Types of Financial Aid

Loan Programs

Private Loans

Students who need additional funds to pay college costs may wish to investigate private loans which may be available to them.  Private Student Loans should be the LAST resort as they are more expensive than federal student and parent loans. These non-federal loans are available from many sources.  Interest rates, fees, and payment plans are determined by the lender. 

View a list of lenders. 

Lenders may be used if they participate in ELM Resources as Winthrop will utilize the services of ELM in the processing of all Private loans. 

Most students will be expected to have a credit-worthy co-signer to be considered for these loans. 

Remember that all aid, including aid received from these private loan sources cannot exceed the cost of attendance at Winthrop minus any aid you receive, including PLUS Loans received by your parents on your behalf.  Also remember that each lender sets its own interest rate or fee assessment based on the credit worthiness of each borrower and his/her co-signer.

In certain special cases, Private loans may be used to cover balances you may owe Winthrop from previous terms.