Eligibility for most of these programs is based on the creditworthiness of the borrower, and we recommend students apply with a creditworthy cosigner in order to receive the most favorable loan terms. Some private lenders also offer a parent loan option, which allows parents, family members or friends to help students cover education-related expenses so they can focus on their studies without having to worry about financing their education. As with any loan, be sure to review all information carefully and contact the lender directly with any questions related to specific terms and conditions. Before pursuing a private loan, you are encouraged to explore all options available to you by filing the FAFSA. Federal student loans may be more favorable than private education loans.
To assist you in the search for additional financial resources, we provide you with a private loan comparison tool, FAST Choice. FAST Choice provides a historical list of lenders our students have used over the last three academic years. This information is updated on an annual basis. Additionally, FAST Choice can help you understand how to plan for successful repayment of your private loan.
The private loan process has many steps and it is important that you allow up to four weeks from the time of your application until the loan disbursement is sent to UD. This can impact the status of your student account, so be sure to plan ahead. During the application process, the lender will send you three separate disclosure statements, as well as a 'self-certification form'. The Cost of Attendance information you need to complete this form can be found on your award notification letter or via the 'Award Overview' tab of your financial aid information on Porches. Please review the information provided by the lender carefully and contact the lender directly with any questions related to a loan program's specific terms and conditions and how they apply to you.
Please contact a financial aid counselor if you would like help determining the amount needed to cover your expenses.
FAST Choice provides a historical list of lenders used by students and other borrowers at University of Dayton within the last three academic years. The university does not endorse any lender, nor do any of the lenders compensate University of Dayton to be on this list.