Alternative Student Loans
Selecting a Lender
Denison University provides resources for students and families to help with understanding private educational loan options. We believe that students and families should see and compare as many choices as possible in a format that helps them better understanding the obligations and impact of borrowing to pay their educational expenses at Denison. As always, students should fully exhaust their Federal loan options before turning to private educational loans and parents should consider the PLUS Loan option if it fits within their budget.
Our office has reviewed the participating private educational loan lenders at Certified PrivateLoans to compare their loan offers and believes that the lenders all meet our high standards and that Certified PrivateLoans offers lenders that are selected based on criteria such as length of time the lender has been in business, company background, lender mission and focus, methods employed by the lender to protect borrowers against identify theft, information on borrower incentives and benefits, pricing and product innovation and most importantly how they comply with regulations stated in the Higher Education Act of 2008.
Denison has always acted in the best interest of our students and their families. In response to mandates outlined in the Higher Education Opportunity Act of 2008, we have adopted a Code of Conduct [pdf] for Educational Loans to define our relationship with student private education loan providers.
Denison does not benefit in any way from your choice of lender. We are a member of the National Association of Student Financial Aid Administrators (NASFAA), and as such, conform and adhere to the NASFAA Statement of Ethical Principals and the Code of Conduct for Institutional Financial Aid Professionals, and Denison’s own institutional Code of Conduct.
Self Certification
The Higher Education Opportunity Act of 2008 added to disclosure requirements of the Truth in Lending Act (TILA) to require that applicants for private educational loans and institutional loans complete the Department of Education's Private Education Loan Applicant Self Certification Form [pdf].
Information required to complete this form can be found on Denison Self Service. For guidance on where to locate this information within Denison Self Service, click here [pdf].