Supplemental loans are designed to help students who need additional assistance with educational costs. In most cases, it is advantageous for students to pursue a Federal Direct Unsubsidized Loan 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.
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:
You are not required to borrow from one of the loan programs listed on the comparison. If you have any questions about private educational loans, please contact Student Financial Aid