Private education loans, also called alternative loans, help fill the gap between the cost of attendance and traditional financial aid including scholarships, grants, and federal loans. Private loans allow for a loan to be placed in the student's name. Interest will accrue while the student is in school, but payments do not have to be made while the student is enrolled in school at least half-time.

Deer Valley has partnered with CU Student Higher Education Loan Program (CU Student H.E.L.P.) to offer a private education loan program that gives borrowers a 12-month grace period after graduation and no penalty for prepayment. These are credit-based loans. Applicants are encouraged to apply with a creditworthy cosigner to increase their chances of approval and of obtaining a lower interest rate and/or loan fee.

For details about this program, click here.

For general questions regarding the CU Student H.E.L.P. loan call 877.CUEDLOAN or 877.283.3562. Click here to apply online. Applicants will receive a decision usually in less than a minute.

Undergraduate and Graduate Loan

To be eligible for a Deer Valley CU Student H.E.L.P. loan, the borrower must be 18 (19 in Nebraska, Puerto Rico and Mississippi – Mississippi residents under the age of 21 may borrow with written consent from a parent or guardian) by the date of application, enrolled at least half-time in, or admitted to, an eligible institution and a U.S. citizen or eligible non-citizen holding a valid, unexpired USCIS form I-151 or I-551. Borrower must be making satisfactory academic progress.

ANNUAL PERCENTAGE RATE EXAMPLES: The examples below are for illustrative purposes only but should help you understand how much a student loan may cost. The actual rates and fees of your loan may vary from the examples below depending upon your credit history and the educational institution you attend. The first example assumes a loan fee of 0% and an interest rate of Prime - 0.5%. The second example assumes a loan fee of 5% and an interest rate of Prime +1%. Both examples make the following assumptions: you borrow $10,000 which includes your loan fee; your loan is disbursed in a single disbursement on 1/1/2007; you graduate on 11/1/08 (22 months later); your first payment is not due until 11/1/2009; you request a repayment period of 240 months (20 years); and the Prime Rate, which is 8.25% as of July 1, 2007, remains unchanged.

With a loan fee of 0% and an interest rate of Prime - 0.5%, your ANNUAL PERCENTAGE RATE will be 7.61% with an approximate monthly payment of $100.12.

With a loan fee of 5% and an interest rate of Prime +1%, your ANNUAL PERCENTAGE RATE will be 9.56% with an approximate monthly payment of $115.59. Please note that the Annual Percentage Rate will vary and is indexed to the Prime Rate as published in the Wall Street Journal. In addition, any increases in the interest rate will result in an increase in the amount of your monthly payments and/or an increase in the number of scheduled payments.

*Interest rate and loan fees vary and are based upon borrower and/or cosigner (where applicable) credit profile, school eligibility and other underwriting criteria.