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Supplemental loans from private vendors

Supplemental loans are designed to help students who need additional assistance with educational costs. In most cases, it is advantageous for students to pursue Unsubsidized Federal Stafford Loans and for parents to pursue Federal PLUS Loans before seeking alternative loans.

If a student still needs assistance beyond what is available through federal loan programs, there are a number of private lenders who offer supplemental loans to cover educational expenses. The supplemental loans listed below are not based on need, and they can replace a portion of the Expected Family Contribution. Loan approval is generally based on creditworthiness and ability to repay. The maximum that may be borrowed is the difference between cost of attendance and other financial aid.

College Cost Adjuster provides a helpful tool for calculating what a student may need in private loans, after financial aid, savings, and availability of current income are considered.

Students applying for a private educational loan are required to complete the Private Education Loan Applicant Self-Certification Form available through their lender’s website. Information regarding the total cost of attendance at Wake Forest University can be found on the Cost of Attendance page.

Each lender offers different rates, fees, repayment terms, and approval requirements. Wake Forest suggests students carefully investigate the loan terms and conditions before choosing a lender.

The lenders listed below offer zero fees and/or borrower discounts during repayment, excellent service, and electronic application processing and fund delivery.

See a comparison of these lenders »

You are not required to borrow from one of the loan programs listed above.

Wake Forest adheres to a strict code of conduct in its relations with private lenders.

We encourage you to compare lender discounts and other borrower benefits with these loan comparison tools:

We invite all lenders who would like to be considered for inclusion on this list to submit a proposal to the Wake Forest Office of Student Financial Aid. All proposals must include: origination fees, range of interest rates, range of Annual Percentage Rates, monthly payments, number of payments, total cost of loan, due date of first payment, and borrower benefits.

Need-Based Undergraduate Loan
Through this program, Wake Forest University will pay the interest that accrues on a Discover Undergraduate Loan while you are enrolled in school at least half-time as an undergraduate student at WFU. This loan features fixed or variable interest rates and zero origination fees. Discover will determine your eligibility for the loan, and applying with a creditworthy cosigner may improve your likelihood for loan approval and may lower your interest rate. The Office of Student Financial Aid at Wake Forest University will determine your eligibility for the interest subsidy based on need as documented by your FAFSA and CSS PROFILE. To receive the interest subsidy, you must apply online through these links for a Discover Fixed Rate Undergraduate Loan or a Discover Variable Rate Undergraduate Loan, or apply by phone at 1-877-728-3030 anytime 24/7 using School Code 00297862.