Private Educational Loans
Salisbury University uses Education Loan Management Resources (ELM), a not-for-profit mutual benefit corporation, to display
private lenders along with the certification and disbursement processing of the student loans.
- These loans are borrowed in the student's name but may require a co-signer
- Private loans accrue interest while the student is in school. Lenders may require the student pay the interest as it
accrues while attending school
- The interest rate may be based on the credit history of the student borrower and the co-signer
Before signing a promissory note for the loan, please be sure you understand the interest rates and fees associated with your loan. Once your loan is approved, the lender will contact the Financial Aid Office at Salisbury University for further processing. Please click the following link to access specific lender information and submit loan applications: ELM
Payment Plans
Salisbury University has partnered with Sallie Mae to offer several payment plans through TuitionPay. All of the plans are
interest-free, debt-free ways to spread tuition payments over a number of months. Find out more about payment plans: Payment Plan
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