Private Loan Lenders

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:

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

Search for private loans

Search for private loans

IU Fort Wayne will process a private educational loan from any lending institution. To assist you in your search, we are providing two tools below. The INvestEd Marketplace allows you to compare actual rates from multiple lenders based on a soft credit check. ELMSelect provides a range of rates from a historical list of lenders that students have used in the past.

INvestEdMarketplace

ELMSelect

Loan periods

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

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.

Looking for a loan?

Discover more loan types