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 but require a credit-worthy co-signer. Be sure you know the interest rate and fees before you take out any private loans. The interest rate will be based on the credit-worthiness of your co-signer.
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. We recommend that you wait until May 1, 2009 to apply for any private loans for 2009-10 so that they credit check does not expire before the loan is processed.
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.
Loans
