Private Loans
The BW 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 educational financing, Federal Direct Subsidized and/or Unsubsidized Loans 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.
RESOURCES
Note: You have the right to borrow through the lender of your choice and are not limited to lenders appearing on the online tools. Lenders included on FastChoice represent those who have made loans to BW students or parents in the past three years.
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 private lenders.
FASTChoice for Parents - The Great Lakes Educational Loan Service's Private Loan Selection Tool for Parent Borrowers provides basic information on private education loans and detailed listings of the various interest rates, borrower benefits, fees and repayment options established by private lenders.
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 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.