Private Loans
After exhausting the opportunities available from the federal aid programs, students may consider private loan programs as a source of funding.
The terms and conditions of these credit-based loan programs vary, and as such, students are encouraged to review the details of the programs before selecting a private loan program. Private loans are not eligible for loan consolidation programs made available for federal student loans. Interest rates, fees (both at the time of borrowing and at repayment), credit checks, and annual and aggregate loan limits require careful evaluation by the student as a consumer.
As always, taking on debt for any reason should be done deliberately and only for the amounts needed. Additional information is available from the Department of Education website, studentaid.gov.
Suggested Private Loan Programs (Students)
The lenders included in the tools below have made loans to Notre Dame students in the past and offer:
- Competitive interest rates
- Limited fees and/or borrow discounts during repayment
- Electronic application processing and fund delivery
- Loan servicing until paid in full
- Excellent customer service
- Long-term commitment to educational financing
The lenders are listed randomly. Students are not required to borrow only from one of the loan programs shown in the tools below and are encouraged to review the terms and conditions of each program prior to selecting a lender. The criteria listed above will be reviewed periodically to determine if loan programs may be added to, or removed from, the list of programs.
To assist in your selection of an appropriate private student loan, we suggest you use the tools below.
INvestEd Marketplace - All students
Elm Select Loan Comparison Tool - Undergraduate
Elm Select Loan Comparison Tool - Graduate Students
Elm Select Loan Comparison Tool - Graduate Business Students
Elm Select Loan Comparison Tool - Law School Students
Suggested Private Loan Programs (Parents)
The lenders included in the tools below have made loans to Notre Dame parents in the past and offer:
- Competitive interest rates
- Limited fees and/or borrow discounts during repayment
- Electronic application processing and fund delivery
- Loan servicing until paid in full
- Excellent customer service
- Long-term commitment to educational financing
The lenders are listed randomly. Parents are not required to borrow only from one of the loan programs shown in the tools below and are encouraged to review the terms and conditions of each program prior to selecting a lender. The criteria listed above will be reviewed periodically to determine if loan programs may be added to, or removed from, the list of programs.
To assist in your selection of an appropriate private student loan, we suggest you use the tools below.