Private Education Loans


Before you apply for a private loan, you must file a FAFSA to determine if you are eligible for federal aid [grants, Direct Student Loans, and PLUS (Parent Loan for Undergraduate Students)]. The terms and conditions of a Federal Direct Student Loan may be more favorable than the provisions of a private education loan. COTC does not endorse any private educational loan lender or lending program. Borrowers may choose ANY eligible, participating lender.

Private Education Loan Ap​plicant Self-Certification Form – Institutions are required to provide the Self-Certification form to a private education loan applicant. The applicant may print this form and bring to the Office of Financial Aid for completion of Section 2.

With respect to Private Education Loans, Central Ohio Technical College follows the Code of conduct for Education Loans which prohibits:

  • Revenue-sharing arrangements with any lender
  • Receiving gifts from a lender, guarantor, or loan servicer
  • Contracting arrangement providing financial benefit from any lender or affiliate of a lender
  • Directing borrowers to particular lenders or refusing or delaying loan certifications
  • Offers of funds for private loans
  • Call center or financial aid office staffing assistance
  • Advisory board compensation