Suffolk University offers Institutional Loans (also known as private educational loans) to those students who are eligible and meet certain requirements.  These loans are awarded through the Financial Aid Offices.

Any student awarded an Institutional Loan from Suffolk University, is required to complete and confirm loan documents.  These documents include a Master Promissory Note, Entrance Counseling, a yearly Disclosure Statement, and a yearly confirmation of Truth in Lending (TILA) documents.  You will be notified of the loan signing requirements via an email prior to the beginning of the semester.

New regulatory amendments to Regulation Z  effective February 14, 2010, requires that all Institutional Loan (private educational loans) borrowers  complete and confirm Truth in Lending loan documents.  The amendments implement provisions of the Higher Education Opportunity Act (HEOA) enacted in August 2008.  Under the amendments, creditors that extend private education loans (institutional loans) must provide disclosures about loan terms and features on or with the loan application.  Additional disclosures must be provided when the loan is approved and when the loan is consummated. 

Please Note:  These loan funds will not be disbursed to your student account until after all the required documents are completed and confirmed.  Failure to complete the loan signing process will result in the cancellation of your loan award.