan application process in a timely manner. You should apply for your loan at least 30 days prior to the semester payment deadline to ensure that your loan will be processed before the payment is due.


Searching for a loan program that best fits your needs may be difficult. That is why we have partnered with ELMSelect to simplify the process of comparing lenders and their products. Here, you can compare rates, terms and even complete an application. You can start comparing lenders by using the links listed below.

The organizations listed have been utilized by our students during recent academic years. Should you choose a lender or program that is not on this list, please know that we are happy to work with any lender or program. You have the right to select a program that is the moat optimal fit for you and your family.

Undergraduate Students

Parent Loans for Undergraduate Students

Graduate Students