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 an alternative loan. Alternative loans are available with the student as borrower, the parent as borrower, or a combination. Most loans have variable interest rates (accept the parent PLUS loan), adjusted quarterly, though some may adjust monthly. Please read loan details carefully.

ALTERNATIVE LOAN OPTIONS

SELF Loan
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Parent PLUS Loan
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Private Loans
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Parent PLUS or Private: Which Loan Is Right For You?

*Previous Borrowers
Recently, some lenders have decided to leave the student lending business due to unfavorable market conditions.

• The following lenders are no longer available for PLUS loans:
  Academic Funding Group (AFG)
  Bremer Bank
  College Loan Corp.
  Collegiate Solutions
  Student Assistance Foundation
  Student Capital
  Student Loan Xpress
  TCF

• The following lenders are no longer available for private loans:
  Academic Funding Group (AFG)
  Bank of America
  Bremer Bank
  Total Higher Education (THE)

If you have used one of these lenders, you will not find their name on the lender list when you apply for your loans; you will need to select a new lender.

Your current loans are secure, and in most cases, will continue to be serviced by the servicing company that currently holds them. If they are sold, you will be notified by the lender/servicer. If you have questions or concerns regarding this issue, please feel free to contact our office at (800) 447-5444 ext 6047.