Strayer University students may also apply for private educational loans, which are credit-based funds provided by outside, nonfederal lenders to pay for the difference between the cost of attendance and amounts receive through loans and grants under federal financial aid programs, or other tuition assistance programs.
The lender determines eligibility, terms and conditions, and amounts of private educational loans, but they may not exceed the cost of education minus other aid. The Federal Government does not subsidize or guarantee private loans.
Guidance on Private Loans
There are several Web sites providing lists of different private loan options that can be a helpful first step in considering whether to obtain a private educational loan. An example of these Web sites is provided below. Students are encouraged to visit actual lender websites in order to find the rates, terms, and services that are right for them.
Have You Considered Federal Financial Aid?
Students considering private loans should realize that they may qualify for loans or other assistance under Title IV (Federal financial aid). The terms and conditions of these loans may be more favorable than the provisions of private education loans. For more information on Federal financial aid programs, please visit http://studentaid.ed.gov.
At Strayer, we are committed to providing students the best customer service and information regardless of how they finance their education. However, Strayer University is not a lender and is not providing legal, accounting, or financial planning services. Any agreements entered into with lenders exist solely between the lender and the student, and the University recommends that students consult with their own advisors before making educational financing decisions.
Learn more Federal Financial Aid