PRIVATE Loan Options


Although it is not a requirement, Rutgers students are encouraged to complete a Free Application for Federal Student Aid (FAFSA) before applying for a private loan.  By completing the FAFSA or the Renewal FAFSA, you are applying for all of the aid programs for which you may be eligible, including federal direct Stafford Loans.  For more information please visit How to Apply For Financial Aid.  The FAFSA application is free, so why delay?  File now!

Private loans should only be considered after federal, state and university sources of financial aid have been  exhausted. Approval for these loans is usually contingent upon the credit-worthiness of the borrower, and amounts are limited to the student's cost of attendance for the enrollment period minus other anticipated financial aid.

Borrowers may use one private loan application for the entire Academic Year. Please select only ONE lender, as multiple applications will significantly delay the processing of your loan.

Remember, a private loan is an agreement between the borrower and the lender.  It is the borrower's responsibility to carefully manage his/her educational loans.  Many lenders offer on-line account management which allows the borrower to check loan status, view disbursement information, and monitor loan balances.

Rutgers University provides this private loan list as a service to its student body.  Rutgers University does not endorse any particular lender.  Visit the lender's website for individual term, interest rate and repayment options.  Please borrow conservatively.

Questions to consider when comparing private loans.

Loan Repayment Estimator

Federal Direct Parent Loan for Undergraduate Students (PLUS) or Call 1-800-557-7394

Federal Direct PLUS Loan for Graduate or Professional Students

Access Loans  or Call 1-800-282-1550

NJ CLASS Loans  or Call 1-800-792-8670

Citiassist Loans  or Call 1-800-745-5473

Rutgers USA  or Call 1-732-932-8117

Discover Student Loans  or Call 1-877-728-3030

Sallie Mae Loans  or Call 1-888-272-5543

Chase Loans  or Call 1-800-487-4404

Wells Fargo Loans  or Call 1-800-658-3567



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