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WEI Summer Loan Application Term 2021 WEI Undergraduate Students INFORMATION (page 1) AND APPLICATION (page2) Funding Options for Term 2021 Funding for Term is limited to Federal Direct Loans for
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Private loans, also known as alternative loans, are non-federal student loans offered by private lenders.
Private loans do not need to be filed like federal financial aid, but borrowers are required to repay them according to the terms of the loan agreement.
To apply for private loans, borrowers typically need to submit an application directly to the lender. The lender will then review the application and determine if the borrower is eligible for the loan.
The purpose of private loans is to provide additional funding for educational expenses that may not be covered by federal financial aid.
Borrowers may need to provide personal and financial information when applying for private loans, such as income, credit history, and co-signer information.
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