Alternative/Private Loan Options

Sometimes a supplemental loan is required to meet your expenses at college. Please consider all sources of federal, state, and/or school resources before applying for a private student loan. Private loans are available with the student as borrower, the parent as borrower, or a combination. Most loans have variable interest rates, adjusted quarterly, though some may adjust monthly. Please read loan details carefully.

Please remember a viable option for the alternative loan is the Federal Direct Parent PLUS Loan.

PRIVATE LOAN OPTIONS

Private Loans

Private student loans are consumer loans made to individuals to help pay for college. They are provided by for-profit and nonprofit lending organizations and are not backed by the federal government. Private student loans are designed to supplement, not replace, other financial aid sources to fill funding gaps. You should always consider the federal loan options first.

The loan process will involve you accepting the terms of the loan, completing the loan application, completing a self-certification form, the school certification, and the final loan acceptance. This process can take at least 2 weeks, so please plan accordingly.

Student Loan Code of Conduct