Private Loan Lenders
Gustavus Adolphus College does not suggest nor endorse lenders – students may choose any lender who offers alternative educational loans for students who attend Gustavus. Gustavus offers a student alternative loan lender list based on lenders that other Gustavus students have utilized in the past 3-5 years who are still in the private loan business. The list is presented in random order. Again, you are welcome to choose any lender you wish.
Federal regulations now require lenders to send 3 disclosure notices to borrowers and co-signers to ensure borrowers are properly informed regarding the terms and costs of the loan. This process will lengthen the time it takes from applying for a loan until the funds are delivered to Gustavus. We anticipate it will take up to 4 weeks to complete this process.
Students are required to fill out a Self-Certification of Private Loans. Most lenders will provide this to borrowers. Your Cost Of Attendance and Total Aid will be shown on your financial aid award on WebAdvisor. Click the link below to obtain a form if you do not have the form provided by your lender.
Processing Tips
- Processing time will take from 20 to 30 days from application to disbursement due to new truth in lending regulations.
- Loans are disbursed half in each semester.
- Plan your annual financial needs by June and complete the loan process by August 1.
- Utilize the on-line application processes whenever possible