Private Loans

Private Educational Loans – Graduate Students

Graduate students who need additional funding beyond federal student loans—or who do not qualify for Federal Direct or Graduate PLUS Loans, or have reached federal loan limits—may apply for a Private Educational Loan (sometimes called an Alternative Loan).

Key Features

Unsubsidized: Interest accrues immediately upon disbursement.
Coverage: Can be used for tuition, fees, and in some cases, previous outstanding balances to the University, depending on the student’s last enrollment period.

Application Deadlines

Fall Semester: November 15, 2025
Spring Semester: April 15, 2026

Application Process

Students may use ElmSelect, the University’s third-party loan management platform, to compare lenders, loan terms, and interest rates.
The University does not provide preferences or recommendations for specific lenders.
Students are encouraged to contact lenders directly with questions about terms, rates, or eligibility.

Assistance

For guidance on private loans or to learn more about available options, graduate students should contact the Financial Aid Office.