Students at Yale SOM who are U.S. citizens or eligible non citizens have the option of applying for a private loan instead of a Graduate PLUS Loan. Private loan terms, conditions, and eligibility requirements will vary, and the borrower (and co-borrower, if applicable) should first compare information amount available student loan providers and apply for the one that best suits their needs.
Students can find more information about different lenders through ELMSelect.(ELMSelect provides a comparison of different lenders, which you can use to evaluate lenders and select one that suits your loan needs). This is not a list of recommended lenders but is rather a list of those lenders used by our students over the past three years. Students have the right and ability to borrow from a lender of their choice and are not limited to those on this list.
Please keep in mind the following:
It is your responsibility to research the different lenders and their loan products.
Private loans may or may not have an origination fee, you should make sure that you check in with the lender that you apply with regarding whether or not they have an origination fee.
Yale SOM cannot act as a cosigner for either domestic or international students.
Repayment plans for private loans can vary from lender to lender. We typically find that private lenders offer a repayment period ranging from 5-15 years.