Private loans are non-federal student loans and typically have higher interest rates than federal loans, so we recommend exhausting all federal options first. Private loans are based on credit and may require a credit-worthy co-signer.
Before applying for a private loan, Columbia College highly recommends that students complete the FAFSA to determine their eligibility for federal loans and grants. Federal student loans may have more favorable terms and conditions than those offered by private lenders.
Students may consider applying for private loans to be used as a supplemental resource for college costs. Lenders must provide multiple detailed loan disclosure statements that require the borrower's and co-borrower's active completion.
Private Loan Comparison Tool
Columbia College has established a historical lender list to assist students and families in their search for private student loan options. The lenders were evaluated and selected based on prior student usage. Columbia College does not promote nor endorse private loan lenders. You may borrow from any lenders you choose.
FASTChoice is an online loan comparison solution customized for Columbia College to help students find a private loan that best meets their needs. It is not a lender but an independent, web-based student loan comparison tool. You can apply online directly from the website. Please remember that you can choose any lender, even if they are not on the FASTChoice website.