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Private Loans

We strongly recommend that students take advantage of the Federal Direct Loan program before opting for private loans, which generally have higher interest rates and higher fees than federal 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 Financial Aid Office, 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. These loans are not inexpensive and borrowing under these programs is recommended only after other sources of financial assistance are exhausted.

If you have questions, please contact the Financial Aid Office.

Student Employment

The Office of Student Employment helps students find employment on campus, regardless of whether they receive Federal Work Study as part of their financial aid package. Find out more about student jobs.

Contact Us

(804) 289-8438
finaid@richmond.edu
Fax: (804) 484-1650
 
Queally Center, Suite 214
28 Westhampton Way
University of Richmond, VA 23173

Open weekdays, 8:30 a.m.–5 p.m

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