Loyola University does not maintain a preferred lender list for private alternative education loans, nor are we able to recommend specific lenders. However, over the last several years, our students have used the lenders listed in ELM Select to meet their education loan borrowing needs. Using ELM Select, a service provided by ELM Resources, students can compare and contrast the terms and conditions of each loan option and select a private educational loan that best suits their financial circumstances. Students are not limited to the lenders appearing on the ELM Select list and may choose any lender that best suits their educational borrowing needs.
The Project on Student Debt, an initiative of the Institute for College Access & Success, a nonprofit independent research and policy organization, offers sound advice and information to consider when applying for a private alternative educational loan.