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Private Loans

Alternative student loans should only be considered after first applying for federal student aid, using the Free Application for Federal Student Aid (FAFSA).

Choosing the Right Loan

In determining which loan is best for your needs, it is important to research and compare loan interest rates and fees, repayment options, and eligibility requirements.  A private loan may be an appropriate choice for you, if:

  • You have applied for the maximum amount of all federal loans suggested to you and still have a difference between the cost of attendance and the total financial aid you have received.
  • You are a dependent undergraduate student and your parents will not borrow (or have been denied) a Federal PLUS Loan.
  • U.S. government regulations make you ineligible for a federal loan. You may still qualify for a private loan because such programs are not bound by the same federal restrictions. For example, if you are not making satisfactory academic progress, are in default on a federal loan, did not respond to verification requests, are enrolled for less than 6 credit hours, or are ineligible for federal loans for other reasons, you may be eligible for private loans instead.
  • You owe a balance from a previous semester. You may be able to receive a private loan for an earlier loan period.
  • You are an international student with limited borrowing alternatives.

Visit http://www.studentlendinganalytics.com/alternative_loan_options.html to explore your private loan options. Most lenders require the school to certify the loan. To avoid delays in processing, complete and return all required forms to your lender.

Your lender will also require the Private Education Loan Applicant Self-Certification Form. You can obtain the school information needed to complete the form by calling our office at 303-492-5091 or viewing your financial aid information in the student portal.

TIP:  To avoid deceptive student loan offers, visit the Federal Trade Commission’s Facts for Consumers.