Since private loans are not part of the Federal loan program, a FAFSA is not required. However, Federal loans are generally more attractive than private loans, so we still recommend students apply for financial aid and maximize their Federal loan borrowing before borrowing through private loans. Typically, Federal loans have more flexible repayment options, and other benefits, including deferment and cancelation clauses which may not be available through a private student loan. Go to studentaid.ed.gov to view a chart showing a summary of the differences between Federal student loans and private loans.
Private student loans require an application, credit approval (most will require a student to apply with a co-signer, completion of a Promissory Note, completion of self-certification form, and possibly other requirements which may be specific to your chosen lender/loan.