Private Student Loans

A private, 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 Federal Student Aid (FSA). 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.

Private lenders include banks, credit unions, and other types of lenders. Private lenders consider a variety of personal factors (including credit score, job history, and school) before approving a loan, and you must apply to each individual lender. Private student loans may not offer the same benefits, flexibility, and repayment terms as federal student loans.

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.

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.