Parent Private education loans are non-federal loans offered by some lenders. Parent Private loans are designed to supplement a student's financial aid package and help fill in any gaps between the financial assistance that is offered by USD and other sources and the amount the student actually needs to cover the total cost of his or her education.
Parent Private loans are not federally endorsed or guaranteed, but they must be certified, or approved, through the USD Financial Aid Office. A private loan cannot exceed your cost of attendance (budget) minus all other financial aid.
Selecting a lender for an alternative loan is an important decision, one that will affect you for the life of your loan. Parents are encouraged to research the lender benefits, customer service and other information related to loan processing, services and cost. You have the right to select any lender you wish for an alternative loan and you are not required to borrow from the lenders listed below.