University of Nebraska at Omaha

Private Lending for Higher Education

Loan Product Disclosures

UNO highly recommends you file a Free Application for Federal Student Aid (FAFSA) prior to applying for an alternative (private) student loan. You may be eligible for Federal Direct Loans, which provide benefits and advantages that alternative loans do not provide.

The following is a historical listing of alternative (private) educational loan lenders who made an alternative (private) student loan to students attending UNO since the 2019-2020 academic year.

Inclusion or exclusion of a specific lender is not intended as an endorsement or lack of endorsement by the University of Nebraska at Omaha.

The following list of lenders should not be construed as a preferred lender list. UNO has received no consideration from any lenders for placement on this list.

Lenders will be displayed in a randomized order. The order in which lenders and/or loan products are displayed does not demonstrate any preference whatsoever; you may choose any lender that offers alternative student loans, including lenders that are not on this list.

You should contact lenders directly for the most current and complete information, and to ask questions you have, prior to making a decision to borrow.

Terms and conditions of alternative (private) student loans vary according to each lender. Look for differences in interest rates, fees, credit check and co-signer requirements, and terms of repayment.

Be sure to contact your lender with any questions during the application process. You may be required to submit documentation as part of your application. As applicants of alternative (private) loans are subject to a credit check, the lender will let you know the outcome of the credit check, if a co-signer is necessary in order to approve the application, as well as inform you of any required documentation that needs to be submitted.

After the application has been approved by the lender, your application will need to be certified by UNO. UNO receives most alternative (private) loan certifications electronically. UNO will certify your eligibility for the alternative (private) student loan based on UNO and individual lender guidelines.

Once the alternative (private) loan application has been certified by UNO, it will be returned to the lender. The lender will process the school certification and send you required alternative loan disclosure statements, which will include a disclosure showing the total loan amount and a document explaining your right to cancel the loan prior to funds being sent to UNO.

Once the right to cancel period is over, the loan will be disbursed to UNO and credited to your student account for the loan period(s) certified. The right to cancel period is required to be a minimum of at least 3 days, but many lenders have longer right to cancel periods. UNO usually receives alternative loan disbursements approximately ten business days after the loan is certified.

Alternative (Private) Student Loan Additional Information

 

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