State & School-funded Loans
Some states and individual schools offer education loan programs. Eligibility for these loans may or may not be based on financial need. These loans may have limited amounts or they may be used as “loans of last resort” to assist students who have difficulty obtaining assistance from other sources. Check with the financial aid office at the schools you’re considering for specific information on availability, terms and application process.
Private loans are typically used by students who don’t qualify for federal student loans or when federal loans aren’t available for expenses such as the costs associated with preparing for licensing exams, or to cover the cost of residency interviews. The financial aid office may have information about available private loan programs.
Remember, you can’t receive financial assistance, which includes these private loans for in-school periods, in excess of the cost of attendance determined by the financial aid office.