Private Loans

Private Loans, also known as alternative loans, are used by students and families to bridge the gap between the cost of education and the financial aid award. These loans are for credit-worthy borrowers and are not based on financial need.

The university recommends that you exhaust all grant, scholarship and federal loan options prior to obtaining a private student loan. For more information on applying for financial aid, federal loans, etc., please explore our page about applying for financial aid.

We encourage you to search for and review other lenders to find the best rates available to you and your family. You are strongly advised to compare the benefits and costs of several alternative loan programs before you apply.

  • You may apply for a private loan without a co-signer, but in most cases a co-signer is required.
  • All applications consider an individual's credit standing.

The preferred lenders listed below have been researched by the university and are believed to provide favorable loan programs. There are no penalties if you select another lender. JWU uses the College Board’s lender score card as well as formal requests for information in regards to JWU specific programs during its evaluation process.

Loan Originator Loan Repayment Estimates
Citizens Bank: Student Loan Citizens Bank: Student Loan
College Ave Student Loans College Ave Repayment Options
Discover Student Loans Discover Student Loans
RISLA: RI Student Loan RISLA: RI Student Loan
Sallie Mae: Smart Option Loan Sallie Mae: Smart Option Loan
U-Fi Student Loans U-Fi Repayment Estimates
Wells Fargo: Collegiate Loan Wells Fargo: Collegiate Loan
SunTrust Bank: Custom Choice Loan      SunTrust Bank: Custom Choice Loan

Required Self-Certification Form

In 2010, the US Congress mandated that private loan lenders require borrowers to complete a Private Loan Self-Certification form when requesting any private educational loans.The intent is to assist students with a better understanding of cost of attendance, total financial aid and the gap between the two (as well as to make them aware of over-borrowing loan money).

Before disbursement of any private education loan can occur, this form must be completed and submitted to your lender. To do so, follow the instructions included on the form.

Submit your completed and signed form (both pages) to your lender (via fax or mail); do not submit this form to Student Financial Services or Johnson & Wales University.

  • Discover: preferred method is e-sign, or upload via secure document site. Will not accept faxes. Can be mailed to: Discover Student Loans Customer Service PO Box 30947, Salt Lake City, UT 84130
  • Citizens Bank: preferred method is esign or you can upload documents.
  • College Ave Student Loans: The self-certification form is built into the loan application process. Students will electronically sign when completing their application; therefore, no further action is required.
  • Rhode Island Student Loan Authority: Will accept faxed form at 1-401-468-2196
  • Sallie Mae: will not accept faxes; preferred method is esign or upload form via Activity Center.
  • SunTrust Bank: preferred method is upload via account login; will accept faxed form at 1-800-704-9408
  • U-Fi Student Loans: Preferred method is e-sign which is accepted during the application process; faxes and mail are not accepted.
  • Wells Fargo: preferred method is esign; will accept faxed form at 1-800-456-0561

If you have an alternative lender, please contact that lender for submission instructions.

Code of Conduct for Education Loan Practices

Johnson & Wales University’s student loan practices focus on the best interest of borrowers. The university has adopted the following Code of Conduct for Education Loan Practices requiring all university employees and agents to act lawfully, ethically, and with integrity and to avoid actual or potential conflicts of interest in connection with education loans made to prospective, current or former students and their families.