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Private Loans

Private educational loans are administered by private lenders and there are a variety of lending institutions that offer these.

NOTE: You should first apply for a Federal Direct Loan, a Federal Direct PLUS Loan or the Federal Direct Graduate PLUS Loan and then, if additional funding is needed, apply for a private educational loan.

Please allow at least four weeks from the start of the application process to disbursement of funds:

  1. You may choose to use any lender that offers a private educational loan. You may want to contact the bank or credit union with whom you do business.
  2. You will need to conduct you own research to find the best private educational loan for your needs as you apply directly through the lender.
  3. Once approved for an alternative loan, Santa Clara University will review the loan for certification. This process includes confirming enrollment, verifying the eligibility and the requested borrowing amount.
  4. Private educational loan funds will be disbursed in accordance with our disbursement schedule once all necessary paperwork has been completed.

As you are considering financial aid programs, you may want to learn how to apply for financial aid, how we determine financial aid, the costs and other consumer information.