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.
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.