Private Student Loans
Students applying for aid may consider a variety of resources. Post University encourages students to utilize Federal Student Aid options prior to seeking private loan resources. To learn more about applying for aid please visit https://studentaid.ed.gov/sa/fafsa.
Students who need additional funding after all other sources of aid have been exhausted may consider private student loans. Many financial institutions such as banks and credit unions and other third party lenders offer private or alternative student loans options. Unlike Federal Student Loans, private loans are subject to a credit review and individual lender terms and conditions. These loan programs may offer competitive interest rates and terms. To understand the differences between federal and private student loan options, please visit Federal Versus Private Loans provided by U.S. Department of Education. Students should explore and compare interest rates, fees and repayment options before accepting any private student loan.
Students may choose to use any eligible lender that offers private loans. The University does not recommend a particular lender nor does it maintain a list of preferred lenders.
Several resources are available to assist students in searching for a private student loan. An historical listing of private student loan products utilized by Post University students may be found by visiting Elmselect.com. Students may also visit Finaid.org.
If you have concerns about your private student loan, the Consumer Financial Protection Bureau’s private student loan ombudsman may be able to assist you. When considering any type of student loan as a source of funding, Post University encourages students to borrow responsibly and request only what is needed to minimize future debt.
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