Private Alternative Loans & Private, Non-Federal Loans
Alternative Loans are loans that help assist students who may be in need of further financial assistance for their educational costs. Alternative Loans are not a government program and are available through private lenders. It is important to research federal loan programs, scholarship opportunities, grants and Work-Study programs available to you before you borrow from a private loan program. The terms and conditions of federal loans may be more favorable than the provisions of private, non-federal student loans. Student Private Alternative Loan borrowers are typically required to apply along with a creditworthy co-signer. Interest rates and terms of these loans vary depending on the loan program the student wishes to utilize.
For more details regarding this program, please see the Alternative Educational Loans Document.