Private Loans

Private loans are designed to meet costs not covered by other forms of financial aid. Students are encouraged to pursue Federal student loans (if eligible) and outside scholarships before applying for private student loans.

Approval for private loans is based on an individual's creditworthiness. Students who do not meet a lender's credit qualifications may need to apply with a credit-worthy co-signer. Interest rates, grace periods, repayment options and fees are determined by the lender and can vary considerably from lender to lender.

Because these loans are approved by lenders based on your credit history, we strongly encourage you to review your credit report prior to applying. You may receive a free credit report at www.annualcreditreport.com. If you are interested in receiving your FICO score you can go to www.myfico.com and for a fee they will release your score.

Disbursements and Refunds

Private student loan funds are disbursed to the College as paper checks. You may need to endorse the check before it can be applied to your student account. All aid - including private student loans - must run through your student account. If the private student loan generates a credit balance on the student account, the Cashier's Office will refund the amount of the credit balance back to you, the borrower/student.

How to Apply

Please review our Guide to Choosing a Lender and apply online, directly with your lender.

Financial Planning Tools

Students considering a private loan may benefit from the following financial planning tools designed to assist with student loan debt management.

Edwise Financial Planning Guide

Mapping Your Future Financial Fitness Tools