Private Loan Programs
Learn about student loans and other programs available from private sources.
Facts about private loan programs:
- Federal loan programs for undergraduates or graduate students may provide you with better terms and conditions.
- Before you borrow, pursue other types of financial aid, including outside agency scholarships.
- Remember that borrowing money is a serious responsibility: You must repay loans with interest.
- You don't need to file a FAFSA to obtain loans from private lenders.
- Read more about loans.
Find private loans for both undergraduate
and graduate/ professional students:
- Select a lender from one of the UC lender lists for private loans.
- Carefully review the benefits and repayment terms before you select a lender.
- Follow the instructions provided by your selected lender, who will notify you of your loan application status and any approved amount.
- You must sign a promissory note (a document that confirms your agreement to repay the loan), and sign the Application, Approval, and Final Disclosures.
- You must complete a Private Education Loan Applicant Self-Certification.
- Interest rates, fees, and payment terms will vary between lenders. Most lenders require payments to begin 6-9 months after graduation (or leaving school).
- Please note that federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.
Contact your private loan lender.