mobile icon

  Private Loans

Information about private loans as supplements.

Private loans may be used to supplement your Federal loans but only up to your maximum Cost of Attendance.  They are normally subject to credit rating and you may be required to have a co-signer. Lenders offer these private loans at commercial rates. Please be aware that very few lenders loan money to students attending a foreign school however, Sallie Mae offers private educational loans that are commonly utilized by students at Edinburgh Napier University, however you are not required to use this lender. Take a look at the following information provided by Global Education Management Services (GEMS) which will help you make your decision. 

You can also visit their website​ for additional information. 

If you have already borrowed Federal Loans up to your full Cost of Attendance, we will be unable to certify a private loan. The decision on which loan you take out is ultimately yours, please read all of the available information about Stafford, PLUS and Private Loans before deciding which best suits you. Federal loans generally have better benefits and lower, fixed interest rates.

Further information on Private Loans: Smart Option Student Loan

Loan Process

Please notify the US Loans team if you plan to apply for a private loan. Once you have applied for your loan, your lender will normally contact the University to ask us to confirm your Cost of Attendance and certify your loan.

Disbursement Loan

To meet Home Office requirements, private loans will be disbursed in full at the start of the year. You must have matriculated and be registered at Edinburgh Napier University before we can disburse your loan. The disbursement date used is the date that private lenders issue the cheques in the US. Therefore it may take up to 10 days to be received by the University.

Once the cheque is received, you will be required to sign/endorse the cheque to allow the University to bank it.  Once banked part tuition fees will be deducted from the disbursement before the remaining balance is paid to you for living expenses.​

Please note due to visa requirements, there will only be 1 disbursement for all private loans which typically be shortly after you have matriculated.  All tuition fees will be taken off first and any remainder will eb paid to you in one installment after this therefore you should plan ahead for the full academic year.

www.napier.ac.uk | Edinburgh Napier Mobile App