If your family is not eligible for need-based financial assistance or choose not to apply, these programs offer alternative loan resources. Students who are receiving financial aid can also utilize these programs to finance all or part of their calculated expected family contribution. Borrowers must be creditworthy to participate in these programs. Students who are not creditworthy by program guidelines, may still be eligible to participate IF they can find a creditworthy person to cosign their loan application.
- A private education loan may reduce eligibility for free or lower-cost federal, state, or institutional financial aid
- You are strongly encouraged to pursue the availability of free or lower-cost Federal financial aid
If you determine you need an alternative loan, we recommend that you review the many alternative loan lenders and research their policies and loan terms to decide the lender of your choice. The best way to locate alternative loan lenders is to do an internet search for "private student loans". Our office cannot suggest nor recommend an alternative lender.
Each applicant is required to complete the Private Education Loan Applicant Self-Certification Form. The form will require information regarding aid that you are currently receiving and the total cost of attendance for Xavier University of Louisiana.