PRIVATE FINANCING PROGRAMS

Private financing programs are available to help students meet the costs of education by providing longterm financing options. Students should exhaust all federal Title IV assistance available, including the Federal Direct Loan and the Federal Direct Graduate PLUS Loan, before considering a private student loan program. The repayment terms of federal programs may be more favorable than the terms of private loan programs. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide. Federal Direct Loans are available to students regardless of income.