A variety of private education loans are available to Susquehanna students, although we advise you to pursue federal education loans first since they carry lower interest rates that may be tax-deductible. Compare PLUS and Alternative Loan options here.
For families who wish to borrow through a private loan program, our staff is available to sort through the options and evaluate which loan may make sense for a particular situation.
Click here to access our private loan preferred lender list
Private loans exist for both student and parent borrowers with most lenders offering both fixed and variable interest rates. The below outline is provided to help guide your process of securing a private/alternative education loan. We encourage you to consider all gap financing options before making a decision that meets the needs the needs of your family.
Be sure that you have first secured the maximum amount possible from the Federal Direct Loans. If you still need additional financing:
Please note that this process may take up to five weeks to complete. 应用 early in order to receive your loan funds at the start of the semester.
For information and/or application materials, please contact 学生 Financial Services.
We have developed a preferred list of private loan lenders based on a survey sent to 15 lenders who have been actively lending within Pennsylvania for at least five years.
Interest rates and fees for private loans vary from lender to lender based on the credit of the individual borrower and cosigner. We recommend that you apply for one or more private loans before deciding which type of loan is best for you. 应用ing for a private student loan does not obligate you to accept it.
We evaluated lenders based on pricing, technology and customer service, as well as our experience with these lenders. A committee reviewed the data and developed the list of lenders, which is evaluated and updated annually.
Our suggested lenders
You are not required to select a lender from our preferred lender list. If you select a different lender, call 学生 Financial Services at 570-372-4450.
Lenders and schools will provide a self-certification form as part of the application process for a private student loan. The loan application will not be complete until all forms and disclosures are signed by the borrower and co-borrower.