Private Loans at CTU

Private loans are made by lenders and may have terms and conditions that are less favorable than the Federal Stafford or Federal PLUS loans. Various lending institutions offer private loans to help cover the gap between the cost of education and the amount of federal and state aid available to those who qualify.

Interest rates are variable and are typically based on the prime rate or the Treasury Bill rate. A cosigner may be required to meet the program’s credit criteria. Interest rates are often determined by the borrowers and/or cosigner’s credit rating and credit history.

Terms and conditions will vary by lender, be sure to read all of the details on the loan before you borrow. Colorado Technical University does not endorse any specific lender. We strongly encourage you to compare loan terms and conditions of the lending institutions that offer or make loans to students, as it is your right and responsibility as the borrower to work with the lender of your choice. If you decide to apply for a private loan to help pay for your education you will suffer no penalty for your choice of lenders. If at any point in the financial aid process you have questions or need more information, a Colorado Technical University Financial Aid Advisor will be happy to provide assistance.

Colorado Technical University works with many private lenders to offer loan products to our students. Below you will find a list of a few products currently offered:

• Sallie Mae
• Wells Fargo

As the borrower, you always have the right to use any lender that you wish. As the borrower, you should ensure that you understand the terms and conditions of loans from the lender you select.

We have provided this list of lenders as a service based on our institution's knowledge regarding their customer service, financially competitive rates, borrower benefits, and broad spectrum of student lending options. We strongly encourage you to compare loan terms and conditions of any lender on this list with other banks or institutions offering or making student loans.

You are not required to use any of the lenders listed ABOVE. The institution is receiving no return benefit from these lenders in exchange for including them on this list.