Students who need further financing beyond federal student loan eligibility should borrow only what they need and should select the loan that best meets their funding needs.

Lawrence University adheres to a Student Loan Code of Conduct (PDF) as required by the Higher Educational Opportunity Act. Lawrence does not endorse or promote any specific private student loan lender or lending program. Borrowers may choose any eligible, participating lender.

As a guide for comparing loans, we have provided a list on FASTChoice, a loan comparison tool that assists borrowers in selecting a loan that is best suited to meet their needs. Families are not limited to lenders on the FASTChoice list and are free to choose any lender that offers private educational student loans.

FASTChoice Private Loan Comparison List

Lawrence University selected these lenders to be on the FASTChoice Lender List for the following reasons:

  • Competitive borrower rates, terms, and incentives
  • History of exceptional customer service for borrowers and staff of the university
  • Timely processing of loans
  • Funds are sent electronically (EFT) when possible

Remember: The Financial Aid Office will process a private student loan from any lender you choose. There may be lenders not on our list who offer different benefits that are better suited to your particular circumstances.

Apply for a Private Loan

You may conduct your own research for private student loans with any lender, bank or credit union. Many lenders offer an online application. 

The student may borrow an amount up to the cost of attendance minus any other financial aid. If you apply for a loan to cover all academic year's cost, the loan will be split evenly between Fall, Winter, and Spring terms.

Processing Time

  • We highly recommend borrowing a private student loan over all terms of academic year enrollment rather than reapplying for an individual loan each term. 
  • Please allow 3-4 weeks for processing, certification, and receipt of funds.
  • The loan will not appear on your financial aid until the lender has confirmed credit approval, sent a certification request to Lawrence University, and the school has certified the loan.