Main Content

Private Loan Information

This is to advise students that there are considerably more advantages to applying first for the Federal Direct Loan Program, which includes subsidized and unsubsidized loans, before applying for a Private or Alternative Loan.

The terms and conditions, such as the interest rate, interest accrual, fees, repayment terms, and deferment situations of the Federal Direct Loan Program generally are more favorable than those of the Private/Alternative Loan. Some Private/Alternative Loans are now requiring interest payments be made while in school.

Click here to learn more about private loans and how to apply