Your financial aid package may include an alternative loan.
- Private/alternative educational loans are not federally subsidized. They are loan programs funded entirely by private institutions such as banks.
- You/your parents must qualify for these loans based on various factors such as credit rating, grade level or income.
- You are not guaranteed to qualify for a private/alternative loan. You must meet the lender’s qualifying criteria.
Choosing a Lender
To compare alternative loan options and learn about the borrowing process, visit FastChoice, our partner site for alternative loan information.