A private loan is generally used as a final resource for students seeking additional funding. Unlike federal loans, private loan terms can vary based on the credit evaluation of the borrower and/or co-borrower and offer a variable interest rate. Robert Morris University strongly encourages all students to apply for grants, scholarships and federal loans prior to applying for a private loan. Please contact our office if you have any questions on the differences between federal direct loans and private loans.
To see a list of common lender choices, compare loan terms and proceed with the application process, please use RMU ELMSelect.
Other common lenders, as chosen by our students over the last three years, not available through the above link include:
Robert Morris University does not endorse any one lender over another and you have the right and ability to select the private loan provider of your choice.