Private educational student loans can help bridge the gap between financial aid and the total cost of education. As with many private student loans, the student is the primary borrower. However, most students will require a credit-worthy U.S. citizen or permanent resident as a co-signer (does not have to be a parent).
We recommend that students first apply for financial aid and borrow with federal student loans. If additional financing is needed, alternative students loans can be an option.
Students may choose to use any eligible lender that offers private education loans. MCNY does not maintain a list of lenders that offer private education loans, nor will we endorse a particular lender. Students who need a focused resource to assist in finding a private loan may choose to use the list of private loan options developed by FinAid.