Home page
ع
Resources for Current Students, Faculty and Staff
Webmail Directory Catalog Banner Canvas Moodle
Primary Navigation Background
Quick Links / AUC Directory, Faculty Directory

Private Loans for U.S. Students

  1. Admissions
  2. U.S. Loans
  3. Private Loans for U.S. Students

Private Education Loans

Students who require funding beyond their federal student aid eligibility may wish to consider a private education loan.

Currently, the Sallie Mae Smart Option Student Loan is available to eligible undergraduate and graduate students enrolled at The American University in Cairo (AUC). Private education loans are credit-based loans offered by private lenders and are not funded by the U.S. Department of Education.

Eligibility Requirements

Eligibility is determined by Sallie Mae and generally requires that students:

  • Be enrolled or accepted for enrollment at AUC.
  • Meet applicable citizenship and residency requirements.
  • Meet Sallie Mae's credit and underwriting criteria.
  • Maintain Satisfactory Academic Progress (SAP).
  • Complete all required loan application and promissory note requirements.

Some applicants may be required to apply with a creditworthy cosigner.

Loan Amounts

Eligible students may borrow up to the Cost of Attendance (COA), less any other financial assistance received, as certified by the University and approved by the lender.

Important Information About Private Loans

  • Private student loans are credit-based loans offered by private lenders.
  • Interest rates, repayment terms, fees, and borrower benefits are determined by the lender.
  • Loan approval is not guaranteed.
  • Students should carefully review all loan terms and conditions before borrowing.
  • Students are encouraged to explore federal student aid options before applying for a private education loan.

For additional information regarding the Sallie Mae Smart Option Student Loan, including current interest rates, repayment options, and application procedures, please contact Sallie Mae directly.