Alternative Loans

Your financial aid package may include an alternative loan.

  • Private/alternative educational loans are not federally subsidized. They are loan programs funded entirely by private institutions such as banks.
  • You/your parents must qualify for these loans based on various factors such as credit rating, grade level, income, etc.
  • You are not guaranteed to qualify for a private/alternative loan. You must meet the lender’s qualifying criteria.

Choosing a Lender

To compare alternative loan options and learn about the borrowing process, visit FastChoice, our partner site for alternative loan information.