Private Loans

Private loans are made by lenders and may have terms and conditions that are less favorable than the Federal Stafford or Federal PLUS loans. Various lending institutions offer loans to help cover the gap between the cost of education and the amount of Federal eligibility. A cosigner may be required to meet the program’s credit criteria. Interest rates are variable and are typically based on the prime rate or the Treasury Bill.

If you decide to apply for a loan to help pay for your education, you have the right to choose any lender you wish. As a borrower, you should understand that interest rates vary and are typically based on the prime rate or the Treasury-Bill rate. Interest rates are often determined by the borrower’s and/or cosigner’s credit rating and credit history. Terms and conditions will vary by lender, so be sure to read all of the details on the loan before you borrow.

If at any point in the financial aid process you have questions or need more information, an AIU Financial Aid Advisor will be happy to provide assistance.

To learn more about AIU, our degree programs or how to apply for admission, please contact us for more information.

Financial aid is available for those who qualify.