Private Loans

Private student loans provide another option to help fund your education. SOWELA Technical Community College highly encourages you to explore your eligibility through federal and state financial aid by completing the FAFSA before considering a private loan. These loans are applied for directly with the lender; however, SOWELA is required to certify your loan eligibility. Private loans are not based on financial need, but the borrower and co-signer must meet credit and other eligibility requirements set by the lenders. You may use any lender you choose. We encourage you to carefully compare rates and terms before making any decision on what loan program is best for you.

Private Education Loan Disclosures

Please understand that creditors that extend private education loans will provide disclosures at the point of application and loan approval and confirmation. Loan disclosures will contain important information from Section 128(e) of the Truth in Lending Act (15 U.S.C. 1638(e)) about loan terms, and features, and must disclose information about federal student loan programs that may offer less costly alternatives. Each vendor provides loan disclosures specific to their loan program.

Private Education Loan Applicant Self-Certification Form (PDF)

3820 Senator J. Bennett Johnston Avenue
Lake Charles, Louisiana 70615
(337) 421-6565
(800) 256-0483
info@sowela.edu

Mon-Thu: 7:45 AM to 4:15 PM
Friday: 7:45 AM to 12:00 PM
(337) 421-6550

SOWELA Technical Community College does not discriminate on the basis of race, color, national origin, gender, disability, or age in its programs and activities. The following person(s) have been designated to handle inquiries regarding non-discrimination policies:

Title IX Officer

Candy Parker

candy.parker@sowela.edu

(337) 421-6510 or (800) 256-0483

3820 Sen. J. Bennett Johnston Ave. Lake Charles, LA 70615

ADA Officer

Maegan Lewis

maegan.lewis@sowela.edu

(337) 421-6952 or (800) 256-0483

3850 Sen. J. Bennett Johnston Ave. Lake Charles, LA 70615

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