Private Education Loans
Before considering private educational loans, it is important to first apply for all other types of aid. Please complete a Free Application for Federal Student Aid (FAFSA) to apply for federal and state grants, federal work-study, and low-interest federal loans.
When family resources, scholarships, and grants do not cover the entire cost of education, even after students have received low-interest federal student loans, additional resources may be required. Students and families may benefit from receiving low-interest student loans to help cover the remaining costs associated with attending DBU. We have compiled a list of other federal, state, and private loan resources to help bridge this gap. Learn more about Private Lenders. If you have any additional questions, you may contact the Financial Aid Office for more information. Visit the Federal Student Aid Website for additional information on student loans.
It is important to research the best possible loan options before pursuing a private educational loan. DBU has partnered with Elm Resources to help. If you meet the eligibility requirements, federal student loan programs are almost always a better option than a private education loan. Private loans are usually more expensive than federal loans, so you and your family should consider obtaining a private loan only after exhausting your federal loan eligibility, including Federal Direct Loans (Subsidized and Unsubsidized) and Federal PLUS Loans. Learn more information about the two options at the Federal Versus Private Loans website.