Private Loans
Private education loans are offered by many lending institutions to assist students and their families with meeting college expenses. These programs are designed for undergraduate and graduate students, parents, and international students. Students considering a private education loan program should carefully consider the terms and conditions of the loan.
The maximum amount a student may borrow per academic period is the total cost of attendance budget minus all financial aid received. It is recommended that borrowers use their potential federal loan eligibility prior to exploring private education loans. In a typical academic year, private education loans are disbursed in two installments. When the academic period is for one semester or for the summer term, one disbursement is permitted at the beginning of the term. During the regular academic year (fall/spring semesters) funds cannot be disburse more than 10 days prior to the first day of class. For the summer term, funds cannot be disbursed more than 10 days prior to the first day of class. Due to credit expiration timeframes, students should avoid applying more than 90 days prior to the start date of classes.
For your convenience, we have provided a list for you to compare and contrast different lenders. ELM Select (new window) is a third party site that provides a neutral comprehensive list of private education loan lenders that Georgetown University students have borrowed from within the past three years, listed in random order. Georgetown University does not endorse, recommend, or promote any of the listed lenders. You are not obligated to borrow only from the lenders listed. Georgetown University will process alternative loans from lenders who are not listed.
Students enrolled in degree seeking programs with the School of Continuing Studies should email scsfinaid@georgetown.edu to request certification of approved private loans.
Below is a comprehensive list of lenders that Georgetown students have borrowed from in the past three years:
- Affinity Plus Federal Credit Union
- Alaska Student Loans
- Alliant Credit Union
- Apple Federal Credit Union*
- Ascent Funding
- Bank of North Dakota Student Loans*
- Bank-Fund Staff Federal Credit Union
- Baxter Credit Union*
- Citizens Bank
- Citizens Equity First Credit Union
- College Ave Student Loan
- Connecticut Higher Education Student Loan Authority
- cu Student Loans
- Day Air Credit Union*
- Democracy Federal Credit Union*
- Digital Federal Credit Union
- Earnest Student Loans
- Everett Credit Union*
- Georgia’s Own Credit Union*
- GESA Credit Union*
- Georgetown University Alumni and Student Federal Credit Union
- Holy Rosary Credit Union*
- Iowa Student Loans
- Liberty Bank*
- Maine Education Loan Authority
- Massachusetts Educational Financing Authority
- Midwest Bank of Western IL
- Minnesota Office of Higher Education*
- MPower Financing
- NASA Federal Credit Union
- Nelnet Bank
- NJ Class
- Northwest Federal Credit Union*
- Nutmeg State Federal Credit Union
- PNC Bank
- Prodigy Finance
- Rhode Island Student Loan Authority
- SAFE Credit Union*
- Sallie Mae
- Sixup
- Social Finance – MBA Loan
- Thrivent Federal Credit Union
- Union Federal Private Student Loan
- Unitus Community Credit Union*
- USC Credit Union*
- Vermont Student Assistance Corporation
*Lender does not participate with ELM Select. Please contact the lender directly for its most current student loan information.