Private Loans
After all other financing options have been considered, private lenders have made available a variety of alternative educational loans for students. These are non-need-based, unsubsidized, variable interest rate loans that can provide funds for you to borrow to meet all remaining costs.
These are student loans and, if the student is credit-worthy, can sometimes be utilized without a co-signer. However, in most cases, the student can receive more favorable terms on an alternative loan if a co-signer is used. International students will always require a cosigner. The two private loan options available to international students in 2008-09 are CitiAssist and SELF.
If you need an additional loan and decide not to apply for a PLUS loan, please contact the Financial Aid Office for further information on your best alternative loan options.
View a lender comparison of available programs. All contact information and an application link for each lender is included.
If you are solicited directly by a lender to process a private loan without Financial Aid Office participation, be very cautious! Make sure you understand the fees and interest rates.
