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 vafa@excelsior.edu.

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 and consult your financial advisor for more information.

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.

Please 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 website and find out what information your cosigner will need to provide before you apply.
  • Applying with a cosigner may reduce your interest rate.