Important Information About Private Loans

Many banks and other financing organizations offer private student loans. Applicants for these loans also must complete the FAFSA (Free Application for Federal Student Aid).

Prospective borrowers should be aware that they may also qualify for Federal Student Aid (FSA) loans (, or other assistance from the Federal Student Aid (FSA) programs ( Please note that the terms and conditions of an FSA loan may be more favorable than the provisions of private education loans.

To discuss the availability of federal, state, and institutional student financial aid, please contact Eastern's Financial Aid Office by email:, or call  304-434-8000; or toll-free, 877-982-2322: ext. 9256.


Private Education Loan Applicant Self-Certification

As required by federal law, before giving out a private education loan, all private lenders must obtain a ‘Private Education Loan Applicant Self-Certification’ signed by the applicant (The Higher Education Act of 1965, as amended; and the Truth in Lending Act).

Private Education Loan Applicant Self-Certification [<-- click here]: 

Throughout this Applicant Self-Certification, “you” and “your” refer to the applicant who is applying for the loan. The applicant and the student may be the same person.

SmartStudent Guide to Private Loans: This website provides information about private student loans, including "key characteristics of the major private education loans" such as fees, repayment terms, comparison charts, etc. (Please note that Eastern provides this link as a convenience for students, and does not necessarily endorse any services or recommendations posted or advertised there.)

Federal Aid First: This website outlines many specific advantages for students of federal loans over private loans. (This resource is an official service of the U.S. Department of Education.)