Private Student Loans
If federal aid, along with scholarships, state grants, tuition waivers and personal savings is not enough to cover your educational expenses, you may wish to consider borrowing a private student loan. Below you will find information which should help guide you are you decide whether a private student loan is right for you.
What is it?
Private student loans are non-federal, interest-bearing loans through private lenders. Approval is not guaranteed and the student may need a co-signer with good credit to apply. There are a variety of private student loans available and it’s up to the student and co-signer to choose the one that is best for them.
Who is eligibile?
Private student loans are available to undergraduate and graduate students. Lender requirements may vary; contact the lender directly for all eligibility requirements.
FASTChoice (Private Student Loan Comparison Tool)
NDSU offers an online private student loan comparison tool for you to use called FASTChoice. FASTChoice is designed to assist you in making the private student loan choice that is best for you. FASTChoice is not a lender. Please keep in mind that you may select any lender of your choice, even if they do not appear on FASTChoice.
Other Private Student Loan Options
There are other private student loan options. If your parents prefer to be the primary borrower of the loan rather than co-signer then you may want to consider the Federal Direct PLUS Loan . If you a North Dakota resident, you may meet the requirements for the Gabriel Brown Trust Loan.
Frequently Asked Questions
Here you can find a list of private loan frequently asked questions.
NDSU Financial Aid and Scholarships and its staff do not endorse or accept any incentives, financial or otherwise, from the lenders listed on FASTChoice. Lender information is provided as a courtesy and in no way should it be interpreted as a requirement to use one of the listed lenders. NDSU will process loans from any lender that participates in any educational loan programs.