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Private Student Loans

Private student loans are nonfederal educational loans in the student's name, offered through private lenders. Smith College recommends that students first explore all federal loan options before considering nonfederal private loans. Please note also that we highly recommend that you speak with a financial aid counselor before taking out a private student loan. Please contact our office to make an appointment.


You are able to apply for a loan from any lender that offers private education loans. Private lenders do check your credit history to see if you qualify for a loan. In many cases a coborrower may be required to qualify for a loan and may help lower your cost of borrowing. Interest rates, fees and qualifications vary, so be sure to review the details of information provided by the lender.

Comprehensive List of Private Lenders

Smith College does not maintain a recommended lender list. However, we do provide a comprehensive list of lenders that Smith College students have used for the past three years.

Smith College has not reviewed the terms and conditions of the loans offered by these lenders and does not endorse any one of them.

Please go to ELM Select to review the comprehensive list of lenders and the terms and conditions of their loans.

Other private lenders exist that may not be on Smith College's comprehensive list.

You are able to choose any private lender that meets your needs.

Note that many credit unions are not listed individually but can be found under cu student (student choice) on ELM Select.

Smith College and its employees do not receive any benefits from lenders listed on this comprehensive list. We are committed to the highest standards of professional conduct. Please review our Code of Conduct for details of our practices.