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One of the nation's top undergraduate
           engineering, science, and mathematics colleges


Financial Aid Office

Rose-Hulman Financial Aid Office
 
 

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Loan Programs
Private Loans

Private loans are designed to help students who need additional assistance with educational costs.  In most cases, it is advantageous for parents to pursue Federal Direct PLUS Loans or an independent student to pursue an Unsubsidized Stafford Loan before seeking an private loan.  A major advantage of these two programs is that the federal government caps the interest on the loans. 

If a student still needs assistance beyond what is available through these loan programs, there are a number of private lenders who offer supplemental loans to cover educational expenses.  The private loans listed below are not based on need, and they can replace a portion of the Expected Family Contribution.  Loan approval is generally based on creditworthiness and ability to repay.  The maximum that may be borrowed is the difference between cost of attendance and other financial aid.

Each lender offers different rates, fees, repayment terms, and approval requirements.  Rose-Hulman suggests students carefully investigate the loan terms and conditions before choosing a lender.  You are not required to borrow from one of the loans listed below, they are the lenders which our current student's utilize.  We highly recommend to select the lender that fits your needs and wants. 

Due to recent legislative changes, students applying for a private educational loan will be required to complete the Private Education Loan Application Self-Certification Form or available through their lender's website.  Students will need to know the cost of attendance at Rose-Hulman.  You can find that information at:     http://www.rose-hulman.edu/finaid/cost_of_attendance.htm

Name of Lenders
 
Chase Select
CitiAssist - Citi Bank
Discover Student Loan
PNC
Smart Option Loan - Sallie Mae
Charter One Trufit Student Loan
 US Bank
Wells Fargo Collegiate Loan

The websites listed below are websites that will compare private student loans:

www.simpletuition.com

www.finaid.com

 

Private Loan Disclosure Statements

Chase Bank

Citibank

Discover Student Loan

PNC

Sallie Mae

Charter One

Wells Fargo

US Bank

 

 

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