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Financial Aid

Private Education Loans

Johns Hopkins University recommends that students exhaust their eligibility for all federal loan programs before considering a private loan.


Private loans can supplement other forms of financial assistance. You can apply to borrow up to the cost of education, minus other aid that you are receiving. You are not required to complete the FAFSA to apply for a private education loan.

You can review the Maryland Student Loan Marketplace website to assist you in identifying potential lenders and comparing their private education loan products. Keep in mind that the Bloomberg School of Public Health does not endorse or recommend any lender, and does not have a financial interest in any lending institution.

Lenders require an applicant who is not a U.S. Citizen or permanent resident to have a co-signer who is a U.S. Citizen or permanent resident. After your loan is fully-approved by your lender, you must submit the Public Health Private Education Loan Application to our office. The application is typically available online in mid-March for the upcoming school year.

Loans will be disbursed equally for each term; however, lenders will only issue up to four disbursements. Loans for students enrolling for the Summer, 1st – 4th terms will receive their disbursements for Summer, 1st – 3rd terms only and should budget accordingly.

If you are uncertain about your eligibility, please contact the Financial Aid Office.

Questions To Ask A Private Lender

  1. What is your lowest interest rate and fee combination and how can I qualify? Is the rate for a limited period or is it for the life of the loan?
  2. For variable rate loans, is there a maximum rate charged? How often is the interest rate adjusted, and how is it determined?
  3. What interest rate can I get on a fixed-rate loan?
  4. How long will I be repaying the loan? Is there any penalty for paying it off early?
  5. When do I have to start making payments? How long can I defer payments while I'm in school? If I continue in graduate school can I defer payments? How much will I owe when I do start making payments?
  6. Do you offer an on-time payment discount?
  7. What percentage of borrowers get the discounts you offer? Are your discounts guaranteed or are they subject to change later?
  8. Will I lose my on-time payment discount if I make a late payment or if I ask for a change in the payment schedule?
  9. Would you allow me to defer or reduce my payments temporarily because of economic hardship? Under what circumstances and for how long?