Alternative loans or Private Educational Loans are loans administered by private lenders. There are a variety of lending institutions that offer these loans.

Typically, you should first apply for a Federal Stafford Loan and then the Federal PLUS Loan (if the student is dependent) or the Federal Graduate PLUS (if the student is a graduate student) and then, if additional funding is needed, apply for one of these loans.

Application is made directly through the lending institution. As a part of this process, the Villanova University Office of Financial Assistance certifies that you are an enrolled student and provides other information.

You may choose to use any lender that offers a Private Educational Loan.  However, listed below are participating lenders who have a proven commitment to our students and families and have demonstrated superior customer service.

In addition to this list you may also want to investigate Private Educational loans offered by your State Higher Education Assistance Authority.  Many states offer programs that feature benefits that are only available to residents of that state.

NOTE: Shortly, we will be offering you the opportunity to compare loan products with an easy to use tool called “BorrowSmart.”   Check back on June 30 for this helpful feature.

Additional advice regarding alternative loan programs can be found at AES/PHEAA. 

Private Educational  Loans

Chase (JP Morgan Chase Bank N.A.)

Citibank

PNC Bank Alternative Loan Program

Sallie Mae Education Trust

Wells Fargo Bank