The Office of Financial Aid works with lenders and loan servicing agencies to provide BW students and their families with education financing options including private education loans. The basic terms and conditions of private education loans vary from lender to lender and borrowers are encouraged to review and evaluate each program. When researching education financing, federal funds should always be considered first.
IMPORTANT NOTE: Due to federal regulations, it can take four to six weeks to receive funds from a private education loan after you have filed your application.
Note: You have the right to borrow through the lender of your choice and are not limited to lenders listed here or suggested by the online tools.
FASTChoice (free) – The Great Lakes Educational Loan Service's Private Loan Selection Tool provides basic information on private education loans and detailed listings of the various interest rates, borrower benefits, fees and repayment options established by several private lenders.
Ohio Private Loan Marketplace (membership fee required) – After considering BW federal loan options, you can use this tool to compare multiple private loan lenders to make an informed decision about the most appropriate loan for you. The Marketplace displays products from local and national lenders with APRs, interest rates, total cost, monthly payments, borrower benefits, fees and repayment options.
Private Education Self-Certification Form & Private Lender Disclosure Information
As mandated by the Department of Education, the most current Private Education Self-Certification Form and Private Lender Disclosure Information can be found on the FastChoice and Ohio Private Loan Marketplace private loan selection tools. The Self-Certification Form requires information on the student’s cost of attendance/financial aid, and many of the private lenders include the Self-Certification Form as part of the application process since this form must be completed by the borrower and submitted to the lender.