Private Alternative Loan

Private loans (also known as alternative loans) can help fill the gap between the cost of education and the amount of other financial aid offered. However, it is best to maximize all other resources first, including federal loans, which may have lower interest rates and better loan terms.

Private Loan Lender List

Federal student loans are available to most students regardless of income and provide various repayment options, including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide.

Private lenders vary in their interest rates, terms, and eligibility requirements. The University of California Office of the President (UCOP) has compiled a list of private loan lenders, although you may choose any lender.

International students, please refer to The University of California Office of the President, list private loan lenders for international students, and visit the Berkeley International Office website.

Not all private loan products can be used to cover a past-due balance (from a previous year or term). Please contact lenders to determine if their private loan products can be applied to cover a past-due balance.