Office of Financial Aid

Private lending institutions offer private student loans as an alternative aid option if additional funding is needed.  Before you consider borrowing a private student loan, we recommend you apply for federal student loans, which generally have better terms and could have lower interest rates.
You should consider a number of factors before applying for a private student loan. For your convenience, we have listed several of those factors below:

• Private student loans could have higher interest rate loans with interest that accrues while the student is in school.
• Students must have a good credit history to obtain private student loans. You may need a credit worthy co-borrower to receive a private student loan.
• The interest rate on your private student loan maybe variable and increase over time.

IU Northwest does not recommend any private education loan program. If you need help finding a lender please visit one following options below:

• INvestED Marketplace
• Elmselect

Cash Course

IU Northwest cautions students "loan debt can accumulate quickly and result in a lifetime burden of high payments”. To avoid these problems, read and understand the terms and conditions of all loans." To assist you with understanding the implications of your decisions, IU Northwest has partnered with CashCourse to provide students with free financial resources.