Financial Aid

How to Apply for a Private Education Loan

Many students have used Private Education Loans as low cost financing options to help cover the cost of their education. There are many lenders that offer private education loans. Students have the right to select any lender that has alternative loans. IWU will process any loan through any lender of the student's choosing. IWU chooses not to recommend lenders to students to allow students the flexibility of using the lender that best fits their needs. Students are encouraged to shop for the right loan for them. To complete a private education loan application, students should either apply online or contact the lender directly.

Historically, over the past 3 years, students have obtained loans from the following lenders. This list is not all encompassing and students are encouraged to find their best option when using financing. Students are encouraged to read all terms and conditions before applying for a private loan. The lenders in this list appear in alphabetical order. Some lenders may not be on our lender list because they do very few loans for our students and we have insufficient information on their ability to lend to students.

Lender Website

Alliant Credit Union

http://www.alliantcreditunion.org/borrow/credit-union-student-loans

Baxter Credit Union

https://www.bcu.org/StudentLoans.aspx

CEFCU

https://www.cefcu.com/personal/borrow/student-loan.html

Citizens Bank, NA

https://www.citizensbank.com/student-services/

Citizens One

https://www.citizensbank.com/student-services/

College Avenue Student Loans

http://collegeavestudentloans.com

Commerce Bank

https://www.commercebank.com/personal/borrow/student-loans

Commerce Bank made by Sallie Mae

http://www.commercebank.com/yourfuture

cuStudentLoans by Lendkey

http://www.lendkey.com/private-student-loans/?sk=organic

Discover Student Loans

http://www.discoverstudentloans.com

Elements Financial Federal Credit Union

https://www.elements.org//

Meadows Credit Union

https://www.mcuonline.com/

Midwest Bank

http://www.ihelploan.com

Motorola Employees Credit Union

http://andigo.studentchoice.org/

PNC Bank

http://www.pnconcampus.com

Sallie Mae Bank

www.salliemae.com/iwu

Sallie Mae on behalf of California Coast CU

https://www.calcoastcu.org/borrow-personal-loans.htm

SunTrust Bank

http://www.suntrusteducation.com

Thrivent Federal Credit Union

https://www.thriventcu.com/personal/student-solutions/

University of Illinois Employees Credit Union

https://uoficreditunion.org/

Wells Fargo EFS

http://wellsfargo.com/student

***Students must complete and submit the Self-Certification form to their lender to finalize their loan. Students will receive this form from their lender. ***