Private Education Loan Information
If you decide that a Private Education Loan is your best option for meeting your out-of-pocket money owed to USF, you may choose to borrow through any lender offering a private educational loan. USF has provided some general information for your reference.
The maximum amount a student is eligible
to borrow is determined by the USF Financial Aid Office and cannot
exceed the student's cost of attendance minus other financial aid
received. The USF Financial Aid Office recommends students apply for
both the fall and spring semesters in the same application.
The University of Sioux Falls
utilizes the FASTChoice tool to help students compare private loan options.
Please select the link below to start using FASTChoice.
Education Loan application process may take several weeks. The USF
Financial Aid Office will begin accepting private loan applications 3 months
before the start of a term. Be sure to apply by August 1st for fall
semester and January 1st for spring semester to ensure funding arrives to USF
before the semester starts.
NOTE: Do not borrow to pay for non-educational items --
borrow only what you need for your education.
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