Basic Information

It is recommended that students exhaust all other federal, state and university aid before seeking a Private Loan. Private loans help students bridge the gap between their federal aid eligibility and their Cost of Attendance. Private loans are based on credit-worthiness, and have variable interest, but do not require students to submit a FAFSA.

Choosing a lender is an important financial decision. We encourage you to extensively research your private loan lending options to identify the lender whose terms best meet your needs. A historical listing of private lenders that our students have utilized in the past three years is available to assist you. For a more in-depth look and comparison of participants in the Private Loan program visit: FINAID

NOTE: A separate loan application is required for the summer semester and for each academic year.

Helpful Tips

The following is a list of criteria that should be considered when selecting a lender:

  1. Interest Rates: Interest rates charged during loan repayment.
  2. Fees: The percent of fees, if any, charged to borrow an alternative loan
  3. Co-Signer Release: Whether or not a co-signer can be released from repayment responsibilities after a certain number of repayments
  4. Repayment: Options differ per lender and are separate from federal student loans.


Academic Hall Room 019
Student Financial Services
One University Plaza, MS 3740
Cape Girardeau, Missouri 63701