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Graduate Financial Aid

» Private/Alternative Loans

Private student loans are credit-based loans available to eligible students. It is recommended that students investigate their federal loan options fully before considering private loans. International students will likely need to obtain a US cosigner in order to secure a loan. 

Rates, fees, and terms will vary among lenders (based on market indicators), but they will generally cost more to borrow than the Stafford Loan. Borrowers are encouraged to compare the rates and terms of several lenders before completing an application.

Lenders require credit checks and may offer better rates to students with good credit or applicants with cosigners. Students with questionable or bad credit may not be able to borrow this type of loan.

When considering which lender to use, students should inquire about:

  • Are fees charged up front and upon repayment?
  • The interest rate: Is it variable? Is there a rate cap (maximum rate)?
  • Are there any repayment incentives?
  • Can principle and/or interest be deferred, and for how long?
  • How often is the interest capitalized?

Once a student has been approved for a private loan, the lender will communicate with Chapman University electronically. 

Please allow 3-4 weeks for loan processing, certification, and disbursement of funds. Students should inform the Office of Graduate Financial Aid of their intent to borrow a private loan. 

Please keep in mind that private student loans are counted as aid and are limited to no more than the Cost of Attendance minus other aid the student is receiving. Students who have borrowed their maximum awarded federal loans cannot use private loans to borrow additional funds. 

+ - Bar Study Loans for Law Students

Bar loans are designed to help Law students pay for Bar preparatory classes and living expenses while studying for the Bar Exam. Generally these can be borrowed during the student’s final year of study or up to six months after graduation.

We encourage students to contact the Office of Graduate Financial Aid to find out if you have any remaining eligibility in your financial aid budget before applying for a Bar Exam Loan. Students should only borrow a Bar Exam Loan if all federal aid has been exhausted.

Bar Loans are private loans, so the interest rates and fees may be higher than those of a federal loan and they cannot be included in federal loan consolidation. The loan is credit-based and may require a cosigner.

+ - Residency and Relocation Loans for Health Professions

Residency and Relocation loans are designed to help students in certain health professions who will have costs associated with taking board examinations, traveling for interviews, and moving for a residency. Generally these can be borrowed during the student’s final year of study or up to a year after graduation.

We encourage students to contact the Office of Graduate Financial Aid to find out if you have any remaining eligibility in your financial aid budget before applying for these loans. Students should only borrow a Residency and Relocation loan if all federal aid has been exhausted.

Residency and Relocation loans are private loans, so the interest rates and fees may be higher than those of a federal loan and they cannot be included in federal loan consolidation. The loan is credit-based and may require a cosigner.