Private Loans

These loans have a competitive interest rate and are provided by a private funding source to cover educational expenses beyond what is covered by federal loans. The eligibility for these loans is determined by the borrowers (and co-borrower’s) credit history. Then lender determines the repayment terms and conditions of these loans. The student must be a U.S. Citizen, a U.S. national, or a permanent resident and must be creditworthy. International students are eligible with a creditworthy cosigner (who must be a U.S. Citizen or permanent resident) and appropriate U.S. Citizenship and Immigration Service documentation. 

Private loans are not insured by the federal government, and their repayment terms vary by lender. Angeles University encourages students to first explore federal and state grants and loans, and to carefully consider anticipated monthly payments alongside expected future earnings before pursuing a private education loan.

Federal student loans are required by law to offer a range of flexible repayment options and loan forgiveness benefits; which private student loans are not obligated to provide. The U.S. Department of Education offers an online student loan repayment estimator at:

https://studentaid.gov/loan-simulator

Angeles University does not recommend specific private lenders. Students may choose to borrow from any lender and are encouraged to thoroughly research and review each lender’s terms and conditions before making a final decision.

Below are examples of lenders previously used by Angeles University students. Please review each lender’s terms and conditions carefully:

https://www.salliemae.com/student-loans/nursing-school-loans/ https://www.collegeave.com/student-loans/