Private Student Loans

If you have exhausted all federal aid, scholarship, and grant options, you could consider applying for a private student loan or parent loan to cover the remaining cost of attendance.

Each lender will request different credit checks, cosigners, and academic enrollment requirements. To make it easier to navigate the available options, we have provided access to a private loan counseling tool, FASTChoice, which includes Borrowing Essentials and Private Loan Options.

Borrowing Essentials is a loan counseling tool, which provides an interactive overview of some basic information about borrowing money to pay for your education. Having a good understanding of these topics will help you get the most out of what you borrow on the best possible terms, and you will be better equipped to make an informed decision.

Private Loan Options provides a comparison list of lenders that USF students have borrowed from within the last three years. The list is NOT a preferred lender list or lender arrangement. USF does not recommend, promote, or endorse any lenders. If you are considering a lender that does not appear on our list, you should collect the same comparative information in order to make an informed decision.

** Please Note: USF does not certify private loans for non-degree seeking students. USF does not certify private loans for students who are not meeting our satisfactory academic progress standards (USF SAP)**

The completion of Borrowing Essentials is recommended by the USF Financial Aid Office. You will be asked to provide your name and USF ID number to complete Borrowing Essential and to view the comparison list of lenders.

Begin FASTChoice – Borrowing Essentials now. (This may take approximately 20 minutes to complete.)

Filing Your FAFSA

The Free Application for Federal Student Aid (FAFSA) is not required for private loan applicants. However, submitting the FAFSA is recommended in order to have federal grant and loan eligibility determined before applying for a private loan.

Note for International Students

If your financial resources have been exhausted, private loans may be an option for additional resources. Some lenders will offer private student loans to International students if the loan is co-signed by a credit-worthy U.S. citizen or permanent resident. Private education loan programs vary by lender. Please contact specific lenders to determine the terms and conditions that may apply.

Self-Certification Requirements

Private loan applicants are required to submit a Private Education Loan Applicant Self-Certification form to their lenders. The Self-Certification form requests basic information about the student, the cost of attendance, estimated financial assistance and the period of enrollment covered by the loan.

It is highly recommended that borrowers use the Self-Certification form provided by their lender, as it may have an important loan applicant ID number printed on it. However, we offer a Self-Certification form as well as instructions on obtaining all required information from myUSF Student Self Service.

Additional Resources