Non-Federal Education Loans
A non-federal education loan may allow a student to afford direct costs of tuition and fees and/or indirect costs of living not met by other sources. Pacific College encourages students to first pursue grants and scholarships, then exhaust access to federal loans before seeking private education loans.
Learn how federal loans and private loans are different.
Pacific College does not participate in any preferred lender arrangements for private education loans nor maintain a preferred lender list. Pacific College does not make any recommendations regarding private lenders; students may borrow from any lender.
Non-federal lenders include banks, credit unions, and private companies. Lenders typically require an application and considers a variety of personal factors (such as credit score, employment, and school performance) before returning a loan decision. Private loans may not offer the same benefits, flexibility, and repayment terms as federal student loans.
lender locator
ELMSelect displays a roster of private lenders that have funded or are willing to fund education loans for students at Pacific College. ELMSelect from Education Loan Management Resources (ELM) is a non-profit, mutual benefit corporation serving students, lenders, and schools.
INSTITUTIONAL LOAN SERVICED BY TUITION OPTIONS
Beginning January 2025, Pacific College offers an institutional loan serviced by Tuition Options. Use the linked application to apply; complete applications are reviewed by Financial Aid Office and/or Billing & Payments Office.
Institutional loans serviced by Tuition Options require payments both while attending school and after leaving school. Accounts must be paid on time, and consequences of past due balances at either Pacific College or Tuition Options risk restriction from progression and/or attendance.
LENDER LICENSING
Student loan servicers that operate in California must be licensed by the Department of Financial Protection and Innovation (DFPI) unless they are excluded from licensing requirements.