Private/Alternative/Outside Loans

Private loans are designed specifically to help you fill any gap that exists between your financial aid award, your federal loans and your total education costs. In some cases, federal loans may be more affordable than the terms of a private loan. Comparison shopping is recommended.

As part of Abilene Christian University’s commitment to providing educational funding options to students and parents, ACU’s Office of Student Financial Services will certify private loans for any lender that a borrower chooses.

To aid students and families in the process of choosing a private lender, Student Financial Services has compiled a Preferred Private Lender List.

Please review the following prior to deciding on a lender:

Student Financial Services evaluates lender services annually, in areas including customer accessibility, technical capability, default rate and borrower benefits. Those who excel in these areas are included in our Preferred Private Lender List. ACU uses TG's List Assist Survey to compare lenders for placement on the Preferred Lender List.

Abilene Christian University does not receive benefits in exchange for placing a lender on our preferred list and encourages borrowers to visit the lenders' Web sites to compare terms and conditions of origination and repayment.

Student or parent borrowers may choose any lender and are not restricted to a lender on our preferred lender list.

For the most up-to-date information regarding changes in the student loan industry and lender participation, borrowers should visit

Cancellation Policy

If you choose to cancel all or part of any loan offered to you, please indicate in writing your preference of canceling the full loan or reducing the amount offered.

This statement can be sent by mail to Student Financial Services, ACU Box 29007, Abilene, TX 79699-9007, or by email to

After the loan disbursement is applied to the student account, the student will be notified by email of the amount that was paid. The student then has the right to cancel all or a portion of the disbursement by replying to the email notification indicating his/her preference. ACU will gladly cancel or reduce the loan upon receipt of that request.