Private Loan Programs

If you’ve exhausted all your low-cost funding options and still have educational expenses to cover, consider private student loans. Generally, these are not need-based loans, but rather loans based on such factors as creditworthiness and stability of income, residence, or employment, and must be repaid.

Read our Loan Disclosure page for important information about choosing a private lender.

You may be able to deduct the interest you pay on a qualified student loan from your United States income tax. Read the IRS publication Tax Benefits for Education (PDF) and consult your financial advisor for more information.

If the loan program you have chosen requires verification of admission, enrollment status, or education costs please email our financial aid office at finaid@excelsior.edu.

Note: You may need 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.