ANOTHER AVENUE FOR FUNDING
Private educational loans are provided by outside, non-federal lenders to pay the difference between the cost of attendance and the total of loans and grants received under federal financial aid programs or other tuition assistance programs.
The lender determines your eligibility, the terms and conditions, and the amount of these credit-based funds, but private educational loans may not exceed the cost of education minus other aid. The Federal Government does not subsidize or guarantee private loans.
RESEARCH YOUR OPTIONS THOROUGHLY
For guidance on private loans, several Web sites can be a helpful first step in your evaluations. Two such sites are listed below. For possible rates, terms, and services, we encourage you to visit the lender’s websites.
- Student Lending Analytics
DON’T OVERLOOK FEDERAL FINANCIAL AID
You may qualify for loans or other assistance under Title IV ( Federal financial aid). The terms and conditions of these loans are often more favorable than the provisions of private education loans, so do your homework—visit studentaid.ed.gov for more information on Federal financial aid programs.
CONSULT WITH YOUR OWN ADVISORS
We are committed to providing the best customer service and information however you finance your education, but Strayer University is not a lender and is not providing legal, accounting, or financial planning services. Any agreements you enter into with lenders exist solely between the you and the lender, and the University recommends students consult with their own advisors before making any educational financing decisions.