Lender-sponsored private loans
Private loans are an option that some families use to help pay for college. With tight credit policies students should expect to need a co-signer.
University of Northwestern has a preferred lender list that was developed from these criteria:
- The desire of the lender to assist borrowers from excessive borrowing or facing default.
- The ability to demonstrate the stability of their private loan program into the future.
- Provide exceptional levels of customer service and offer current technological opportunities for easy application.
- A history of familiarity with both our institution and our borrowers (name recognition).
Students are free to select any lender for their private loan needs, and University of Northwestern will work diligently with any lender chosen. There is no penalty for choosing a lender outside of the preferred list.