Private Loans
Private loans are available for students who are not eligible for federal education loans, or desire to borrow more than the federal loan limits.
As a reference to you, Harvey Mudd College students have borrowed from the following lenders during the past four academic years:
| Private Education Loan | Lender | Cosigner Required? |
|---|---|---|
| Ascent Tuition Fixed Loan | Richland State Bank | Option available |
| California BPW Education Fund Loan | California Federation of Business and Professional Women | No |
| Citizens Student Loan | Citizens Bank | Yes |
| College Avenue Student Loan | College Avenue | Yes |
| Discover Parent Student Loan | Discover | Option available |
| Discover Undergraduate Loan | Discover | Option available |
| Earnest Private Student Loan | Earnest | Option available |
| MEFA Loan | Massachusetts Ed Financing Authority | No |
| National Loan Program-Credible | New Hampshire Higher Education Assistance Foundation (NHHEAF) | Yes |
| RISLA Parent Loan | Rhode Island Student Loan Authority | No |
| SELF Loan | Minnesota Office of Higher Education | Yes |
| SoFi Parent Loan | SoFi | Option available |
| SoFi Private Loan | SoFi | Option available |
| Smart Option Student Loan | Sallie Mae Student Loans | No |
Harvey Mudd students are not required to select a private loan from this list. Students can choose to use any private loan of their choice. Check with your local banks or credit unions.
According to Truth-in-Lending Act requirements, private education lenders are required to provide prospective borrowers with private loan disclosures before they take out a private loan. These private loan disclosures will disclose to prospective borrowers basic information about loan terms and possible costs.
Below are samples of private loan disclosures:
Sample Application Disclosure
Sample Approval Disclosure
Sample Final Disclosure