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Salisbury University BW
A Maryland University of National Distinction
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Alternative Loans

Private Educational Loans

Salisbury University uses Education Loan Management Resources (ELM), a not-for-profit mutual benefit corporation, to display private lenders along with the certification and disbursement processing of the student loans.

  • These loans are borrowed in the student's name but may require a co-signer
  • Private loans accrue interest while the student is in school. Lenders may require the student pay the interest as it accrues while attending school
  • The interest rate may be based on the credit history of the student borrower and the co-signer
  • Depending on your lender, the loan process can take three (3) to six (6) weeks from the time you apply until receipt of funds at Salisbury University.

Before signing a promissory note for the loan, please be sure you understand the interest rates and fees associated with your loan. Once your loan is approved, the lender will contact the Financial Aid Office at Salisbury University for further processing. Please click the following link to access specific lender information and submit loan applications: ELM

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Salisbury University 1101 Camden Avenue Salisbury, MD 21801 410-543-6000