Private Education Loan Information
After exhausting the opportunities available from the federal aid programs, many students will consider private loan programs as a source of funding. As always, taking on debt for any reason should be done deliberately and only for the amounts needed. Additional information regarding the availability of federal student aid is available from the Department of Education publication, Federal Aid First.
We have chosen SimpleTuition to host our Private Loan Lender List. This decision was based on their ability to provide an in-depth loan comparison tool that will allow students to compare lenders according to overall cost, interest rate, and repayment benefits. If at anytime we feel it is necessary to make adjustments to the number of lenders represented on this list, we will do so. For more details on how lenders were selected to be a part of the Private Loan Lender list, please review our Lender Selection Criteria.
The terms and conditions of private loan programs may vary, and as such, students borrowers are encouraged to carefully review the details before selecting a private loan program. Borrowers may obtain a better interest rate by applying with a credit worthy co-signer. Private loans are not eligible for loan consolidation. Interest rates, fees (both at the time of borrowing and at repayment), credit checks, and annual and aggregate loan limits require careful evaluation.
As part of the application process, students will be required to complete the Private Education Loan Applicant Self-Certification Form, which is also available through each lender's website. Information needed to complete this form, such as cost of attendance, may be obtained from the student's Award Letter or via webCentral.
The University of Denver will certify loan requests from all lenders, including those that do not appear on the private loan lender list. We encourage students and families to exhaust all federal loan possibilities prior to seeking alternative loan financing as federal loans tend to offer more favorable terms and conditions.