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
