Private Loans and Grants
Private student loans are generally available to any creditworthy borrower from banks, credit unions, and other lenders. Your ability to secure a private loan will depend on standard criteria such as your credit score, level of income, and stability of employment.
Read our Loan Disclosure page for important information about choosing a private lender. If the loan program you have chosen requires verification of admission, enrollment status, or education costs, please email our financial aid office at email@example.com.
You may be able to deduct the interest you pay on a qualified student loan from your federal income tax. Read the IRS publication Tax Benefits for Education (PDF) and consult your financial advisor for more information.
Use the button below to compare private loan providers approved by Excelsior College and used by our students in the past.
You can select a lender that is not listed. If you have a relationship with bank or credit union that is not on the list we will work with you to ensure you are able to use your chosen lender.
Note: A private lender may require you to apply with a cosigner in order to meet credit history, income, and employment requirements.
- The cosigner is required to sign the loan document, but you are the primary borrower.
- By signing, the cosigner agrees to be fully responsible for repaying the loan if you do not fulfill your obligations.
- Be prepared: go to the lender’s Web site and find out what information your cosigner will need to provide before you apply.
- Applying with a cosigner may reduce your interest rate.