EAC asks that you first complete the current year FAFSA® Application prior to inquiring or accepting a private education loan. By using our Cost Calculator, you will be able to get an idea of how much financial aid you could be eligible for prior to applying for a private educational loan. Private loans are offered by a variety of lenders and carry a range of terms and conditions based on your credit. Students are encouraged to carefully compare the terms before considering which one best meets their particular needs.
Eastern Arizona College has one of the lowest tuition costs in the state, and most of our students leave with little to no debt. We feel a student should not be burdened with additional debt for their education. Although you don’t have to apply for federal financial aid before applying for a private loan, you should consider it the first option. Private loans can carry interest rates and fees. These loans are based on your credit rating and debt-to-income ratio (not financial need) and can sometimes require a co-signer. We encourage students to carefully compare the terms of a few private loans before considering which one best meets their particular needs.
Fill out the Private Education Loan Self-Certification provided by the U.S. Department of Education