Private loans are not part of the federal program. Private loans are managed through private lenders, issued by banks or credit union and require a co-signer. Eligibility, rates, terms and conditions vary.
If the private loan is for an upcoming semester, the funds will be scheduled to pay out at the beginning of the semester. If the funds are for the current semester allow about 2 weeks for all processing requirements.
Please send an email to loantalk@umd.edu with name, UID and your request.
The loan amount cannot be for more than your cost of attendance minus financial aid.
It depends on the situation so send an email to loantalk@umd.edu with name, UID and your request.