US Private Loans

Private education loans to support your studies

Private education loans are available to US citizens from private non-government lenders and approval is based on credit history.

Private Loan is an alternative loan for International students who:

• are not eligible for US Direct Loan program, or
• who may prefer to apply for Private Loans instead of US Federal loans.

US students can use private education loans to borrow the difference between the maximum Cost of Attendance (COA) and any federal (Direct Loan) or other loans/scholarships awarded.

List of lenders

The lenders listed here offer private education loans to US citizens studying outside the US. Please contact the lenders directly regarding for more information about eligibility, how to apply, loan amounts and other terms and conditions.

• Sallie Mae Student Loans
• Earnest

Macquarie strongly recommends that students first apply for Federal Direct loans (where eligible) and then apply for additional funds through a private education loan, if required. Federal loans are more favourable due to the generally lower interest rates and more flexible repayment options.