Non-federal (Private) educational loans supply another option for funding.

Rhodes students and parents often wish to or need to borrow non-federal educational loans, called "Private Loans" (also known as alternative loans), to help with college expenses. Numerous lending institutions offer private educational loans, which may be combined with federal loans, up to the cost of attendance. To review information about private educational loan products which our students have used and from whom have had very good service, click this link: Private Educational Loans Frequently Used by Rhodes Students
ADVICE:

• If you must borrow, we advise students and parents to fully utilize federal educational loans and the monthly payment plan before borrowing under the private or alternative educational loan programs.
• Be very careful about responding to any unsolicited loan materials/information you receive in the mail or via email. Colleges and universities can be one of your best resources for information on alternative loans, so please contact us before responding to "Direct-to-Consumer" marketing materials from lenders.
• All private educational loans that are not certified by Rhodes must be reported to our office so that we may account for that funding in the financial aid package. This is per U.S. Department of Education guidance.

Remember that you may choose any private loan lender you wish. Please research each product fully. If you have any questions or have any problems, please contact us.