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Alternate Private Loans

Borrow Wisely!

You are obligated to repay your loan regardless of whether you complete your education or find a job. Any amount you borrow will affect your credit and may affect your ability to borrow in the future. It is your responsibility to read, maintain records and contact your lender regarding any changes in your status.

Please read any private loan application completely. You must initiate an application with the lender you select. Most lenders allow you to apply online.

Private loans are available through Discover, Wells Fargo and Sallie Mae as well as others. In addition, information about the Graduate PLUS program, a new federal loan option which can substitute for a private loan, can be obtained by clicking here.

Private Loans can be riskier and ultimately more expensive than federal loans, including the GradPLUS. You may find the Business Week article here to be useful as you consider your options.


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