After considering all the resources available through the Teachers College Office of Financial Aid, some students need further assistance and choose to secure a private loan through a lender of their choice.
Note: The Office of Financial Aid does not promote or work with one particular private loan lender.
Before seeking a private loan, you should first:
Alternative Loans take longer to process than federal loans due to the multiple disclosure statements and right-to-cancel periods required by federal lending laws. Please read carefully to understand the process.
1. Select your preferred lender and apply through the lender’s website.
- When applying for your loan, you will be asked for your Loan Term. The loan term can be for one or both semesters in the academic year. Please use the dates below to determine your preferred loan term. IMPORTANT: When inputting the dates on your application, only indicate the dates that coincide with the academic year you are applying for, not the entirety of your program.
Term |
Start Date |
End Date |
Fall 2023 |
09/05/2023 |
12/22/2023 |
Spring 2024 |
01/16/2024 | 05/06/2024 |
Summer 2024 |
05/23/2024 |
08/16/2024 |
2. Complete the Application Disclosure Statement from your lender. Ask your lender questions if you are unsure of any information.
3. Submit the Self-Certification formto your lender.
4. If approved, you will be asked to complete an Approval Disclosure Statement from the lender.
5. The Office of Financial Aid will then receive your loan request from the lender and certify the loan.
6. Once the Office of Financial Aid certifies the loan, you will receive a Final Loan Disclosure Statement from the lender.
7. Once the funds arrive at Teachers College, Office of the Bursar will apply the funds to your account as needed.
Learn how to Avoid Deceptive Offers and understand the differences between Federal vs. Private Loans.
Students can borrow up their overall cost of attendance (COA) less any other aid resources (i.e., scholarships, grants, federal student aid, etc.). To determine the maximum amount you may borrow, take the COA and subtract any other financial aid awards received. Students can view their COA and award offer on their myTC. Students can also view a breakdown of the institution’s COA here.
Federal regulations require lenders to obtain a Private Education Loan Applicant Self-Certification Form before disbursing a private student loan. The purpose of this form is to ensure students are aware of other aid resources, such as federal student aid, that may offer better terms and conditions than a private loan. Students who apply for a private student loan must complete this form and return it to the lender (not Teachers College).
Teachers College will receive notification directly from the lender once a student has been credit approved, and the Office of Financial Aid will certify the request based on enrollment and the overall cost of attendance. After a private student loan is certified by the Office of Financial Aid, please allow up to 7-10 business days for processing with the lender. Once the funds arrive at Teachers College, Office of the Bursar will apply the funds to your account as needed. Please note that all processed private loan aid will only be disbursed after the start of each academic term and we are unable to disburse your loan in advance before the semester begins.
Teachers College-Columbia University , Office of Financial Aid, code of conduct for Educational Loans prohibits:
*** All required consumer information shall be displayed in a prominent location on the Financial Aid Office website and in any printed materials, easily identified and found.