Some private lenders, such as banks, credit unions or other organizations, offer educational loans. Make sure you evaluate the interest rate and repayment terms carefully before taking out a private loan. Federal loans often have more advantageous terms. Also remember that you can borrow less than what you are offered. Talk to your admissions officer or Student Financial Services representative to find out how much you need for each quarter of tuition.
Compare loans to make an informed choice
FASTChoice, powered by Great Lakes loan guarantor and processor, helps you choose the right loan by presenting you with loan details, including eligibility requirements, interest rates, loan limits and borrower benefits. FASTChoice provides comparison tools for a variety of private educational lenders previously utilized St. Ambrose students.