Alternative Student Loans
If you need additional funds for school, alternative student loans allow you to borrow directly from a bank. Because these are not federal student loans, alternative student loan terms (including interest rates) will vary from lender to lender. We recommend that you complete the FAFSA to assess your eligibility for grants and Stafford Loans before applying for an alternative student loan.
Please carefully research the loan terms (fees, interest rates, repayment plans, etc.) before taking out an alternative student loan. You can apply for these loans directly with the lender, who will have the Financial Aid Office certify the loan. For more information on alternative loans, please visit FASTChoice .
How Loan Amounts and Timing are Calculated
The maximum loan amount you can receive is determined by subtracting all other financial aid (grants, loans, scholarships and other educational assistance) from the Cost of Attendance (COA). Federal law requires lenders to wait at least eight business days after certification before sending the loan funds to the college. It’s best to apply early so funds are not delayed. Please contact the Financial Aid Office with any questions.