Private Student Loans

Private student loans are an alternative to federal financial aid and are, therefore, NOT part of the Federal Direct Student Loan program. They are offered by credit unions and other third-party lending institutions and are designed to supplement federal financial aid when it does not fully meet a student’s financial need. Each private loan lender determines the interest rates, fees, and eligibility criteria for the loans they offer, and many lenders also require a co-signer. All private loans require a credit check to determine eligibility. We encourage students to borrow these loans only as a last resort, after exhausting all federal financial aid and scholarship resources. Rocky Mountain University of Health Professions does not endorse any particular lender – you may choose whichever lender you wish.