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