Before applying for a private student loan, we recommend that you consider all your other options, including a payment plan and federal loans. While private loans may have higher interest rates, they are an alternative for students otherwise ineligible for federal student loans, such as those enrolled

  • as non-degree students;
  • in prerequisite courses;
  • in a graduate certificate program;
  • or in fewer than 6 credits in a semester.

Boston University’s Financial Assistance office provides complete information regarding private loan financing options on their Credit-Based Loans page for students in graduate and professional degree programs. You will find tips on selecting a credit-based private loan as well as a BU specific link to

For general questions on private student loans or the status of an active application, please contact the financial aid office.