Looking for a private loan?

IU Fort Wayne will process a private educational loan from any lending institution. To assist you in your search, we recommend using ELMselect. ELMselect is a private loan selection tool that helps students and parents make informed decisions when borrowing private loans. You can compare interest rates, terms, benefits, and more for up to four lenders at one time. You can also directly apply for a private loan through ELMselect.

The lenders available represent a historical list of lenders our students have used in the past. They are shown to you in random order.

Important things to remember:

• Most lenders will only loan to degree-seeking students.
• Some lenders require students to meet satisfactory academic progress (SAP) requirements.
•  You may also be able to apply for a private loan to cover a past due balance.

It is your responsibility to review your lender's eligibility requirements before you apply.

Search for private loans

Loan periods

2021-2022

• Academic year (fall and spring): Aug 2021 - May 2022
• Fall only: Aug 2021 - Dec 2021
• Spring only: Jan 2022 - May 2022
• Summer: May 2022 - Aug 2022

Processing a private loan

• You should begin the application process 4 to 6 weeks before you need the funds to ensure timely processing.
• Funds will disburse 10 days prior to the start of the semester or up to 6 weeks after you apply.

Cancelling or reducing your private loan

Please contact our office if you need to cancel or reduce your private loan during the term you applied for the loan. Once a loan is reduced or cancelled, IU Fort Wayne cannot increase or reinstate the loan. You will need to apply for a new private loan.