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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.

How much can I apply for?

Instead of asking "How much can I apply for?" consider how much you really need.  The answer to this questions is going to be different for each student based on your cost to attend NDSU (tuition, room and board, books, etc.) and the financial aid you are already receiving.  Students should only borrow what is necessary to cover college costs.  There is a maximum amount students are allowed to apply for; below are the steps to determine what the maximum private loan amount is for the academic year (fall/spring) and summer semester.

Step 1 - Campus Connection Login

Log into Campus Connection.  The login page will look like the image below.

NOTE - You must complete the NDSU New Student Setup to activate your User ID, or you will be unable to log into Campus Connection. Follow the step-by-step instructions to activate your Campus Connection User ID. The normal format for this ID is firstname.lastname.  If you are unsure whether or not you have claimed your User ID, check through the Have I Claimed My Account page.

If you have previously attended another North Dakota University System (NDUS) institution you may already have an existing Campus Connection User ID. Please continue using this existing User ID to access Campus Connection at NDSU.

If you experience problems or have questions about your System ID, please call the N.D. University System Help Desk at 866-457-6387 or submit a Help Desk ticket:

Step 2 - Campus Connection Main Page

Once you have logged into Campus Connection, click on Student Center on the left hand side bar.


Step 3 - Select View Financial Aid

Click on the View Financial Aid Link on the lower left hand of your Student Center.

Step 4 - Select Aid Year

Click the appropriate year in the "Aid Year" column on the left side of the screen.

 Step 5 - Financial Aid Summary

Click on Financial Aid Summary on the lower left side of the page.

Step 6 - Determine Maximum Private Loan Amount

Subtract Total Aid from Estimated Financial Aid Budget to determine the maximum private loan amount you are eligible to borrow for either the Academic Year (fall/spring) or Summer.  If this amount is not enough to cover your expenses, you may want to consider applying for a Budget Increase.

Example:  In the graphic below the student has a Estimated Financial Aid Budget for Summer of $12,246 and Total Aid of $4,000 which means the maximum private loan amount they could borrow is $8,246.

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.

Student Focused. Land Grant. Research University.

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North Dakota State University
Phone: +1 (701) 231-6200 / Fax: (701) 231-8297
Campus address: Memorial Union 176
Physical/delivery address: 1401 Administration Ave., Fargo, ND 58102
Mailing address: NDSU Dept. 2836 / PO Box 6050 / Fargo, ND 58108-6050
Page manager:One Stop

Last Updated: Friday, April 20, 2018 10:52:59 AM
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