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:
- 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.
- 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.
- 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.
- Private educational loan funds will be disbursed in accordance with our disbursement schedule once all necessary paperwork has been completed.