Private Loans

If students have exhausted all federal, state, and institutional forms of financial aid eligibility but still need additional resources to help meet their educational costs, a private education loan may be a viable option.

Lender search

The link below allows students and families to research and compare private education loan options from Kansas State University’s Preferred Lender List. The Office of Student Financial Assistance compiled this list based on a review process that considered a variety of factors, including interest rates and fees, borrower benefits, repayment terms and options, customer service, lender stability, electronic loan processing capabilities, and borrower experience information collected by the university.

The Preferred Lender List is provided as a resource for students and families to consider when evaluating private education loan options. Students are encouraged to carefully compare the terms and conditions of any private education loan before borrowing.

Students and families are not required to select a lender from the Preferred Lender List. Borrowers may choose any eligible private education loan lender. The university will work with lenders not included on the Preferred Lender List whenever possible and does not deny or impede a borrower’s choice of lender.

Private Loan Considerations

The terms and conditions associated with private education loans are often less favorable than those available through the Federal Direct Loan Program. Students are encouraged to fully explore their eligibility for federal, state, and institutional financial aid before pursuing a private education loan.

Eligibility for a private education loan is generally based on the creditworthiness of the borrower and/or co-signer. If approved by a lender, students may be eligible to borrow up to their cost of attendance for the loan period, less any other financial aid received.

If students decide to pursue a private education loan, it is their responsibility to select a lender and complete the lender’s application process.