CGRS: Private Loan Programs
Private lending agencies available to graduate students.
Private Loan Programs
Graduate students may choose to fund their education predominately from personal funds and resources or by taking out loans from private lending institutions (e.g., non U.S. government loan programs).
Private loans, also known as alternative loans, help bridge the gap between the actual cost of education and the amount the Federal government allows you to borrow through its loan programs.
Private loans offered by private financial lenders (e.g., banks, savings and loans, etc.) do require some paperwork, but there are no Federal forms to complete.
Some graduate student use private loans when they have an unexpected expense, if they need more flexible repayment options, or if Federal loans do not provide enough funding.
Please see the following list of private lenders as a starting point should you decide that personal loans make sense for your situation. Please be aware that the terms, interest rates, eligibility and award amounts will vary from federally backed student loan programs.
Please note: The University of Wisconsin-Madison provides these private loan resources for informational purposes only, and does not recommend or endorse any particular loan. Please rely on your personal research in making any decision regarding privately secured loans and the prudence of acquiring a personal loan.