Current Students: Private Student Loans

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Loan money is money for the student’s educational expenses that must be paid back to the lender.

Students should consider private student loans as a last resort, after filing the FAFSA and obtaining federal or state loans. Private student education loans are funded by many banks or credit unions. 

ELM SELECT assists students in finding a lender that best suits their individual circumstances.  To view lenders, terms, and apply for a private loan, click here.

Interest rates vary by lender, a credit-worthy cosigner will most likely be required, and some programs may require repayment before a student is out of school. Make sure to know and understand your interest rate, repayment options, and all loan details before taking out a private loan.

Private loans cannot be consolidated with federal or state loans.

We suggest you research available private loans on the web or start with your personal bank or credit union. If they don’t offer student education loans, they may be able to direct you to other lenders.

SALT is a program offered at Schreiner for our students, alumni, and employees to help them with financial literacy information and decision-making tools.

Please contact the Financial Aid office with any questions about loans. You can reach us at, 1-800-343-4919 or 830-792-7217, or visit us in person in the Welcome Center. Our office is open Monday – Friday from 8am – 5pm.

The Office of Financial Aid at Schreiner University is committed to assisting students in obtaining the best financial aid award possible. However, it is the student’s responsibility to comply with all requirements necessary to complete the financial aid process. In addition, the Office of Financial Aid is not responsible for the student's financial obligations to Schreiner University. Each student must verify their account balance and make arrangements for any amounts not covered by financial aid.