Private Education Loans
Private Education Loans are obtained from various financial institutions. They are not guaranteed by the federal government and interest generally begins to accrue from the date of disbursement. Private Education Loans usually require a credit worthy co-signer. The student may borrow up to the cost of education less all other financial aid received.
Also remember that it is always in the best interest of the students and parents to explore federal student and parent loan options before applying for private loan products.
We suggest you use ELM Select as a research tool to help you compare lenders and make an informed decision. The lenders listed on ELM Select are lenders Fordham has worked with in the past and are offered for your convenience. You are not limited to these lenders and you may choose any lender you wish.
Congress has mandated that private loan lenders require borrowers to complete a Private Education Loan Applicant Self-Certification Form when requesting any private loans. The self-certification form must be submitted to your lender. Forms should NOT be sent to Fordham University. It must be completed by the borrower and sent to the lender that you are applying with. While we cannot fill out this form for you, we can give you the information needed to complete the form.
Your cost of attendance and estimated financial assistance are needed to fill out section 2 of the form. They are available in the financial aid component of your my.fordham.edu account. To access it, log in to your my.fordham.edu and click on the financial aid login to access your account. Click on the financial aid login to access your account. Click on the "Messages" tab. There will be a message labeled. "Please use this information to fill out your Private Education Loan Applicant Self-Certification Form." This message lists your personalized cost of attendance and estimated financial assistance. You will also have to write in the difference between these two figures on line C.
Once the form is complete please return it to your lender.