Private Loans for U.S. Citizens, Permanent Residents and International Students with a U.S. Co-signer

• Variable interest rate based on Prime or LIBOR Rate
• Offered by private lenders
• Eligibility depends on borrower's credit score
• Having a co-signer with good credit score could lower the interest rate
• Repayment typically begins 6 months after student graduates or drops below half-time enrollment
• Repayment terms range from 15-25 years depending on the lender and loan amount
•  For more information and the preferred private lender list please visit our website.

Private Loans for International Students without a U.S. Co-signer 

• Offered by Eli Lilly Federal Credit Union (ELFCU)
• Finance up to $85,000 ($42,500 per year)
• Variable interest rate of Prime Rate +4.25%
• Ceiling Rate of 18.0%
• 3% draw fee added to each loan disbursement.
• Flexible repayment options, including full deferment of payments while in school.
• No prepayment fee
• Repayment term 20 - 25 years depending on loan balance
• For more information please visit our website at www.uclaanderson.studentchoice.org.