Federal and Private Education Loan Help


  • Must file a Free Application for Federal Student Aid (FAFSA) each year.
  • Must be admitted as a matriculated student in a degree or certificate program at Pace University.
  • Must be enrolled in at least 6 credits per semester (except for Pell Grants).
  • Must be making Satisfactory Academic Progress towards a degree.
  • Must be a U.S. citizen or eligible non-citizen (permanent residents, certain refugees)
  • Must be registered for the Selective Service (only applicable to males aged 18 and older)
  • Must not be in default of a federal student loan.
  • Must not owe a repayment on a federal student grant.
  • Must have and provide a valid Social Security Number.
  • Combination of federal aid and all other aid received may not exceed the Cost of Attendance.




Private Education Loans are credit-based loans borrowed by the student. It is highly recommended that the student apply with a cosigner to increase their chance of approval and to receive a better interest rate.

Many lenders now offer a choice between a fixed-rate loan or a variable interest rate loan. Upon applying, your lender will provide you with necessary information regarding your options. On either type of loan the interest will begin to accrue at time of disbursement.

If the student chooses to use an alternative loan, be aware that the process could take as long as 30 days before the lender can disburse the funds to the school.

Pace University does not recommend any particular lenders. We will accept and certify a loan from any lender the student chooses. You may utilize Pace University's ELM Select page to review a historical list of lender options.

For more information regarding Private Education Loans please visit our Alternative Financing Options webpage.

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Related Articles (2)

Information and instructions for Graduate level students regarding the Federal Graduate PLUS loan application process.
Information and instructions for Dependent Undergraduate students and their parents regarding the Federal Parent PLUS loan application process.


Service ID: 1828
Fri 1/14/22 9:35 AM
Fri 4/15/22 6:27 PM