Private education loans are available through an outside lender to help finance the unmet cost of attendance at Kenzie Academy. We recommend that you apply for financial aid first by completing the FAFSA (Free Application for Federal Student Aid) before exploring private loans to ensure you get the maximum federal, state, and university aid prior to seeking alternative options.

Approval and interest rates are based on the credit worthiness of the student, borrower, co-borrower, or co-signer and vary from lender to lender. Certification of the loan depends on multiple factors. You should exhaust all federal, state options including the Federal Parent PLUS Loan before borrowing a private loan.

It is highly recommended that you apply for an entire year’s worth of funding at one time thereby eliminating additional credit checks and processing time.

Questions to ask when exploring a private loan lender:

  • What is my FICO score and/or the FICO of my co-signer?
  • Are there loan fees or repayment fees?
  • What is the interest rate range? Is the rate fixed or variable? If variable, how high can the rate go?
  • When does repayment begin? Are in-school payments required? What will the monthly payment be? What will the total cost of the loan be?
  • How do they evaluate the Co-Signer (credit score, history, debt-to-income ratio)? Can they be released after a certain number of payments?
  • Are there interest rate reductions for automatic withdrawal payments or having an existing account? Are there deferment or forbearance options available?
  • Is the loan forgivable in the case of death or disability?

Alternative Loan Resources

Below is a list of private loan lenders, who upon approval, have or have indicated that they are willing to provide applications for private educational loans to Kenzie students. This list is not an endorsement or recommendation by SNHU or Kenzie. Each lender’s loan programs may have different requirements, so be sure to review with your lender their application process for their loan program that you might qualify for, and which best suits your need.

This is not an exhaustive list of private loan lenders and Kenzie does not guarantee the learner’s satisfaction with the services and products provided by these or any other lenders. You have the right to select a lender of your choice.

As mentioned above, this list is not exhaustive and will be continuously updated. Learners are encouraged to check back and review resources that become available to Kenzie Academy from SNHU.