Alternative loans are used to help bridge the gap between the actual cost of your education and the amount available from federal and state grant and loan programs. Alternative loans are considered non-need-based.
There are hundreds of lenders providing different types of private educational loans.
Private loan programs differ, so it is important that you know the terms and conditions of the loan, as well as, your rights and responsibilities as a borrower.
Before you look at alternative funding, please make sure that you have exhausted all possible federal and state financial aid funds available. Our office strongly recommends that students file the Free Application for Federal Student Aid (FAFSA) before applying for alternative loans.
If you have questions regarding an alternative loan program, please contact the specific lender directly. Feel free to contact our office with general questions at 918-561-1228.