St. Cloud State University
Types of Financial Aid
Private Loans
Private loans are not based on need and do not require the student to apply for federal or state financial aid. Students, parents, and co-signers should be aware of the availability of federal and state student loans which may have more favorable terms and conditions than private educational loans.
Private loans are usually taken out for specific situations not covered by federal or state loans, such as when students:
- attend less than half-time (6 credits),
- are not making Satisfactory Academic Progress,
- take courses that do not lead to a degree, certificate, or license, or
- have additional program costs such as aviation or some study abroad programs.
Find out more about Private Loans by reviewing a list of some lenders that offer them. Please note that should you decide to borrow under the private loan program, you may select any lender of your choosing and are not required to select one from this list of lenders.
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St. Cloud State University is an affirmative action/equal opportunity educator and employer.
St. Cloud State University is a member of the Minnesota State Colleges and Universities system.
