Rutgers: Office of Financial Aid

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Private Loans

Private loans are for students and parents who have exhausted all other options for additional resources. Approval for these loans is usually contingent upon the credit-worthiness of the borrower. Amounts are limited to the cost of attendance for the enrollment period minus other anticipated financial aid. Private loans may be offered to students who are non-matriculating (not obtaining a degree or certificate), international students, registered less than half-time, or do not meet Standards of Academic Progress. Private loans should only be considered after state and federal sources of financial aid have been utilized.

Before you consider a private loan, review information for the Parent Loan for Undergraduate Students (PLUS). Rutgers University participates in the William D. Ford Federal Direct Loan Program. Students and parents borrow directly from the federal government. As a Direct lending school, Rutgers can process your PLUS loan application quickly.

Should you choose instead to opt for a private loan to fund educational expenses, please submit one private loan application for the entire Academic Year. Please select only ONE lender, as multiple applications will significantly delay the processing of your loan.

Remember, a private loan is an agreement between the borrower and the lender. It is the borrower's responsibility to carefully manage his/her educational loans. Many lenders offer on-line account management which allows the borrower to check loan status, view disbursement information, and monitor loan balances.

Rutgers University provides this private loan list as a service to its student body. Rutgers University does not endorse any particular lender. If your lender of choice does not appear below, please forward your certification request to our office so that we may assist you in your private loan process. Visit lender websites for individual term, interest rate and repayment options. Please borrow conservatively.

Questions to consider when comparing private loans.

Access Group	800-227-2151	Designed specifically for Law students, this loan helps cover costs that exceed the Federal Stafford Loan limits.
Chase	877-729-4724	Undergraduate, Graduate. Must be enrolled in a degree or certificate program. Can be enrolled less than half-time.
CitiBank	800-967-2400	Undergraduate, Graduate, International, Non-Matriculated. Can be enrolled less than half-time.
NJCLASS	800-792-8670 Mon - Thurs 8:00am - 8:00pm	Available to in-state and out-of-state students attending a New Jersey school, as well as New Jersey residents attending an out-of-state school. Must be enrolled at least half-time.
Rutgers USA	732-932-8117	Deferred payment loans offered exclusively to Rutgers students, parents, and alumni. Easy online application. Conditional loan decisions in 60 seconds, rutgersloans.com.
SallieMae	800-695-3317	Undergraduate, Graduate, Matriculated. Must be enrolled at least half-time Non-matric students who have received a degree are also eligible.
StuFund	877-788-4773	Parents and students. Competitive interest rates, flexible repayment terms, and the option to defer payment until graduation.
Wachovia	800-338-2243	Undergraduate, Graduate, Medical and Continuing Education Program students regardless of the number of credits hours enrolled.

For further assistance, contact your regional financial aid office.

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