Applying for Loans
Most families have two major needs when considering financing options for a college education. First, obtaining manageable monthly payments and second, minimizing the total cost of education. In order to meet both of these goals we recommend the following:
- Reduce your need to borrow (and the total cost of education) by paying as much as you can directly to Emerson College or through the Tuition Pay monthly payment plan.
- Investigate the terms of available loan programs if you decide to borrow.
- Begin with a combination of loan and payment plan options to meet the amount that needs to be financed. We suggest that you begin with equal amounts in loan and payment plan
- If you can afford larger monthly payments, decrease the amount of loan and increase the Tuition Pay payment plan. If you need your monthly payments to be smaller, decrease your contribution to Tuition Pay and increase the loan(s).
Our website includes information on Emerson College's recommended lenders. Emerson abides by an industry standard code of conduct when selecting and working with lenders. The recommended lenders were chosen because of their rates, available borrower benefits, and demonstrated customer service and processing abilities. Students and parents have the right to choose their own lenders for their educational borrowing. If you have questions about the programs Emerson recommends, please contact the Student Service Center at 617-824-8655.
