Private Loans

Private loans are are credit-based, educational loans from lenders such as private banks and are available to students enrolled in an eligible program on at least a half-time basis. The maximum annual loan is the Cost of Attendance, as established by the Office of Financial Aid, minus any financial aid that the student may receive.

These are credit-based loans and a poor credit history will prevent borrowing under these programs. Interest on these loans begins to accrue on the date of disbursement, and interest and principal payments begin after graduation.

There are many different private loan products on the market. You may use any lender of your choice for a private loan.