Outside Loans

Loans are sources of funding that allow you to spread the cost of your education over time. Loans are available from various sources, including federal and state governments, the University, and private lenders. As you progress toward your degree completion, the amount of annual loan eligibility typically increases.

When you take out a student loan, you must pay it back — even if you do not complete your education.

Some loans are disbursed in the form of a check which you endorse and use to pay any charges you owe the University. Other loans are credited to your student account after you complete a promissory note and any other required documents. Your loans may be canceled if you don’t endorse your loan checks or complete the required documents. You can view a list of available private loan options here.


Mercer University partners with Sparrow to help students and families navigate the confusing world of private student loans. Sparrow allows you to search and compare private loan offers from different private lenders through a single application. Think of Sparrow as an Expedia for private student loans. Sparrow allows students and families to check real rates for 15+ student lenders in one application.