To apply for a private student loan, follow these steps. 

Private Loan Overview

  • U.S. private loans are based on your (or your cosigner’s) credit history.
  • Fixed or variable interest rate based on your (or your cosigner’s) credit score.
  • Grace period varies by lender.
  • Maximum award of up to the annual cost of attendance established by the Institute, less other forms of financial aid.
  • U.S. and international students should consider all government and institutional sources of aid before applying for private loans.

How to Apply

  • Explore resources like the U.S. News Loans section for advice on finding the best private student loans for your needs.
  • Apply for the loan directly with your chosen lender. You can apply for several loans at the same time so that you can compare loan terms.
  • When your loan is approved, the lender will send us a request to certify your student loan. All loan funds are disbursed directly to the Middlebury Institute. If your loan amount exceeds your tuition and fees, you will receive a refund from us.

International Students

Most private education loans in the U.S. require an international student to have the support of a cosigner who is a U.S. citizen or permanent resident.

To qualify for these loans, a cosigner must be a U.S. citizen or permanent resident.

If you are an international student seeking to borrow without a cosigner you will find fewer options.

  • MPower Financing is one example of a lender listed that does not require a cosigner, however their interest rates and other terms may be less favorable. Certain restrictions apply as noted.


The Institute does not offer a list of preferred lenders. You may choose any lender that participates in the private loan program. The Middlebury Institute of International Studies Office of Student Financial Services does not receive and will not accept inducements from lenders in exchange for promoting a particular loan. In addition, we do not share in the profits from any private student loan.