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A private education loan is a non-Federal loan borrowed from a bank or lending institution. It is recommended that all other sources of financial aid be exhausted first.
We recommend that you and your family review all your funding options and then determine the best one/s for your situation. It is best to exhaust all of your Federal financial aid options before considering a private education loan.
Some things to consider:
Students may choose any lender who offers alternative education loans. There are many local and regional lenders and credit unions offering private education loan programs. We encourage students to do their own research to determine which loan program is best suited for their needs.
The list of lenders displayed have provided Doane College students private education loans within the past three years. The inclusion of a loan product or lender on this site does not imply endorsement. Doane College does not endorse any loan product or lender.
You must renew each year with the lender of your choice.
Disclosure Statement for Borrowers with Private Education Loans
Doane College does not make private education loans to students; however, students may obtain private education loans from a commercial bank or other type of private lender.
The lender must provide the student disclosure statements:
You have 30 days to accept the loan from the time it has been approved. The lender will instruct you on how to accept the terms of the loan. The lender will send another disclosure form 3 days (6 days if by postal mail) prior to loan disbursement. You will have 3 days to contact your lender to cancel the disbursement.
You must complete a Self Certification Form and are responsible for returning the form to your lender.
Your loan cannot be disbursed until the Self Certification Form is returned to your lender and all loan requirements have been met.
You are responsible for ensuring all proper documentation has been returned to the private education lender.