TU’s Student Financial Services encourages students to pursue all available sources of financial aid first, including grants, scholarships, federal loans, and employment before borrowing a private loan.
We are providing you a current and comprehensive list with parameters of all lenders commonly used and chosen by our student population within the past three years.
Links to these lenders’ websites are provided in alphabetical order below to give you some insight to each of their specific benefits, eligibility requirements*, terms and conditions (as they are subject to change), and disclosure information. There are many private loan lenders; borrowers may use this list as a tool to help choose a lender. You have a right to choose any private loan lender. If you wish to choose a lender not on this list, please provide the lender information to Student Financial Services Loan Specialist, Sherra Goodson (email@example.com).
Applicants must complete and submit a separate online loan application with the lender to apply for preapproval and initiate the loan process. These non-federal loans are offered by a variety of banks and other lenders (credit unions) and are approved on credit worthiness. Interest rates and fees will vary depending on your credit score and the usage of a cosigner. Cosigners can be used to either reduce the interest rate or help obtain a loan due to credit problems. It is your responsibility to research the lender’s interest rate options, terms and benefits offered and eligibility requirements.* The lender will communicate with you via email or mail as they guide you through their application process. A delay in providing additional information needed by the lender could affect how quickly you receive your private loan funds. Be prepared to wait two to four weeks for the loan to be processed through our office.
*Eligibility requirements may include, but are not limited to, attending at least half-time, making Satisfactory Academic Progress (SAP), being currently enrolled, becoming a member, etc. It is in your best interest to check the lender’s website for specific requirements before applying for a loan. If the lender’s requirements are not met, the school will not certify the approved private loan.