Private/Alternative Loan Page

Alternative loans are private loans offered through a lending institution and not part of federal government programs. Private/Alternative loans are more expensive than federal government guaranteed loans and should only be used when all other options have been exhausted. Eligibility is based on the creditworthiness of the borrower or co-signer, if applicable. Please contact the lender directly with any questions related to a loan program's specific terms and conditions, and how they apply to you.
Steps in applying for a private/alternative loan:

  • Advise the Financial Aid Office of your intention to obtain a Private/Alternative Loan by submitting the Alternative Loan Request form. It is the student's responsibility to submit this form to the Financial Aid Office. If the Financial Aid Office does not receive this form the Private/Alternative Loan will not be certified.

  • Apply for pre-approval for a Private/Alternative Loan via lender website or complete a paper application and mail directly to the lender.

  • A credit check will be performed by the lender. If you are denied, a co-borrower may be necessary, contact the lender immediately.

  • Complete the promissory note online for both borrower and co-singer, if applicable-print a copy for your records.The lender will send us an electronic file with the certification request.