学生 who find they need more financial assistance than is offered in the financial aid award prepared by the 学生财务服务 Office may want to consider a private education loan. These loans allow students to borrow up to their total cost of education less any financial aid they have been awarded.
Because Federal Direct student loans offer better loan terms, 更多还款选择, 在某些情况下, eligibility for cancellation of some of the loan principal, students are encouraged to maximize their eligibility for federal loans prior to applying for private loans.
资格 for private educational loans is credit-based; it is not based on need. Interest rates are generally variable and interest accrues while the student is in school. 一般, repayment of the loan can be deferred until the student leaves school or drops below half-time enrollment.
Eligible students may annually borrow up to the total cost of attendance, 减去收到的任何经济援助. 学生 who receive need-based financial aid may use private loans to replace some or all of their expected family contribution and/or unmet need.
Most private educational loans require the borrower to be a degree-seeking student who is registered at least half-time (six hours as an undergraduate; 3 hours as a graduate student). 然而, 部分民办教育贷款, 被称为“继续教育贷款”," are available for enrollment that is not degree-seeking and/or is less than half-time.
To ensure that the amount needed is available when it is needed:
Most lenders participate in ELM, an automated web-based certification system. 学生 should ask their lenders if they participate using the ELM process. 如果有的话, the student's loan certification will be posted electronically on ELM for certification by the 学生财务服务 Office. If a lender doesn't participate through ELM, the student's application will be completed as a paper document that is submitted by the lender to the 学生财务服务 Office for certification. For this reason, processing paper applications and certification generally takes longer.
Credit balances on the student accounts of students who apply for loan amounts in excess of the total due to BG大游 will be refunded to those students.
感兴趣的学生可以去 私人贷款机构名单 for more information including a comparison of interest rates, fees and other incentives lenders provide.
For information about how lenders were selected for this list, please review the 私人教育贷款政策. Please note that the Office of 学生财务服务 does not recommend a specific lender or lenders. This list is offered as a way for students to compare their private lending options after they have fully investigated their federal student loan eligibility. The 学生财务服务 Office will certify a private educational loan for any lender a student selects, regardless of whether or not that lender appears on this list and regardless of whether or not the student has chosen to apply for federal loans or other financial aid.